This is not the exercise of renewable energies on the stock market. Within the Ibex 35, this is demonstrated by the behavior of the shares of Solaria and Acciona Energía, which have lost more than 39% and 26% of their stock market value respectively during the year, placing them at the bottom of the Spanish index. in 2024. . Experts do not believe, in fact, that their prices will be able to become positive again in the remaining months of the year.because even though they have a potential of more than 20% in both cases, these are insufficient to erase the losses of 2024. The truth is that, beyond them, they trust in renewable energy companies that are listed outside the Ibex: Soltec, Ecoener, Greening, Grenergy and Audax Renovables. These double on average the upward potential of Solaria and Acciona Energía for the coming months and are also accompanied by stock market buy recommendations..
Soltec, a manufacturer of solar trackers, is the one with the greatest upside potential in the coming months. The consensus of experts collected by FactSet even expects the company to more than double its stock market value, calculating for its actions a path of 115%With this potential for revaluation, the Murcian company could erase the losses of more than 40% that it is accumulating on the Spanish stock market in 2024.
During this year, the firm was struck by the distrust aroused by its own auditor who questioned the group’s ability “to continue its activities”. In fact, after presenting its profits in the 2023 income statement, the renewable energy company was forced to modify its figures due to discrepancies with its auditor, EY, and with these changes, the previous year’s profit became negative. However, the company managed to reverse this situation and presented positive profits in its latest results in what was the best first quarter in its history (its fiscal year begins in February). Overall, analysts recommend buying its shares and believe that the company will cease 2024 financial year with a net profit of nearly 30 million euros.
The upside potential that experts project for shares of Ecoener, a company that builds and operates hydroelectric plants, wind farms and solar photovoltaic plants, is just over 40%. This company also suffers red numbers in a bagwith falls of just over 10% in 2024, but the sign that experts are also clinging to is to buy its shares.
Analysts’ estimates for the upward trajectory of Greening and Grenergy are 31% and 25% respectively. Unlike the others, the price of the first one manages to register an annual increase of almost 26% and, however, this is also done with the best buy recommendation among these companies. For its part, Grenergy (which is the largest, with Audax, of these companies by its capitalization, exceeding a billion in stock market value) has fallen by 4% on the Stock Exchange since January, but With its potential, it could return to positive ground on the stock market.
Audax Renovables takes over the lowest upside potential on this list, but it does so after being revalued in the Spanish market by almost 47% since the beginning of the year. Its 2023 accounts were historic, quadrupling the previous year’s result (it went from less than 8 million euros to more than 31 million) and aroused optimism among investors. Now, the renewable energy company controlled by businessman José Elías still has a potential increase of 15% on the stock market in the coming months. Experts expect that in the 2024 financial year, net profit will be close to 48 million and continue to recommend buying its shares.
