Ares buys 80 percent stake: EDP Renewables stock sits 16.77 percent below its high

Published on 10/15/2026 at 13:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ares took 80 percent of EDPR's portfolio on September 22, 2026. EDP Renewables stock costs EUR 12.21 on October 15, 2026, below its high.

Portfolio sales support the outlook

Ares acquired an 80 percent stake in a 384 MW California portfolio on September 22, 2026.
Recurring EBITDA reached EUR 1.033 billion in the first half of 2026, up 8.00 percent year over year.
EDP Renewables stock traded at EUR 12.21 at 1:38 p.m. CEST at Lang & Schwarz on October 15, 2026.

Schwarzweißfoto von Offshore-Windturbinen und Wartungsschiff auf dem Meer — Schwarzweiße Reportage-Aufnahme eines Offshore-Windparks, passend zu EDP Renováveis S.A., ISIN ES0127797019, im Wind-Sektor, Illustration mit AI erstellt.

EDP Renewables (ISIN ES0127797019) stock was at EUR 12.21 at Lang & Schwarz on October 15, 2026 at 1:38 p.m. CEST, 16.77 percent below its 52-week high of EUR 14.67. Ares acquired an 80 percent stake in a 384 MW California solar and storage portfolio from EDP Renewables on September 22, 2026, according to Ares.

Three transactions shaped 2026

In May 2026, EDP Renewables agreed to sell its Brazilian operations to EDP for EUR 1.5 billion, with closing expected in the fourth quarter of 2026, according to the Yahoo Finance transcript dated July 29, 2026. On July 29, 2026, recurring EBITDA reached EUR 1.033 billion in the first half of 2026, up 8.00 percent year over year, while recurring net profit rose 33.00 percent to EUR 183 million, the same transcript said. On September 22, 2026, Ares acquired the 80 percent stake in the 384 MW portfolio, comprising 200 MW of solar and 184 MW of battery storage, under 20-year contracts, according to Ares.

What does the portfolio add?

The transaction highlights EDPR's asset-rotation model: it retains 20 percent while recycling capital from a contracted project. The portfolio's estimated enterprise value for 100 percent at the start of operations was USD 800.00 million, according to Ares. Management said first-half 2026 asset rotations helped lift recurring EBITDA, while electricity sales decreased 2.00 percent year over year to EUR 1.14 billion, according to Yahoo Finance.

Next date is October 30

The next earnings date listed for EDP Renewables is October 30, 2026. The investor-relations page identifies the first-half 2026 results webcast as having taken place on July 29, 2026, while management said it plans to update the market on its post-2028 outlook in the second quarter of 2027.

Stock remains below its high

EDP Renewables had a market capitalization of EUR 13.3 billion and a 52-week range of EUR 11.10 to EUR 14.67 as of October 14, 2026. The current quote therefore sits 16.77 percent below the upper end of that range. The further course of trading is shown by the continuously updated real-time quote of EDP Renewables stock.