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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  Galp Energia, SGPS, S.A.    GALP   PTGAL0AM0009

GALP ENERGIA, SGPS, S.A.

(GALP)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 04/08 03:10:52 pm
10.058 EUR   +0.33%
03:33aGALP ENERGIA SGPS S A : Trading update - 1Q - 2020
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03:13aGALP ENERGIA SGPS S A : Recent developments & 1Q20 Trading Update
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04/03GALP ENERGIA : quaterly sales release
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Galp Energia : , ACS Reach EUR2.2 Billion Solar Energy Deal

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01/23/2020 | 01:46am EDT

By Pietro Lombardi

Galp Energia and Actividades de Construccion y Servicios SA (ACS.MC) have reached a 2.2 billion-euro ($2.43 billion) deal that Galp claims will make it the main solar-power producer in the Iberian region.

Under the deal, the Portuguese energy company will buy ACS's stake in photovoltaic energy projects in Spain, the companies said late Wednesday.

The deal includes existing plants and projects that will be developed in coming years, for a total capacity of 2.9 gigawatts by 2023, according to Galp. The energy produced will be enough to power 1.8 million households, it said.

The total value of the deal through 2023 is EUR2.2 billion, the Portuguese company said.

Galp expects the transaction to be completed in the second quarter, when it will pay EUR450 million and assume liabilities of about EUR430 million.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A. 9.22% 19.845 End-of-day quote.5.95%
GALP ENERGIA, SGPS, S.A. -0.55% 9.97 Delayed Quote.-32.72%
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Financials (EUR)
Sales 2020 13 738 M
EBIT 2020 953 M
Net income 2020 332 M
Debt 2020 2 936 M
Yield 2020 7,29%
P/E ratio 2020 23,8x
P/E ratio 2021 12,7x
EV / Sales2020 0,82x
EV / Sales2021 0,67x
Capitalization 8 268 M
Chart GALP ENERGIA, SGPS, S.A.
Duration : Period :
Galp Energia, SGPS, S.A. Technical Analysis Chart | GALP | PTGAL0AM0009 | MarketScreener
Technical analysis trends GALP ENERGIA, SGPS, S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 13,61  €
Last Close Price 10,03  €
Spread / Highest target 64,6%
Spread / Average Target 35,8%
Spread / Lowest Target -10,2%
EPS Revisions
Managers
NameTitle
Carlos Nuno Gomes da Silva Vice Chairman & Chief Executive Officer
Paula Fernanda Ramos Amorim Chairman
Carlos Manuel Costa Pina Co-Chief Operating Officer & Executive Director
José Carlos da Silva Costa Co-Chief Operating Officer & Executive Director
Thore E. Kristiansen Co-Chief Operating Officer & Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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