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Grenergy Renovables S.A
(BME:GRE)
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Rating:45Neutral
Price Target:
€100.00
▼(-13.34% Downside)
Action:Reiterated
Date:07/10/26
The score is held back primarily by weak cash generation (deeply negative free cash flow) and high leverage, alongside a sharp TTM revenue decline. Technicals also remain bearish with price below key moving averages and negative MACD, despite oversold readings. Valuation is not supportive given the high P/E and no dividend yield provided.
Positive Factors
Diversified renewable value chain
Grenergy’s integrated model (development, EPC, asset sales and operations) provides multiple durable revenue pathways. This reduces reliance on a single cash flow source, supports margin capture across project lifecycle, and helps scale pipeline monetization over months to years.
Negative Factors
High leverage
Very high debt-to-equity limits financial flexibility and raises refinancing and interest-rate vulnerability. In a capital-heavy renewables rollout, elevated leverage increases the chance of covenant pressure or higher funding costs if revenues or project monetizations slow, persisting as a structural risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified renewable value chain
Grenergy’s integrated model (development, EPC, asset sales and operations) provides multiple durable revenue pathways. This reduces reliance on a single cash flow source, supports margin capture across project lifecycle, and helps scale pipeline monetization over months to years.
Read all positive factors
Grenergy Renovables S.A (GRE) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€2.89B
Dividend YieldN/A
Average Volume (3M)58.28K
Price to Earnings (P/E)52.8
Beta (1Y)0.22
Revenue Growth-12.25%
EPS Growth-32.76%
CountryES
Employees640
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2.00
Shares Outstanding28,579,733
10 Day Avg. Volume41,243
30 Day Avg. Volume58,282
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)5.93
Price to Sales (P/S)2.30
P/FCF Ratio-4.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€146.33Price Target Upside26.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.51
Revenue Forecast (FY)€810.88M
Grenergy Renovables S.A Business Overview & Revenue Model
Company Description
Grenergy Renovables, S.A., together with its subsidiaries, engages in the renewable energy business in Spain, Italy, the United Kingdom, Poland, Germany, Romania, Chile, Peru, Colombia, Argentina, Mexico, and the Unites States. It operates through...
How the Company Makes Money
Grenergy makes money primarily through (1) selling electricity generated by its renewable assets and (2) monetizing its project pipeline through asset sales/rotations.
1) Electricity sales from operating assets: Once solar PV plants (and, where a...
Grenergy Renovables S.A Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
44
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 685.70M | 1.07B | 531.58M | 179.14M | 110.58M | 82.51M |
| Gross Profit | 128.14M | 192.40M | 192.04M | 144.26M | 79.65M | 55.05M |
| EBITDA | 149.91M | 201.20M | 143.97M | 105.31M | 50.15M | 34.92M |
| Net Income | 56.83M | 87.00M | 59.82M | 51.07M | 10.30M | 16.31M |
Balance Sheet | ||||||
| Total Assets | 2.43B | 2.16B | 1.88B | 1.27B | 886.98M | 604.81M |
| Cash, Cash Equivalents and Short-Term Investments | 450.60M | 348.60M | 375.02M | 122.03M | 117.64M | 76.63M |
| Total Debt | 1.68B | 1.46B | 1.01B | 752.21M | 502.73M | 333.67M |
| Total Liabilities | 2.01B | 1.75B | 1.40B | 922.61M | 642.17M | 446.10M |
| Stockholders Equity | 427.30M | 415.30M | 473.98M | 343.97M | 245.05M | 159.32M |
Cash Flow | ||||||
| Free Cash Flow | -565.37M | -612.35M | -298.07M | -333.11M | -151.58M | -184.43M |
| Operating Cash Flow | 51.61M | 37.84M | 350.72M | 33.23M | 38.40M | 13.73M |
| Investing Cash Flow | -498.55M | -450.07M | -301.29M | -268.71M | -199.24M | -200.63M |
| Financing Cash Flow | 676.81M | 377.39M | 219.07M | 254.28M | 199.74M | 235.32M |
Grenergy Renovables S.A Technical Analysis
Negative
115.40
Price Trends
118.57
Negative
115.69
Negative
97.98
Positive
Market Momentum
-3.65
Positive
37.46
Neutral
13.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:GRE, the sentiment is Negative. The current price of 115.4 is above the 20-day moving average (MA) of 110.79, below the 50-day MA of 118.57, and above the 200-day MA of 97.98, indicating a neutral trend. The MACD of -3.65 indicates Positive momentum. The RSI at 37.46 is Neutral, neither overbought nor oversold. The STOCH value of 13.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:GRE.
Grenergy Renovables S.A Peers Comparison
UnderperformOutperform
Sector (63)
ES:GRE
Grenergy Renovables S.A
105.40
40.30
61.90%
ES:UBS
Urbas Grupo Financiero, S.A.
0.01
0.00
0.00%
ES:GSJ
Grupo Empresarial San Jose, S.A.
8.39
2.43
40.75%
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.