Skip to Content
Morningstar

Corporacion Acciona Energias Renovables SA ANE

Morningstar Rating
Unlock
Stock XMAD Rating as of
€19.02 −0.07 (0.37%)
View Full Chart
As of Delayed Price Open
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

European Utilities Edged Up in Q2 on Soaring Power Prices, High Interest Rates Still a Drag

Tancrede Fulop

Utilities have reversed part of their first quarter’s fall, thanks to a strong rebound in power prices. Moreover, the deep undervaluation of renewables developers has driven takeovers by big investment firms at very high multiples. Neoen’s main shareholders accepted an offer at 18 times the EBITDA. The sector is still significantly lagging the market in 2024 because of high interest rates. Should they fall, it would boost the sector.

Read Full Report

Price vs Fair Value

View History
ANE is trading at a 563% premium.
Price
€19.09
Fair Value
€42.00
Uncertainty
Medium
1-Star Price
€78.24
5-Star Price
€45.50
Economic Moat
Tsjfk
Capital Allocation
Jrtqwvjt

Bulls Say, Bears Say

Bulls

Owning long-duration assets, Acciona Energia is favorably exposed to a decline in interest rates.

Bears

With about 40% of its capacity located in Spain, Acciona Energia has high exposure to historically negative regulation for utilities and renewables developers.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ANE is a good fit for your portfolio.
Get 7 Days Free

Trading Information

Previous Close Price
€19.09
Day Range
€18.70–19.27
52-Week Range
€18.49–30.36
Bid/Ask
— / —
Market Cap
€6.17 Bil
Volume/Avg
235,501 / 470,065

Key Statistics

Price/Earnings (Normalized)
15.08
Price/Sales
1.76
Dividend Yield (Trailing)
2.55%
Dividend Yield (Forward)
2.55%
Total Yield
2.55%

Company Profile

A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. At the end of 2023, the group had 12.1 gigawatts of consolidated capacity. 70% of Acciona Energia's capacity is onshore wind, nearly 7% is hydro dams in Spain and 18% is solar photovoltaic. Geographically, 44% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the US, and Australia.
Sector
Utilities
Industry
Utilities - Renewable
Stock Style Box
Mid Core
Total Number of Employees
3,099
Website
https://www.acciona-energia.com

Competitors

Valuation

View More
Metric
ANE
NEOEN
IBE
Price/Earnings (Normalized)
 15.0864.0513.10
Price/Book Value
 1.072.161.44
Price/Sales
 1.7610.351.69
Price/Cash Flow
 8.5818.807.68
Price/Earnings
No chart available

Financial Strength

Metric
ANE
NEOEN
IBE
Quick Ratio
 0.821.140.60
Current Ratio
 1.101.260.77
Interest Coverage
 6.982.144.98
Quick Ratio
No chart available

Profitability

Metric
ANE
NEOEN
IBE
Return on Assets (Normalized)
 3.50%1.17%4.79%
Return on Equity (Normalized)
 8.00%3.34%14.40%
Return on Invested Capital (Normalized)
 5.32%3.47%7.51%
Return on Assets
No chart available
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Utilities - Renewable Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Constellation Energy Corp
CEG
—Kmnl$65.0 Bil
 GE Vernova Inc
GEV
GszlsmqqMpjn$46.5 Bil
 Verbund AG ADR
OEZVY
—Yvfb$28.2 Bil
 Verbund AG Class A
OEZVF
—Lktd$28.2 Bil
 Orsted A/S ADR
DNNGY
—Hmq$22.5 Bil
 Orsted A/S
DOGEF
—Gnqk$22.5 Bil
 CEZ a.s
CZAVF
—Nbvxds$20.4 Bil
 China Longyuan Power Group Corp Ltd ADR
CLPXY
—Kjwb$15.9 Bil
 Brookfield Renewable Partners LP
BEP
CnwhnyxwpKnyd$7.1 Bil
 Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)
BEPC
VxvpmfwqgvJkp$5.1 Bil

Sponsor Center