Ecoener shares slide on market debut following trimmed-down IPO

Facebook
Twitter
LinkedIn
Reddit
Email
Grupo Ecoener CEO Luis de Valdivia at the company’s bell ringing ceremony, markings it admission to the Spanish stock exchange. Image: Grupo Ecoener.

UPDATE: Shares in Ecoener continued to fall throughout its maiden day of trading in Spain, closing the day at €5, more than 15% down on its opening price of €5.90.

Spanish renewables developer and independent power producer (IPP) Grupo Ecoener has seen its shares slide on its market debut today.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

At the time of publication shares in the group had slid more than 8% to just over €5.50 after listing on the Spanish stock exchanges earlier today. The slide took Ecoener’s share price below the €5.90 per share guide set by the company last week, with the company having previously set a price range of €5.90 – €7.25.

Ecoener first announced its intent to launch an initial public offering at the start of last month, intending to list on 28 April 2020 and raise up to €200 million. But the company was forced to delay the listing until today (4 May 2021) after it struggled to drum up necessary interest, while also reducing the size of its offer.

Nevertheless, Ecoener chief executive Luis de Valdivia remained bullish ahead of the listing, stressing that the company would now “multiply its steady growth in the renewable energy sector and consolidate its position as a robust, stable, longer-term operator.”

All eyes will now fall to Ecoener’s compatriots Opdenergy and the renewables unit of Spanish energy major Acciona, both of which have outlined plans to launch IPOs following Ecoener.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 24, 2025
Independent power producer (IPP) Recurrent Energy has secured €61.5 million (US$71.4 million) in financing for its Italian renewables portfolio.
June 24, 2025
BluPine Energy has raised INR2,416 million (US$290 million) debt sanctions for its 150MW power project in Aland, Karnataka.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico