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Envela Company (NYSE:ELA) – Envela Plans To Buy Property For Subsequent Photo voltaic-Recycling Facility


Envela Plans To Purchase Property For Next Solar-Recycling Facility

  • Envela Corp (NYSE: ELA) subsidiary, Echo Environmental Holdings LLC, has signed an settlement to accumulate property for its solar-recycling facility in Arizona.
  • The acquisition is predicted to develop the corporate’s capability to recycle photo voltaic panels, PV cells, inverters, and different PV-system parts.
  • The property is situated close to the corporate’s Chandler IT asset-disposition (ITAD) facility in Mesa, Arizona.
  • The corporate expects the acquisition to shut within the third quarter of 2022.
  • Echo presents sustainable end-of-life options for photovoltaic (PV) electric-generative methods by way of refurbishing, reuse, and recycling.
  • Value Motion: ELA shares traded decrease by 5.48% at $5.00 on the final verify Friday.

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