Corporacion Acciona Energias Renovables SA
ANE: XMAD (ESP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€72.00 | Jrtq | Hjzptpw |
Acciona Energia's Financial Structure Looks More Solid After the Investments Reduction
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.