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    ANA   ES0125220311

ACCIONA, S.A.

(ANA)
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Acciona S A : Spain's Ecoener renewables firm gets approval for 200 million euro IPO

04/15/2021 | 11:04am EDT
FILE PHOTO: A tourist protects herself from the sun with a hat as she visits La Mancha windmills during a heatwave in Consuegra, central Spain

MADRID (Reuters) - Spanish renewable energy firm Ecoener received on Thursday regulatory approval for a stock market listing through which it hopes to raise up to 200 million euros ($239.50 million) to develop new projects.

The CNMV market regulator approved Ecoener's plans to sell between 38.5% and 43.5% of its share capital in a range of 5.90 euros to 7.25 euros per share to fund the expansion of wind farms, solar parks and hydroelectric plants.

Scheduled for April 30, the listing would generate gross proceeds of 181.8 million euros, rising to around 200 million euros if an over-allotment option is fully exercised, the company said in its prospectus.

That would give Ecoener company a market capitalisation of between 418 million and 472 million euros.

Founded in 1988 and with a combined installed capacity of 141 megawatts, Ecoener is the latest in a wave of Spanish energy firms to announce plans to go public and capitalise on booming demand for green assets.

It has a further 142 MW under construction and 1.5 GW in planned future developments across 11 countries.

Acciona, a much larger conglomerate, has hired banks to list its renewable unit in a deal expected to value the business at 8 billion euros.

($1 = 0.8351 euros)

(Reporting by Nathan Allen, editing by Andrei Khalip)


© Reuters 2021
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Financials
Sales 2021 7 479 M 8 967 M 8 967 M
Net income 2021 324 M 388 M 388 M
Net Debt 2021 5 851 M 7 015 M 7 015 M
P/E ratio 2021 23,4x
Yield 2021 2,73%
Capitalization 7 568 M 9 171 M 9 074 M
EV / Sales 2021 1,79x
EV / Sales 2022 1,75x
Nbr of Employees 37 459
Free-Float 43,0%
Chart ACCIONA, S.A.
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Technical analysis trends ACCIONA, S.A.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 157,64 €
Last Close Price 138,60 €
Spread / Highest target 30,3%
Spread / Average Target 13,7%
Spread / Lowest Target -7,65%
EPS Revisions
Managers and Directors
NameTitle
José Manuel Entrecanales Domecq Chairman & Chief Executive Officer
José Ángel Tejero Santos Group Chief Financial Officer
Arantza Ezpeleta Puras Chief Technology & Innovation Officer
Vicente Santamaría de Paredes Castillo Area General Manage-Compliance
Jerónimo Marcos Gerard Rivero Independent Director
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