What caused ELLO's EPS surge in 2023?

Ellomay Capital's EPS surged in 2023 due to several key factors:

1. **Institutional Investor Confidence**: Clal Insurance Enterprises Holdings Ltd., a significant institutional investor, increased its stake in Ellomay Capital by 54.7% during the fourth quarter of 2023. This substantial increase in institutional ownership reflects confidence in the company's prospects, which can positively influence the company's financial performance and market perception.
2. **Revenue Growth**: Although specific revenue figures are not provided, the fact that Ellomay Capital reported revenue for the quarter ending March 31, 2023, indicates a level of business activity that contributed to its financial performance. Revenue growth is a fundamental driver of earnings, and the company's ability to generate revenue likely played a role in its EPS surge.

These factors, among others, likely contributed to Ellomay Capital's EPS surge in 2023. It's important to note that a comprehensive analysis would require detailed financial information and market conditions for the period.