Companies

Companies, Relevant News Item 4th September 2025

Solaria to install 1,100 MWh of batteries in Spain, potentially generating annual EBITDA of around €11-13 million

Intermoney | Solaria (Buy, PO £13) announced yesterday after the market closed that it has agreed to purchase batteries with a total energy capacity of 1,102 MWh, involving an investment of around £80 million. The company reports that installation will begin progressively from December. The equipment will be operated automatically using AI-based energy management software. Assessment: According to data provided by Solaria, the investment in batteries represents a ratio of…

Companies 4th September 2025

Trump could revoke Iberdrola’s permits to develop two offshore wind farms off Massachusetts coast, €6.86 billion investment

Bankinter | The US government could withdraw authorisation to build and operate the New England Wind 1 and 2 offshore wind farms off the coast of Massachusetts, threatening the continuity of projects involving Avangrid, Iberdrola’s US subsidiary. Together, they could represent investments of $8 billion (€6.86 billion). According to the White House, this measure is part of the need to ‘ensure that the United States can maintain a strong fishing…

Companies 4th September 2025

Aena forecasts new record number of scheduled seats for winter season, with 2.1% increase

Norbolsa | The public company has announced a new record for scheduled seats for the coming winter season, with 2.1% more seats than in the previous season. The company has also reported that the June-August period was the best ever in terms of passengers, operations and cargo. Between June and August, Spanish airports recorded more than 89 million passengers, an increase of 3.3% compared to 2024. In the same period,…

Companies 4th September 2025

Airbus delivers estimated 60 aircraft in August compared to 67 in July, total deliveries for 2025 down 3%

Banco Sabadell | According to Reuters, Airbus delivered around 60 aircraft in August (compared to 47 in August 2024 and 67 in July 2025). If this figure is confirmed, it would bring the total number of deliveries in 2025 to around 433 aircraft compared to 447 aircraft in the same period in 2024; down 3%). Assessment: pending confirmation of the final number of deliveries in the coming days, the preliminary…

Companies 3rd September 2025

ACS plans major restructuring to reduce costs and simplify structure

Alphavaue / Divacons | The Spanish construction company has hired an international consulting firm to design a reorganisation that could cut head office expenses by up to 30%. For years, ACS and its German subsidiary Hochtief have maintained high administrative costs compared to their profits, leading investors to apply discounts when valuing the group. Management is now seeking a more agile configuration to deal with global uncertainty, although the share…

Companies 3rd September 2025

Indra to carry out Temporary Share Buyback Programme for maximum amount of €9.87 million from today until 11 September

Link Securities | The company announced yesterday in a Relevant Fact sent to the National Securities Market Commission (CNMV) that, under the authorisation granted by the General Shareholders’ Meeting for the derivative acquisition of treasury shares, the Board of Directors has agreed to carry out a Temporary Share Buyback Programme with the following characteristics: • The purpose of the Programme is to enable the company to comply with its obligations…

Companies, Ibex 3rd September 2025

Redeia: poised for upside after EPS downgrades due to disappointing regulatory proposal; recommendation raised to Overweight

Morgan Stanley | Our analyst Arthur Sitbon changes Redeia’s recommendation to OW, seeing the shares poised for a rebound after discounting regulatory and blackout risks. He notes that its underperformance has been partly due to negative EPS revisions following a disappointing regulatory proposal, which now sets a floor for expectations, although he does not expect major changes in his base case scenario. He identifies an earnings inflection point in 2025,…

Companies, Markets 3rd September 2025

eDreams reiterates goal of more than 1 million new PRIME members in 2026, but cuts free cash flow forecast

Singular Bank | The company reported first-quarter results for fiscal year 2026 in line with expectations, confirming its targets for the year in terms of PRIME member growth and Cash EBITDA generation, although with a decline in free cash flow due to higher taxes and refinancing costs. The PRIME base increased by 205,000 members to 7.5 million, at the high end of the guidance, and the revenue margin grew by…

Companies, Markets 3rd September 2025

Telefónica considers delisting from NYSE with aim of saving costs and simplifying business

Bankinter | The company could delist from the New York Stock Exchange (NYSE). According to the media, the measure will be announced in the new strategic plan scheduled for November and is in line with the objective of saving costs and simplifying the business. The reporting and regulatory compliance requirements of the NYSE are high, and Telefónica believes that the return does not offset the costs. Analysis team’s view: We…

Companies, Relevant News Item 2nd September 2025

Iberdrola leads bid for Australian electricity grid worth estimated €2.24 billion

Banco Sabadell | According to press reports, the Spanish energy company is leading the bid for the VNI West project in Australia, an electricity transmission line with an estimated value of €2.24 billion. Iberdrola is competing in a consortium with Australian companies Capella Capital and AusNet. The project faces public opposition due to the overhead route, which has delayed its launch until at least 2030. Assessment: Positive news if confirmed,…

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