Ecopetrol S.A. to Acquire 1.3 GW Renewable Energy Portfolio in Colombia

An update from Ecopetrol SA ( (EC) ) is now available.

On May 20, 2025, Ecopetrol S.A. announced the signing of an agreement to acquire a portfolio of solar and wind energy projects in Colombia from Statkraft European Wind and Solar Holding, AS. This acquisition, which includes projects totaling up to 1.3 GW, is part of Ecopetrol’s strategy to enhance its renewable energy capacity and reduce its carbon footprint. The acquisition aligns with Ecopetrol’s 2040 Strategy and aims to incorporate 900 MW of renewable self-generation capacity by 2025, supporting the company’s decarbonization goals and energy transition efforts. This move is expected to diversify Ecopetrol’s energy matrix and reduce reliance on the spot market, thereby strengthening its competitive position in the energy sector.

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 strengths lie in its solid financial performance, particularly its operational efficiency and cash flow generation. Despite high leverage and revenue volatility, the company is attractively valued with a low P/E ratio and high dividend yield, appealing to investors. The earnings call underscored operational strengths and strategic progress, but noted risks from refining margin decreases and tax disputes. Technical indicators suggest neutral to slightly positive momentum.

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, employing over 19,000 people. It is responsible for over 60% of Colombia’s hydrocarbon production and has a significant presence in transportation, logistics, hydrocarbon refining, petrochemicals, and gas distribution. Internationally, Ecopetrol operates in the U.S., Brazil, and Mexico, and holds leading positions in power transmission in Brazil, Chile, Peru, and Bolivia, as well as road concessions in Chile and the telecommunications sector.

Average Trading Volume: 2,771,908

Technical Sentiment Signal: Buy

Current Market Cap: $17.81B

For an in-depth examination of EC stock, go to TipRanks’ Stock Analysis page.