Corporacion Acciona Energias Renovables SA

ANE: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Takeover Speculation Supports Acciona Energia's Share Price

Tancrede Fulop

Sep 29, 2026

Business Strategy and Outlook

A renewables developer, Acciona Energia, was spun off from the Spanish industrial conglomerate Acciona in July 2021. The floating share is 8.9%. The rationale of the IPO was to revive capacity growth that had been subdued since a 2013 regulatory change in Spain drove a sharp cut in renewables' returns.

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Corporacion Acciona Energias Renovables SA

Takeover Speculation Supports Acciona Energia's Share Price

Business Strategy and Outlook

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