Solaria (SLR): analysis in plain words
Is Solaria cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Solaria (SLR) is listed on the Madrid Stock Exchange and we classify it in utilities and renewables. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Solaria according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Solaria (SLR) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €15.92 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 8.5x | Price over earnings per share |
| Revenue growth | +38.8% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 48.6% | Profit for every 100 of sales |
| Net debt / EBITDA | 4.1x | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | €2.1 billion | What the stock market values it at |
The Solaria figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any SLR figure that is not available shows as N/A: we do not estimate it.
How Solaria makes money
Solaria develops, builds and operates solar power plants, mainly in Spain and also in Italy and Portugal. It earns by selling the electricity they generate, partly on the wholesale market and partly through long-term contracts with large buyers. It is also developing battery storage and data center projects.
Over the last 12 months, Solaria brought in revenue of €371 million. For every 100 it sells, Solaria keeps 99.7 after the direct cost of what it sells (gross margin) and 77.4 after all operating costs (operating margin).
Solaria against its sector
To know whether a Solaria figure is high or low you have to put it next to similar companies. This table compares Solaria with the median of the 14 utilities and renewables companies Fintols covers, with data as of November 4, 2026.
| Figure | Solaria | utilities and renewables median |
|---|---|---|
| P/E | 8.5x | 19.9x (14) |
| Revenue growth | +38.8% | +8.8% (14) |
| Net margin | 48.6% | 14.5% (14) |
| Dividend yield | 0.00% | 3.16% (14) |
| Net debt / EBITDA | 4.1x | 4.6x (14) |
In short, against the typical utilities and renewables company, Solaria trades on a lower P/E, grows faster and earns a wider margin. By size, Solaria ranks number 8 of 8 utilities and renewables companies quoted in EUR on Fintols.
The bull case for Solaria
These are the strengths in the Solaria figures as of November 4, 2026:
- Solaria is selling more than a year ago: +38.8% in its latest quarter (the typical utilities and renewables company grew +8.8%).
- Its net margin over the last 12 months is 48.6% (sector median: 14.5%): Solaria turns a large share of its sales into profit.
- On a P/E basis Solaria trades cheaper than its sector: 8.5x its annual earnings, against 19.9x for the utilities and renewables median (14 companies with data).
The main risk for Solaria
Debt is heavy: Solaria carries net debt equal to 4.1x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
On top of that: solaria stock sits 38% below its 52-week high (€25.85): the market has cut its expectations, and it is worth understanding why first.
And, like the rest of utilities and renewables, Solaria is exposed to interest rates (it funds grids and plants with a lot of debt) and changes in how its tariffs are regulated.
Frequently asked questions about Solaria
Is it a good time to buy Solaria stock?
Fintols does not tell you whether to buy or sell Solaria, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Solaria stock trades at €15.92, 38% below its 52-week high (€25.85) and 17% above its low (€13.61). Its P/E is 8.5x against a utilities and renewables median of 19.9x, and 9.4x on the earnings analysts expect over the next 12 months. With Solaria, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Solaria pay a dividend?
No. As of November 4, 2026, Solaria does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying Solaria today is counting on the share price rising, not on income.
Is Solaria stock expensive?
It depends on what you compare it with. On P/E, Solaria trades at 8.5x its last 12 months of earnings: cheaper than the utilities and renewables median (19.9x). A high P/E alone does not make Solaria expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Solaria's competitors?
On Fintols we compare Solaria with Endesa, Iberdrola and American Electric Power, which are also in utilities and renewables. As of November 4, 2026, Endesa is worth €45.5 billion and trades on a P/E of 18.8; Iberdrola is worth €150.8 billion and trades on a P/E of 30.5; American Electric Power is worth $70.4 billion and trades on a P/E of 21.1. Each has a side-by-side comparison with Solaria below.
Solaria competitors
- Endesa (ELE) analysis · Solaria vs Endesa comparison
- Iberdrola (IBE) analysis · Solaria vs Iberdrola comparison
- American Electric Power (AEP) analysis · Solaria vs American Electric Power comparison
To understand Solaria better
- Dividend Growth Investing: FCF Payout Ratio and Compounding
- How to Read a Balance Sheet: A Beginner's Guide
More companies like Solaria: utilities and renewables stocks and IBEX 35 companies. Open the full SLR analysis with its valuation and scenarios. Educational content about Solaria, not investment advice.