HSBC
says
Acciona
shares
are
currently
trading
at
a
15%
discount
to
Iberdrola
Renovables,
a
38%
discount
to
EDF
Energies
Nouvelles
(EDF
EN)
and
a
25%
discount
to
EDP
Renováveis
(EDPR),
its
closest
competitors.
However,
according
to
the
bank,
"the
discount
gap
between
Acciona
and
the
other
utility
developers
should
be
closed
further,
not
least
because
we
estimate
that
Acciona's
earnings
growth
over
the
next
three
years
is
by
far
the
highest
of
the
group
at
a
compound
annual
growth
rate
of
37%".
HSBC
says
Acciona's
share
price
has
been
limited
by
the…
