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Ecopetrol SA ( (EC) ) has shared an update.
Ecopetrol S.A. has completed the acquisition of Wind Autogeneración S.A.S., the owner of the Windpeshi renewable energy wind project in La Guajira, Colombia. Approved by Ecopetrol’s Board in December 2024, the acquisition aligns with the company’s energy transition strategy, marking its first non-conventional renewable energy project. The Windpeshi project, with a capacity of 205 MW, will contribute significantly to Ecopetrol’s energy demand and decarbonization efforts, reducing CO2 emissions by approximately 4.8 million tons. Ecopetrol plans to restart construction by the end of 2025, aiming for operational status before 2028, and will engage with local Wayuu communities to ensure successful project development.
The most recent analyst rating on (EC) stock is a Sell with a $9.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
Spark’s Take on EC Stock
According to Spark, TipRanks’ AI Analyst, EC is a Outperform.
Ecopetrol’s strong technical indicators and attractive valuation drive its high overall score, offering potential for growth. Solid financial performance supports the outlook, though challenges like high leverage and market volatility must be managed.
To see Spark’s full report on EC stock, click here.
More about Ecopetrol SA
Ecopetrol is the largest company in Colombia and a leading integrated energy company in the Americas, with over 19,000 employees. It is responsible for more than 60% of Colombia’s hydrocarbon production and holds significant positions in petrochemicals, gas distribution, and energy transmission. Internationally, Ecopetrol operates in strategic basins in the United States, Brazil, and Mexico, and is involved in power transmission, road concessions, and telecommunications in several Latin American countries.
Average Trading Volume: 2,559,713
Technical Sentiment Signal: Strong Buy
Current Market Cap: $18.86B
For an in-depth examination of EC stock, go to TipRanks’ Overview page.