Acciona: Stifel initiates coverage with 'buy' rating

(CercleFinance.com) - Stifel has begun to monitor Acciona Energía shares with a 'buy' recommendation and a target price of 37 euros, believing that the group "could deliver double-digit growth in both EBITDA and net profit over the period 2021-26".


The broker points out that the electricity producer, which operates 11 GW of renewable capacity worldwide, "has been at the forefront of the renewables industry since the 1990s, both technologically and commercially".

Acciona plans to double its capacity by 2025, a "highly achievable" target according to Stifel, as it is "supported by the “under construction/secured” and “highly visible” pipelines".


Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.