SAETA YIELD

Saeta Yield SA is a Spain-based company engaged in the utility industry. The Company specializes in the production of energy from renewable sources. Its business activities are divided into two segments: Solar thermal plants and Wind farms. The Solar thermal plants segment comprises solar energy generation installations in Spain. The Wind farms sector is responsible for the operation of a range of wind farms located in various countries, including Spain, Uruguay and Portugal. It cooperates with Actividades de Construccion y Servicios SA (ACS). Furthermore, the Company is a parent of a number of entities, such as Extresol 1 SL, Al-Andalus Wind Power SL, Parque Eolico Valcaire SL, which are active within the energy production sector.
  • TickerA14NV1
  • ISINES0105058004
  • CountrySpain

Analysts

Expert Corporate Governance Service (ECGS)

proxy report 27/06/2018

In item 4, shareholders are called to an advisory vote on the Annual Remuneration Report. The overall remuneration amounts are reasonable, the cash bonus is capped at 50% of the fixed remuneration and severance payments are equal to 2 years of cash remuneration (fixed plus bonus). However, we strongly regret that the Company has adopted a stock option plan not depending on any performance conditions, and 60% of the annual cash bonus depends on a qualitative assessment of the Nominations and Remuneration Committee. Furthermore, the CEO's variable remuneration depends more on annual than long-te...

Pedro Echeguren

Saeta Yield: Suspension of coverage

Saeta Yield’s shares have been suspended from trading by the regulator as a prior move to delisting the stock following the successful take-over of the company.

SAETA YIELD sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of SAETA YIELD (ES), a company active in the Alternative Electricity industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date June 19, 2018, the closing price was EUR 12.18 and its potential was estimated at EUR 13.48.

Pedro Echeguren

Saeta Yield 1Q18 results results: driven by generation and acquisitions

Saeta Yield 1Q18 results results: driven by generation and acquisitions Strong growth driven by higher production and inorganic growth The take-over bid closes on 1st June 2018 We recommend to accept the bid

Jorge Guimarães

Iberian Energy Markets: April: A wet Spring

Iberian electricity demand reached 24TWh in Apr-18, +6.5% yoy, with YTD demand up 4% yoy. Rainfall levels were significant – like in March -, which allowed companies to replenish reservoirs (water reserves in Portugal and Spain are now close to 10Y avg levels) and produce 7.3TWh from hydro, more than doubling the Apr-17 output, and 21% above the 2013/17 April monthly avg. YTD hydro output is now 58% up yoy, but still 10% below the 5Y avg. Following a very strong March, wind output was more normalized at 5.5TWh, but still up 7.6% yoy (YTD wind production is up nearly 19% yoy). With strong hydro...

Pedro Echeguren

Saeta Yield: Suspension of coverage

Saeta Yield’s shares have been suspended from trading by the regulator as a prior move to delisting the stock following the successful take-over of the company.

SAETA YIELD sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of SAETA YIELD (ES), a company active in the Alternative Electricity industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date June 19, 2018, the closing price was EUR 12.18 and its potential was estimated at EUR 13.48.

Pedro Echeguren

Saeta Yield 1Q18 results results: driven by generation and acquisitions

Saeta Yield 1Q18 results results: driven by generation and acquisitions Strong growth driven by higher production and inorganic growth The take-over bid closes on 1st June 2018 We recommend to accept the bid

Jorge Guimarães

Iberian Energy Markets: April: A wet Spring

Iberian electricity demand reached 24TWh in Apr-18, +6.5% yoy, with YTD demand up 4% yoy. Rainfall levels were significant – like in March -, which allowed companies to replenish reservoirs (water reserves in Portugal and Spain are now close to 10Y avg levels) and produce 7.3TWh from hydro, more than doubling the Apr-17 output, and 21% above the 2013/17 April monthly avg. YTD hydro output is now 58% up yoy, but still 10% below the 5Y avg. Following a very strong March, wind output was more normalized at 5.5TWh, but still up 7.6% yoy (YTD wind production is up nearly 19% yoy). With strong hydro...

Jorge Guimarães

Iberian Energy Markets: March: finally the skies opened

Electricity demand reached 26.8TWh in Mar-18, +5.5% yoy, influenced by the cold weather in Iberia (coldest March since 2000 in Portugal; third coldest since 2001 in Spain), bringing 1Q18 demand evolution to +3.3% (3.4% above the 5Y avg). High rainfall levels in March (about 4x/3x March avg in Portugal/Spain respectively) finally alleviated the drought in Iberia over the last year, with hydro output up 81% yoy to 7.2TWh, 15% above the 5Y avg. 1Q18 hydro output was up 28% yoy, but still 21% below the 5Y avg. Wind output was also very strong in March, up 62% yoy to 9.6TWh (highest monthly output ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

proxy report 27/06/2018

In item 4, shareholders are called to an advisory vote on the Annual Remuneration Report. The overall remuneration amounts are reasonable, the cash bonus is capped at 50% of the fixed remuneration and severance payments are equal to 2 years of cash remuneration (fixed plus bonus). However, we strongly regret that the Company has adopted a stock option plan not depending on any performance conditions, and 60% of the annual cash bonus depends on a qualitative assessment of the Nominations and Remuneration Committee. Furthermore, the CEO's variable remuneration depends more on annual than long-te...

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