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Audax Renovables SA ( (ES:ADX) ) has shared an update.
Audax Renovables has achieved a record EBITDA of 33.3 million euros in the first quarter, driven by an 8% increase in energy supplied and a 16% growth in its customer base. The company has strengthened its financial solvency, leading to a credit rating upgrade to BBB- by EthiFinance, and continues to expand its renewable energy projects in Europe, reinforcing its position as a leader in the sector.
More about Audax Renovables SA
Audax Renovables is a vertically integrated energy group founded in 2000, generating 100% renewable energy and supplying electricity and gas across nine countries. The company operates a portfolio of wind and photovoltaic parks in Spain, Portugal, Italy, France, Poland, and Panama, with a total capacity of 1.0 GW. It serves over 455,000 customers in various European countries and leads the SME segment in Iberia.
Average Trading Volume: 326,315
Technical Sentiment Signal: Buy
Current Market Cap: €693.7M
See more insights into ADX stock on TipRanks’ Stock Analysis page.
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