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Institution Target Price Recommendation Date Citi 20.00 Hold 20/06/2025 Sabadell 22.60 Buy 16/06/2025 Intesa Sanpaolo 22.60 Hold 05/06/2025 Goldman Sachs 18.00 Sell 27/05/2025 GVC Gaesco 23.00 Hold 23/05/2025 Caixabank 28.00 Buy 21/05/2025 JB Capital Markets 19.30 Hold 19/05/2025 Alantra 26.26 Buy 16/05/2025 Mediobanca 25.50 Buy 16/05/2025 RBC 23.00 Buy 15/05/2025 BofAML 17.50 Hold 25/04/2025 Morgan Stanley 19.00 Hold 16/04/2025 Renta 4 27.60 Buy 07/04/2025 ODDO BHF 24.90 Buy 27/03/2025 Kepler Cheuvreux 25.00 Buy 17/03/2025 HSBC 20.00 Hold 13/03/2025 Exane BNP 23.30 Buy 05/03/2025 Stifel 19.50 Hold 03/03/2025 Deutsche Bank 20.00 Hold 28/02/2025 Bankinter 20.30 Hold 11/06/2025 Santander 29.05 Buy 18/12/2024 Intermoney 26.00 Buy 04/12/2024 Société Générale 22.50 Hold 10/10/2024 JPMC 23.00 Hold 25/11/2024 Bestinver n.a n.a. 18/06/2024

Last Update: 24/06/2025

Institution Analyst Deutsche Bank Olly Jeffery Alantra Fernando Lafuente Bankinter María Aránzazu Bueno Bestinver Daniel Rodríguez BofA Alexandre Roncier CaixaBank Flora Trindade Citi Jenny Ping Exane BNP Paribas Manuel Palomo Goldman Sachs Alberto Gandolfi GVC Gaesco Víctor Peiró HSBC Charles Swabey Intermoney Guillermo Barrio Intesa Sanpaolo Davide Candela JB Capital Markets Jorge Guimaraes JPMC Javier Garrido Kepler Cheuvreux José Porta Mediobanca Enrico Bartoli Mirabaud Sonia Ruiz de Garibay Morgan Stanley Arthur Sitbon RBC Fernando García Renta 4 Eduardo Imedio Cano Sabadell Andrés Bolumburu Santander Óscar Nájar Société Générale Jorge Alonso Stifel Roberto Ranieri

LEGAL NOTE

ACCIONA Energía is monitored by analysts whose reports are published regularly. We would ask you to remember that whatever opinions, estimates or forecasts they make with reference to ACCIONA Energía, these belong to the analysts themselves and do not represent the opinions, estimates or forecasts made by ACCIONA Energía or its management. ACCIONA Energía neither accepts liability for the analysts' information, nor for their conclusions or recommendations.