Solaria has lost positions today, Monday (-4.06%) after shooting up nearly 10% on Friday after 'Bloomberg' will publish that the company has received unsolicited purchase offersbut what He has rejected them since they did not pay what was sought.
Banco Sabadell, in its market report this Monday, addresses this issue and recognizes that It is «complicated» for a takeover bid for Solaria to go ahead to the extent that its main shareholder (Díaz Tejeiro family, with 35% of the capital) has already commented on several occasions that the stock is undervalued, even at levels of 20 euros per share. It should be noted that Solaria is currently trading at 12.38 euros after dropping around 30% during the year. «Anyway, We do not rule out other possible operationssuch as the entry of a shareholder or some type of alliance to support the expansion of the company in the face of the difficulty that the renewable sector is experiencing in terms of installing new capacity,» indicate the bank's experts. They add that, without further details, they It is difficult to assess these possibilities, «but in any case they serve to reinforce our opinion that the value is very cheap«. Sabadell has a council of 'overweight' Solaria, with a target price of 15 euros.
We remember that, in addition to reporting on the rejected offers, 'Bloomberg' indicated in its news on Friday that It is unclear whether the offers would have been rejected outright or whether Solaria would be exploring strategic options.. In addition, it should also be noted that, in a report from the French manager Oddo Bhf last week, it was stated that the acquisition of Solaria by Endesa «makes strategic and financial sense.»