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Corporacion Acciona Energias Renovables SA
(BME:ANE)
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Rating:60Neutral
Price Target:
€23.00
▲(7.68% Upside)
Action:Reiterated
Date:08/02/26
The score is held back primarily by weakening operating trajectory (declining revenue and sharply lower profits) and, most importantly, persistently negative free cash flow that increases reliance on external funding. Valuation is a meaningful offset (low P/E and very high dividend yield), but the technical setup is also weak with the stock trading below major moving averages.
Positive Factors
Margin Sustainability
Consistently high gross and EBITDA margins indicate structural cost advantage in generation and project operations. Durable margin levels support profitability through commodity cycles, enabling reinvestment in projects and maintaining competitive operating returns across the asset portfolio.
Negative Factors
Top-line Contraction
A prolonged decline in revenue after the 2021–22 surge reduces scale benefits and visibility on future growth. Shrinking top line pressures utilization of fixed-cost assets, limits incremental margin expansion, and weakens the firm's ability to organically fund new projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Sustainability
Consistently high gross and EBITDA margins indicate structural cost advantage in generation and project operations. Durable margin levels support profitability through commodity cycles, enabling reinvestment in projects and maintaining competitive operating returns across the asset portfolio.
Read all positive factors
Corporacion Acciona Energias Renovables SA (ANE) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€7.05B
Dividend Yield0.14%
Average Volume (3M)465.35K
Price to Earnings (P/E)10.7
Beta (1Y)0.70
Revenue Growth-13.82%
EPS Growth-75.64%
CountryES
Employees2,933
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.57
Shares Outstanding324,761,840
10 Day Avg. Volume310,416
30 Day Avg. Volume465,352
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.25
Price to Sales (P/S)2.49
P/FCF Ratio-12.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€22.75Price Target Upside6.51% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.79
Revenue Forecast (FY)€2.89B
Corporacion Acciona Energias Renovables SA Business Overview & Revenue Model
Company Description
Corporación Acciona Energías Renovables, S.A. engages in the promotion, construction, operation, maintenance, and development of renewable energy projects in Spain and internationally. The company operates onshore wind, photovoltaic solar, solar t...
How the Company Makes Money
ANE makes money primarily by generating and selling electricity produced by its renewable energy assets. Its key revenue stream is power sales into wholesale electricity markets and/or under contracted arrangements (e.g., long-term power purchase ...
Corporacion Acciona Energias Renovables SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.34B | 2.92B | 3.05B | 3.98B | 4.69B | 2.47B |
| Gross Profit | 1.90B | 918.00M | 1.19B | 2.08B | 2.28B | 1.26B |
| EBITDA | 1.03B | 1.51B | 1.08B | 1.41B | 1.60B | 1.02B |
| Net Income | 182.00M | 655.00M | 357.00M | 524.00M | 759.00M | 363.00M |
Balance Sheet | ||||||
| Total Assets | 15.16B | 14.72B | 16.24B | 14.67B | 12.26B | 10.65B |
| Cash, Cash Equivalents and Short-Term Investments | 465.00M | 499.00M | 619.00M | 825.00M | 804.00M | 791.77M |
| Total Debt | 5.01B | 4.71B | 5.44B | 5.01B | 3.04B | 3.00B |
| Total Liabilities | 8.61B | 8.54B | 10.01B | 8.33B | 6.00B | 5.30B |
| Stockholders Equity | 6.20B | 5.84B | 5.84B | 5.85B | 5.87B | 4.98B |
Cash Flow | ||||||
| Free Cash Flow | -260.00M | -596.00M | -949.00M | -1.54B | 212.00M | 144.56M |
| Operating Cash Flow | 427.00M | 383.00M | 681.00M | 364.00M | 1.34B | 865.97M |
| Investing Cash Flow | 9.00M | 412.00M | -1.45B | -1.90B | -1.24B | -707.50M |
| Financing Cash Flow | -334.00M | -843.00M | 522.00M | 1.66B | -114.00M | -7.80M |
Corporacion Acciona Energias Renovables SA Peers Comparison
UnderperformOutperform
Sector (66)
ES:ANE
Corporacion Acciona Energias Renovables SA
20.86
-2.44
-10.45%
ES:ADX
Audax Renovables SA
1.19
-0.16
-12.08%
ES:SLR
Solaria Energia y Medio Ambiente
15.82
3.97
33.50%
ES:HLZ
Holaluz Clidom SA
0.83
-0.39
-32.02%
ES:ENER
Grupo Ecoener SAU
3.96
-0.74
-15.74%
ES:ETC
Energy Solar Tech, S.A.
1.50
-0.90
-37.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.