|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||160.75 - 168.70|
|52 Week Range||86.49 - 179.10|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||19.29|
|Forward Dividend & Yield||2.18 (1.30%)|
|Ex-Dividend Date||Jun 30, 2020|
|1y Target Est||N/A|
A separate listing for Acciona’s renewable energy business is as much about the green-eyed monster as it is the green revolution. The Spanish conglomerate headed by José Manuel Entrecanales advanced its plans to sell at least a quarter of the division on Thursday, appointing bankers including Goldman Sachs. The buzz around green energy stocks should deliver a valuation that will help Acciona to pay down its debts.
Spanish conglomerate Acciona is stepping up preparations for a stock market listing of its renewable energy unit and has hired banks to lead the deal expected to value the business at more than 8 billion euros ($9.6 billion). Acciona said late on Wednesday that Citi, JP Morgan, Goldman Sachs, Morgan Stanley and Bestinver Securities have been asked to organise the listing, confirming an earlier Reuters report. "The perimeter of the new company will include Acciona’s entire energy business, excluding its stake in wind turbine manufacturer Nordex," Acciona said.
Plug Power and Spain's Acciona unveiled a plan to create a green hydrogen platform for clients in Spain and Portugal. Acciona, the Madrid green-energy-infrastructure builder, and Plug Power, the Latham, N.Y., producer of fuel-cell tech and systems, said their 50-50 joint venture would develop, operate and maintain green hydrogen projects on the Iberian Peninsula in Western Europe. The venture is part of Plug Power's effort to establish a "strong presence in the fast-growing European hydrogen economy," the company's chief executive, Andy Marsh, said in a statement.