Corporacion Acciona Energias Renovables SA

ANE: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€19.00	Pymnt	Prplzdgl

Acciona Energia: 2023 EBITDA Guidance Confirmed; Shares Undervalued

Tancrede Fulop

Nov 17, 2023

We confirm our EUR 32 fair value estimate after no-moat Acciona Energia confirmed 2023 EBITDA guidance while raising guidance for investments. We view shares as undervalued.

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