Shares in Spanish renewables firm Ecoener fall on market debut

By Reuters5 days ago

MADRID, May 4 (Reuters) - Shares in Spanish renewable energy group Ecoener ECNER.MC fell on their market debut on Tuesday, a potentially sobering sign for companies looking to do similar deals in the sector, after the firm slashed the size of the deal due to limited appetite.

The stock fell as much as 4% shortly after trading started, taking it below the 5.90 euros pricing which gave it a market value of 336 million euros ($403.3 million) last week.

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Ecoener cut the size of the share offering despite global investor interest in businesses involved in generating energy from renewable sources to help cut carbon emissions.

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