Voltalia

Voltalia increased first-half revenue to EUR 331m (+30%) and EBITDA to EUR 110m (+35%), but now expects a full-year group net loss of EUR 43m. Management confirmed the EBITDA guidance for 2026 (EUR 210–230m) and streamlined the pipeline to 12 GW, focusing more on quality than volume. Headwinds included higher external financing costs, losses in Brazil and restructuring charges; liquidity stood at EUR 343m and gross debt at EUR 2.715bn. As a result, the stock fell after the release; the company maintains its medium-term operational targets and a disposal program for 2027. » Więcej na de.investing.com

Voltalia raised revenue in the second quarter by 35% to €198 million. Energy revenue climbed 40% to €118.2 million, supported by newly commissioned capacity in South Africa and Uzbekistan and a €17 million compensation payment in Brazil. The company lowered its year‑end capacity target from about 3.7 GW to 3.6 GW due to more selective project initiation, but confirmed its 2026 guidance and reported growth in its services divisions. » Więcej na de.investing.com

Voltalia shares fell more than 11% to €6.80 after Morgan Stanley downgraded the stock from "Equal-Weight" to "Underweight" and cut its price target from €8 to €7. The bank cited a valuation high versus peers (EV/EBITDA >14x), substantial debt and operational risk from the Brazil exposure, where a 23% curtailment hit in 2025. Morgan Stanley trimmed its 2026 EBITDA forecast by 19% to €229m and sees bear/base/bull scenarios of €4/€7/€12; the consensus price target stands at €11.20. » Więcej na de.investing.com