The analysts of Bankinter give a advice of ‘neutral‘for acting and an objective price of 179 euros per action which is a 8.35% bullish potential Facing the closing of yesterday Thursday. The shares rise today to half a session to 1.03% to 166.90 euros in the IBEX 35.
After one 52% increase in the year«We maintain the vision of neutral,» explains the Aránzazu well analyst. «The evolution in the stock market in what we have been very positive, favored by the good behavior of Nordex and the infrastructure division, the recovery of the price of the pool in Spain, the cuts of the types of the ECB – which benefits the companies with strong investment plans and high indebtedness as active – and the sales of assets – which help reduce the leverage -.»
From here, «we see less catalysts who can boost the action significantly and a more limited revaluation potential. ”
As highlighted in its good report, «the improvements in the Infrastructure Division and in Nordex (ACTION has 47%) continue.» The aggregate infrastructure portfolio advances a +7% since December 2024 and reaches a new historical maximum. Nordex grows in portfolio and profitability. The portfolio of the turbine subsidiary is 12% higher than December and the Ebitda margin reaches 5.7% vs. 4.1% in 2024. These improvements are reflected in the price of the Nordex action that rises a +87% in the year.
In the real estate division the value of the assets (GAV) rises +8% compared to December and the pre-sale portfolio another +4%. These improvements will allow the contribution of these divisions to the EBITDA of the group to grow double digit in 2026 by promoting growth in ACCION results.
On the other hand, «in Actiona Energía will moderate the growth rate,» believes Bankinter’s expert. The operational Ebitda this year will remain at levels similar to 2024 and for 2026 it will be difficult for us to see significant growth. On the one hand, capturing an average price above € 60/MWh estimated by 2025 will be a complicated task. Futures and most long -term sale contracts (PPA) are close to this level. Well, he considers that «a more conservative investment policy could make it difficult to get an advance in consolidated production next year that compensates for the output of asset sale.»