Corporacion Acciona Energias Renovables SA

ANE: XMAD (ESP)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Acciona Energia: 2025 Guidance Set Below Expectations; Shares Cheap

We confirm our EUR 25 fair value estimate pending the incorporation of no-moat Acciona Energia's 2024 results and 2025 guidance. The latter was set below FactSet consensus and our expectations. Shares are undervalued.

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