Securing Long-term PPAs Will Ensure Stability Amid Market Changes

AN

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

20 Feb 25

Updated

22 May 26

Views

58

22 May

€8.10

AnalystConsensusTarget's Fair Value

€10.16

20.3% undervalued

1Y

-0.8%

7D

17.9%

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1Y

-0.8%

7D

17.9%

You can edit this narrative until May 23 6:05 PM. Then, changes will post as Updates.

Author's Valuation

€10.1620.3% undervalued

AnalystConsensusTarget Fair Value

Shared on 22 May 26

Fair value Decreased 0.14%

VLTSA: Long Term Clean Power Contracts Will Support Future Returns

Analysts have nudged their price target on Voltalia marginally lower to about €10.16 from €10.17, reflecting small tweaks to inputs such as discount rate and projected future P/E, rather than any major shift in the outlook. What's in the News Voltalia reported first quarter 2026 production of 1,105 GWh, with production curtailment at 113 GWh for the period ended 31 March 2026, compared with 1,121 GWh and 87 GWh respectively a year earlier (Announcement of Operating Results).

0 views

Shared on 27 Apr 26

Fair value Decreased 1.39%

VLTSA: Growing Long Term Solar Contracts Will Support Future Returns

Analysts have slightly reduced their price target on Voltalia from about €10.31 to roughly €10.17, citing updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Voltalia reported first quarter 2026 production of 1,105 GWh, compared with 1,121 GWh for the same quarter a year earlier, with production curtailment at 113 GWh versus 87 GWh. (company announcement) For the fourth quarter of 2025, Voltalia reported production of 1,261 GWh compared with 1,415 GWh a year earlier, and production curtailment of 389 GWh versus 168 GWh. (company announcement) For full year 2025, Voltalia reported production of 4,910 GWh compared with 4,706 GWh a year earlier, and production curtailment of 1,040 GWh versus 876 GWh. (company announcement) The Bolobedu solar farm in South Africa, with installed capacity of 148 megawatts, has reached full commissioning and is planned to supply around 300 GWh per year under a long term contract with Richards Bay Minerals via the Eskom Transmission Network.

0 views

Shared on 06 Apr 26

Fair value Increased 1.87%

VLTSA: Expanding Global Solar Contracts Will Support Future Returns Despite Current Losses

Analysts have nudged their price target for Voltalia higher to about €10.31 from €10.13, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E that lead to a slightly richer valuation framework. What's in the News Voltalia and Renvolt signed a turnkey EPC contract with ESB for the ESB Wexford Hub, a 124.2 megawatt solar power plant in County Wexford, Ireland, followed by an operation and maintenance contract (Key Developments).

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Shared on 26 Feb 26

VLTSA: Growing International Solar Pipeline Will Support Future Returns Despite Current Losses

Analysts have kept their Voltalia price target steady at €10.13, as small technical adjustments to the discount rate, revenue growth outlook, profit margin assumptions, and future P/E estimate did not materially change their valuation view. What's in the News Voltalia and its subsidiary Renvolt signed a turnkey EPC contract for the ESB Wexford Hub, a 124.2 megawatt solar power plant in County Wexford, Ireland.

5 views

Shared on 12 Feb 26

Fair value Decreased 7.87%

VLTSA: Tunisia Solar Pipeline Will Support Future Returns Despite Current Losses

Analysts have adjusted their price target on Voltalia from €10.99 to €10.13, reflecting updated views on higher discount rates, more moderate revenue growth assumptions, lower projected profit margins, and a revised future P/E expectation. What's in the News Voltalia secured the 132 megawatt Wadi solar project in the Gabes region of south east Tunisia, taking its pipeline of projects set to enter construction in the country to nearly 400 megawatts and targeting pooled construction, transport and maintenance costs across nearby sites.

3 views

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

1 view

Shared on 17 Apr 25

Fair value Decreased 2.14%

AnalystConsensusTarget has increased revenue growth from 9.2% to 10.7%.

0 views

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 02 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 19 Mar 25

Fair value Decreased 4.75%

AnalystConsensusTarget has decreased revenue growth from 11.7% to 9.2% and decreased discount rate from 8.4% to 6.7%.

1 view

Shared on 13 Mar 25

Fair value Decreased 1.17%

AnalystConsensusTarget has decreased discount rate from 9.6% to 8.4%.

1 view

Valuator

Company Info

Notes

AnalystConsensusTarget Fair Value

€10.16

20.3% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Est. Revenue

$

Forecast revenue growth rate

7.92%

Historical revenue growth rate

14.48%

Renewable Energy revenue growth rate

0.47%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.21%

Calculation

€51.15m

Earnings '29

x

32.96x

PE Ratio '29

=

€1.69b

Market Cap '29

€1.69b

Market Cap '29

/

131.10m

No. shares '29

=

€12.86

Share Price '29

€12.86 Share Price '29

Discounted to 2026 @ 8.21% p.a.

=

€10.15

Fair Value '26