Bankinter | Acciona Energia (ANE) and Engie are reportedly in the final phase of negotiations to close the transfer of assets that include a portfolio of 680MW in wind and photovoltaic projects, according to press reports. The transaction could be worth up to €500m. The sale transaction has been open for more than six months. Numerous groups, from pure energy companies to investment funds specialising in renewables, have expressed interest…

Renta 4: The fall from the highs of 2022 has developed in five bearish waves, stopping at €100, leaving historical oversold readings, as well as significant bullish divergences, typical of a rebound of some importance. We would expect a recovery of at least 38% of the fall, which would coincide with the resistance zone formed by the December highs at €139, levels close to the analysts’ consensus targets. The support…

Intermoney | Acciona (Buy, PO €200) and Acciona Energía (Buy, PO €29) have published their 3-month trading statements (TS), in which they do not provide P&L data, only operational data. The companies will not hold conference calls. Acciona Energy’s key operating data is shown in the attached table, along with our forecasts for 2024e as a whole. Overall, ANE expects to reach its capacity increase target of 1,700 MW in…