Independent equity research
Is Corporación Acciona Energías Renovables, S.A. (ANE) a Buy, Hold or Sell?
Corporación Acciona Energías Renovables, S.A. — our independent, AI-built valuation and rating, in brief.
HOLD
12-mo fair value
€21.80
To fair value
0%
By · report dated 2026-09-14 · fair value derived independently of the market price.
The thesis, in brief
ACCIONA Energía's fleet earns about 2.6% on invested capital ex disposal gains, against a 6.59% cost of capital, so the equity is a bet on the rotation spread: if the EUR 944m of disposals needed to hit the sub-EUR 3bn year-end net debt target has not closed by the March 2027 results, we are wrong
How we value it
We value Corporación Acciona Energías Renovables, S.A. using EV per MW sum-of-the-parts, contracted/merchant split, DCF cross-check on ordinary EBITDA. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalized EPS
- Returns on capital (ROIC vs WACC)
- Balance-sheet safety
- Two independent valuations (DCF + multiples)
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full Corporación Acciona Energías Renovables, S.A. report
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