RBC ups Solaria as outlook improves with data centre deal and battery permits

SOLARIA ENERGIA Y MEDIO AMBIENTE SA

11/03/2026 13:42

** RBC upgrades the Spanish renewable energy company Solaria SLRS.MC to "outperform" from "sector perform" as the new 200MW data centre deal plus accumulating 3GWh of permits for battery energy storage system (BESS) are improving the outlook

** Although Solaria is underperforming in European utilities, the broker says the company is increasingly less affected by a grim outlook for the solar photovoltaic achieved price in Spain

** Solaria has locked in about 3.2GW of its 4GW total capacity through data centre bilateral agreements, a hydrogen deal with Repsol REP.MC and about 3GWh of battery storage permits, it adds

** "Solaria can gradually hybridise (if needed) its entire 3GW portfolio with about 12GWh of batteries for under €1bn capex", it says

** Out of 17 analysts covering Solaria, seven "strong buy"/"buy", ​eight "hold" and two "strong sell"/"sell" - LSEG data

(Reporting by Tiago Brandao)

((Tiago.Brandao@thomsonreuters.com;))