Acciona, ES0125220311

EQT and Norges bid for Acciona Energia. Acciona stock sits 26.00 percent below its high

Published on 10/01/2026 at 09:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Acciona Energia is 91.10 percent owned by Acciona. Acciona stock costs EUR 210.90 on October 1, 2026 after EUR 212.50.

Windpark und Solarpanels bei Sonnenuntergang, Symbolbild für Acciona S.A. Erneuerbare-Energien-Anlagen — Fotorealistisches Bild zeigt Windpark und Solaranlage von Acciona S.A., Aktie mit ISIN ES0125220311 gelistet, Illustration mit AI erstellt.

EQT and Norges Bank Investment Management formed a consortium to bid for Acciona Energia, while Acciona stock was 26.00 percent below its EUR 285.00 52-week high on October 1, 2026. As Reuters reported on September 15, 2026, the consortium is competing with Ardian in a sale process for the renewable-energy subsidiary.

Bids move toward mid-October

Acciona owns 91.10 percent of Acciona Energia, and the bidders are seeking the entire company, according to Reuters. EQT represents 75.00 percent of the consortium and Norges Bank Investment Management the remaining 25.00 percent.

The process has moved beyond non-binding offers. Acciona Energia is arranging meetings with leading candidates before bidders submit price proposals in October, with a preferred bidder and exclusive negotiations expected to follow, Reuters reported.

First-half numbers show the split

Acciona's investor page states that the company released its first-half 2026 results on July 30, 2026. The results showed why the sale process matters for the group: consolidated revenue reached EUR 10.1 billion in the first half of 2026, up 10.00 percent year over year, while EBITDA was EUR 1.2 billion.

According to Yahoo Finance in the July 31, 2026 earnings transcript, infrastructure revenue increased 12.00 percent to EUR 4.5 billion in the first half, with an 8.60 percent EBITDA margin. Acciona Energia revenue fell 12.00 percent to EUR 1.2 billion, and its EBITDA declined 57.00 percent to EUR 388.0 million.

Debt reduction remains central

Management reiterated full-year 2026 EBITDA guidance of EUR 2.8 billion to EUR 3.1 billion and net leverage below three times net debt to EBITDA in the same transcript. Net debt was EUR 8.2 billion at the end of the first half, while the company expects asset sales and project execution to support deleveraging.

The ownership structure gives Acciona a direct financial interest in the outcome, while the timetable creates a defined event window for the subsidiary. The counterweight is execution: the final price, transaction structure and effect on Acciona's debt profile remain tied to the bids submitted in October.

Acciona stock stays below yearly high

Acciona stock was trading at EUR 210.90 at Lang & Schwarz on October 1, 2026 at 9:08 a.m. CEST, down 0.75 percent versus the prior close of EUR 212.50. Its EUR 11.5 billion market capitalization and EUR 165.00 to EUR 285.00 52-week range were dated September 30, 2026; the current price was 26.00 percent below the high. The further course of trading is shown by the continuously updated real-time quote of Acciona stock.