Audax Renovables Advances Share Buyback, Acquiring a Third of Target Shares

The latest announcement is out from Audax Renovables SA ( (ES:ADX) ).

Audax Renovables SA has reported further progress on its previously announced share buyback programme, authorised by shareholders in June 2025, by repurchasing additional shares on the Spanish stock exchange between 30 March and 2 April 2026. The transactions, executed on the XMAD market through Banco Sabadell at prices between roughly €1.34 and €1.48 per share, comply with EU rules governing buyback and stabilisation measures.

Following these latest operations, the company has now acquired 33.4% of the maximum 15 million shares earmarked under the programme, equivalent to about 3.30% of its share capital, for a total outlay of €6.63 million. The ongoing execution of the plan underscores Audax Renovables’ active capital management strategy and may signal confidence in the company’s valuation, with potential implications for earnings per share and the ownership structure as the programme advances.

The most recent analyst rating on (ES:ADX) stock is a Hold with a EUR1.50 price target. To see the full list of analyst forecasts on Audax Renovables SA stock, see the ES:ADX Stock Forecast page.

More about Audax Renovables SA

Audax Renovables SA is a Spanish energy company focused on the generation and commercialisation of electricity from renewable sources. Listed on the Spanish stock exchange under the ticker ADX.MC, the group targets growth in the Iberian and European power markets, combining its own renewable assets with energy retail activities to businesses and households.

Average Trading Volume: 331,714

Technical Sentiment Signal: Buy

Current Market Cap: €657.5M

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