Soltec Power Holdings Sees Q3 Recovery, Optimistic Despite 93% Drop in YTD Adjusted EBITDA

Spanish solar energy specialist, Soltec Power Holdings SA, reported a 93% year-on-year decline in adjusted EBITDA to EUR 0.6 million (USD 643,310) for the first nine months of 2023. However, a notable recovery in its solar trackers manufacturing division, Soltec Industrial, during Q3 has kept the group optimistic for the remainder of the fiscal year.