Corporacion Acciona Energias Renovables SA
ANE: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €42.00 | Ghj | Dhvjmlr |
Decline in Achieved Power Prices and Rising Financial Costs Will Hit Acciona Energia's Earnings
Business Strategy and Outlook
A renewables developer, Acciona Energia was spun off from Spain industrial conglomerate Acciona in July 2021. The floating share is 17.3%. The rationale of the IPO was to revive capacity growth that had been subdued since a 2013 regulatory change in Spain drove a sharp cut in renewables' returns.