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Audax Renovables SA ( (ES:ADX) ) has provided an update.
Audax Renovables has announced the incorporation of the Yechar photovoltaic project in Murcia, Spain, which will add 112.2 MWp to its renewable energy portfolio, expected to be operational by the end of 2027. The company has also decided to abandon certain projects in Italy due to technical and economic challenges, but overall, its total project portfolio will increase from 955 MW to 1,037 MW, reinforcing its position as a leading player in the European renewable energy sector.
More about Audax Renovables SA
Audax Renovables, S.A. is a vertically integrated Spanish energy group focused on generating 100% renewable energy. The company supplies electricity and gas to customers across seven European countries, emphasizing its commitment to the energy transition and sustainability.
YTD Price Performance: 4.65%
Average Trading Volume: 335,637
Technical Sentiment Signal: Strong Buy
Current Market Cap: €735.5M
For detailed information about ADX stock, go to TipRanks’ Stock Analysis page.