Análisis de

valores

Noviembre-2020

Gonzalo Crespo
 Resumen
Especial energías renovables

Las empresas analizadas son las siguientes:

✓ Sunrun (US | energía)

✓ Plug Power (US | energía)
✓ Ballard POwer System (US | energía)
✓ Enphase Energy (US | energía)
✓ First Solar (US | energía)
✓ Brookfield Renewable Partners (US | energía)
✓ Solaria (ES | energía)
✓ Iberdrola (ES | energía)

Análisis de valores – Mayo 2020 2

 SUNRUN
Perfil:
Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of
residential solar energy systems in the United States. It also sells solar energy systems and
products, such as panels and racking, as well as solar leads generated to customers. In addition,
the company offers battery storage along with solar energy systems. Its primary customers are
residential homeowners. The company markets and sells its products through direct-to-consumer
approach across online, retail, mass media, digital media, canvassing, field marketing, and
referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is
headquartered in San Francisco, California.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return
Avg m. return
STD

Recomendaciones (yahoo):

Conclusiones:
- ...

Análisis de valores – Mayo 2020 3

 PLUG POWER
Perfil:
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and
stationary power markets in North America and Europe. It focuses on proton exchange membrane
(PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related
hydrogen storage and dispensing infrastructure.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return
Avg m. return
STD

Recomendaciones (yahoo):

Conclusiones:

- …

Análisis de valores – Mayo 2020 4

 BALLARD POWER SYSTEMS
Perfil:
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of
proton exchange membrane fuel cell products. The company offers heavy duty modules, fuel cell
stacks, backup power systems, and portable power/ unmanned aerial vehicles (UAV), and
material handling products. It also provides technology solutions comprising engineering services
and technology transfer services, as well as licenses and sells intellectual property portfolio and
fundamental knowledge for various fuel cell applications.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return 118,72% 178,23% 351,75% 460,06%
Avg m. return 9,89% 4,95% 5,86% 3,87%
STD 0,198 0,172 0,181 0,205

Datos fundamentales:

Recomendaciones (yahoo):

Conclusiones:
- …

Análisis de valores – Mayo 2020 5

 ENPHASE ENERGY
Perfil:
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells
home energy solutions for the solar photovoltaic industry in the United States and internationally.
The company offers semiconductor-based microinverter, which converts energy at the individual
solar module level, and combines with its proprietary networking and software technologies to
provide energy monitoring and control services. It also offers AC battery storage systems; Envoy
communications gateway; and Enlighten cloud-based monitoring service, as well as other
accessories.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return
Avg m. return
STD

Recomendaciones (yahoo):

Conclusiones:
- …

Análisis de valores – Mayo 2020 6

 FIRST SOLAR
Perfil:
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United States and
internationally. It operates in two segments, Modules and Systems. The Modules segment designs,
manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to
integrators and operators of PV solar power systems. The Systems segment provides power plant
solutions, such as project development; engineering, procurement, and construction; and
operating and maintenance services to utilities, independent power producers, commercial and
industrial companies, and other system owners.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return 54,15% 53,40% 87,63% 109,14%
Avg m. return 4,51% 1,48% 1,46% 0,92%
STD 0,176 0,128 0,134 0,167

Recomendaciones (yahoo):

Conclusión:
- …

Análisis de valores – Mayo 2020 7

 BROOKFIELD RENEWABLE
Perfil:
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities
primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates
electricity through hydroelectric, wind, solar, cogeneration, and biomass sources. Its portfolio
consists of approximately 19,000 megawatts of installed capacity.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return 56,71% 96,68% 148,99% 213,38%
Avg m. return 4,73% 2,69% 2,48% 1,79%
STD 0,077 0,065 0,073 0,061

Recomendaciones (yahoo):

Conclusiones:
- …

Análisis de valores – Mayo 2020 8

 SOLARIA
Perfil:
Solaria EnergÃ-a y Medio Ambiente, S.A. engages in the solar photovoltaic power generation
business. The company develops, owns, manages, and operates photovoltaic plants with a total
generation capacity of approximately 360 MW in Spain, Italy, Uruguay, and Greece. It also offers
solar power plant custom operation and maintenance services. The company was founded in 2002
and is headquartered in Madrid, Spain.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return 102,63% 301,66% 404,16% 496,51%
Avg m. return 8,55% 8,38% 6,74% 4,17%
STD 0,130 0,202 0,181 0,228

Recomendaciones (yahoo):

Conclusiones:
- …

Análisis de valores – Mayo 2020 9

 IBERDROLA
Perfil:
Iberdrola, S.A. engages in the generation, transmission, distribution and supply of electricity in
Spain and internationally. It generates and markets electrical power using renewable sources,
such as onshore and offshore wind, hydro, solar thermal, photovoltaic, biomass, etc. It is also
involved in the purchase and sale of electricity and gas on wholesale markets; and distribution of
gas. Iberdrola, S.A. is based in Bilbao, Spain.

Datos analíticos de la acción:

1 year 3 years 5 years 10 years

Return 31,51% 72,64% 86,11% 135,90%
Avg m. return 2,63% 2,02% 1,44% 1,14%
STD 0,076 0,057 0,055 0,064

Datos fundamentales:

Recomendaciones (yahoo):

Conclusiones:
- …

Análisis de valores – Mayo 2020 10

 Cierre y Si hay que apostar por el Hidrógeno
cualquiera de las dos (Plug Power o

conclusión
Ballard Power) pueden ser buenas
elecciones. Si hay que elegir me
decanto por la primera… va
incrementando facturación y
reduciendo resultado negativo.

Si hay que apostar por renovables

más “tradicionales” enfocadas en
energía PV, me quedo con Iberdrola,
lider mundial en energías
renovables, apostando por ellas
cuando nadie lo hacía y con un plan
estratégico recien lanzado con más
de 50.000M€ para inversiones.

Análisis de valores – Mayo 2020 11

 Análisis de valores
Noviembre 2020

Análisis de valores – Mayo 2020 12