Solaria Energía y Medio Ambiente S.A.

Solaria Energía, based in Madrid, is a Spanish developer and operator of large solar power plants, building and running utility-scale photovoltaic parks and selling the electricity they generate. As a pure-play solar company, its future rests on adding capacity and on the price it can secure for its power. Solaria pays little or no dividend, reinvesting everything into building new solar parks, which keeps its score low on a dividend measure. This is a growth stock for investors betting on the expansion of solar power, not a source of income, with results sensitive to electricity prices and financing costs.