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Spanish developer, builder and operator of solar and battery-storage power plants, mainly in Latin America and Spain.
Spanish developer, builder and operator of solar and battery-storage power plants, mainly in Latin America and Spain.
Develops solar and storage plants, then either sells operating plants to financial investors to recycle capital (asset rotation) or keeps them to sell power under long-term contracts and on open markets, so profit comes in lumps from sales plus a growing base of electricity income. Its Oasis de Atacama storage project in Chile is the flagship.
In one line: A smaller, Latam-focused NextEra Energy Resources.
Moat: narrow (process know-how, installed base). Strong project pipeline and permitting track record in Latam solar, but capital-intensive and competitive.
Headquarters: Madrid, Spain · Founded: 2007 · Employees: 640
Size Grenergy Renovables (GRE.MC) is a Spain Industrials company (Engineering & Construction) with a market value of $2.24B, the 48th largest of 97 Spain companies the cockpit tracks. Shares closed at €72.80 on 6 Nov 2026.
Performance Over six months the shares fell 40.3%, against -15.4% for the median peer and +8.2% for the Spain market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 8.3% over the last twelve months (peer median +6.6%); the operating margin is 23.1% (peer median 5.8%).
Valuation It trades at 18.9× forward earnings against a peer median of 13.5× (5th most expensive of 19).
Capital Return on invested capital runs 0.6 points below its cost of capital (8.8% WACC).
Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €820M | €698M | €532M | €179M | €111M |
| Revenue growth | — | +31% | +197% | +62% | — |
| Gross profit | €238M | €199M | €146M | €114M | €51.3M |
| EBITDA | €242M | €202M | €137M | €103M | €50.3M |
| Net income | €126M | €86.4M | €59.8M | €51.1M | €10.3M |
| Free cash flow | n/a | -€612M | -€298M | -€333M | -€151M |
| Capital expenditure | n/a | €650M | €649M | €366M | €190M |
| Total debt | €1.51B | €1.39B | €935M | €756M | €503M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Grenergy Renovables GRE.MC | $2.24B | -40% | +8% | 23% | 18.9× | n/a |
| Corporacion Acciona Energias Renovables ANE.MC | $8.06B | -7% | -14% | 18% | 21.1× | n/a |
| Solaria Energia y Medio Ambiente SLR.MC | $2.40B | -33% | +26% | 92% | 11.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRE.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.5% | -5.8% | 3rd highest of 21 |
| 6-month return | -40.3% | -15.4% | 2nd lowest of 21 |
| Distance from 52-week high | -46.7% | -33.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +8.3% | +6.6% | 8th highest of 21 |
| Operating margin | 23.1% | 5.8% | 3rd highest of 21 |
| Forward P/E | 18.9× | 13.5× | 5th most expensive of 19 |
| ROIC minus cost of capital | -0.6 pp | +4.4 pp | 9th lowest of 20 |
| EV / EBITDA | 13.3× | 8.7× | 4th most expensive of 15 |
| Net debt / EBITDA | 5.0× | -0.1× | 2nd most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grenergy Renovables GRE.MC | Spain | $2.24B | -40% | +8% | 23% | 18.9× | n/a | n/a |
| Nbcc (india) NBCC.NS | India | $2.23B | -19% | +4% | 6% | 26.0× | 40.1% | +12.9% |
| Penta-Ocean Construction 1893.T | Japan | $2.25B | -29% | +7% | 7% | 8.9× | n/a | n/a |
| IRB Infrastructure Developers IRB.NS | India | $2.18B | -21% | -14% | 27% | 16.0× | 9.2% | +4.2% |
| Yankey Engineering 6691.TW | Taiwan | $2.16B | -16% | +63% | 16% | 9.7× | 2.8% | +33.1% |
| Webuild WBD.MI | Italy | $2.39B | -22% | +2% | -1% | 6.5× | -2.1% | +24.4% |
| Kepco E&c 052690.KS | South Korea | $2.07B | -61% | +8% | 10% | 45.6× | n/a | n/a |
| AF Gruppen AFG.OL | Norway | $2.42B | +13% | +11% | 5% | 16.2× | -9.7% | +3.4% |
| Arcplus 600629.SS | China | $2.43B | -17% | -25% | -3% | 38.4× | n/a | n/a |
| DAI-DAN 1980.T | Japan | $2.05B | -15% | -7% | 14% | 10.2× | -4.4% | +10.2% |
| Hong Kong Zcloud Technology Construction 9900.HK | Hong Kong | $2.03B | +16% | -33% | 0% | n/a | n/a | n/a |
| Per Aarsleff Holding A/S PAAL-B.CO | Denmark | $2.02B | -6% | +14% | 5% | 13.4× | -7.6% | +11.2% |
| Kalpataru Projects International KPIL.NS | India | $2.48B | +6% | +15% | 6% | 18.6× | 14.9% | +16.0% |
| Chongqing Sanfeng Environment 601827.SS | China | $2.00B | -3% | +5% | 27% | 10.4× | -11.4% | +2.4% |
| CSSC Science & Technology 600072.SS | China | $1.99B | -35% | +8% | -37% | n/a | n/a | n/a |
| Sanki Engineering 1961.T | Japan | $1.98B | -12% | +2% | 12% | 11.5× | -6.5% | +6.0% |
| Monadelphous MND.AX | Australia | $1.98B | -4% | +29% | 5% | 22.7× | 5.3% | +9.7% |
| Koninklijke Heijmans HEIJM.AS | Netherlands | $2.55B | -7% | +11% | 6% | 13.5× | 3.9% | +9.7% |
| Shanghai Tunnel Engineering 600820.SS | China | $2.56B | -9% | -9% | 6% | 8.0× | -0.6% | +1.4% |
| NRW NWH.AX | Australia | $1.95B | -17% | +31% | 6% | 13.6× | 8.5% | +14.1% |
| Bilfinger GBF.DE | Germany | $2.57B | -31% | +6% | 5% | 15.5× | -6.7% | +9.4% |