Spain's Solaria jumps after UBS hikes price target on data centre potential

SOLARIA ENERGIA Y MEDIO AMBIENTE SA

27/08/2025 10:35

Corrects company description to renewable energy company from  solar panel maker in paragraph 1

** Shares in Solaria SLRS.MC jump 7.5% after UBS hikes the Spanish renewable energy company's price target by 34%, saying data centres could be a "potential game changer"

** The brokerage reiterates its "buy" recommendation, expecting Solaria's data centre-focused Capital Markets Day in September to be a powerful catalyst for the stock

** "Recent events make us now more positive on the data centre angle of the story, which continues to be underappreciated in our view," it says

** UBS notes its increased confidence is based on the monetisation of a larger portion of Solaria's secured data centre capacity, now estimated at 75% versus 50% before

** As a result, the brokerage increases its net income estimates by 7-14% for the 2025-2029 period

** Including the session's rise, the stock has gained 77.5% since the beginning of the year

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))