Energy Holding Corp, a significant shareholder in Tecnoglass Inc. (NASDAQ:TGLS), recently increased its stake through open market purchases totaling about $4.05 million. The transactions had weighted average prices between $40.27 and $40.56 per share.
The timing is notable as TGLS currently trades at $38.61, near its 52-week low of $37.52, following a 55% decline over the past year.
According to an SEC Form 4 filing, Energy Holding Corp acquired 80,879 ordinary shares on May 14, 2026, at a weighted average price of $40.5609, with individual prices ranging from $38.84 to $41.00.
A subsequent purchase on May 15, 2026, added 19,121 ordinary shares at a weighted average price of $40.2726, with prices from $40.18 to $40.58.
Following these transactions, Energy Holding Corp directly holds 20,831,985 ordinary shares and is identified as a ten percent owner of Tecnoglass.
According to analysis, the stock trades near its 52-week low with analyst price targets between $55 and $61, suggesting potential upside. The company trades at a P/E ratio of 12.
In other news, Tecnoglass reported Q1 2026 earnings that surpassed expectations. EPS came in at $0.78 versus the forecast $0.72, and revenue was $249 million versus $242.35 million expected.
