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Cypress Creek Energy has reached financial close on the first two phases of its Steel River Energy Center in Arkansas, securing $3.5 billion in financing to support construction and long-term operations of one of the largest solar and battery storage projects in the United States.

The financing package covers Phase 1 and Phase 2 of the three-phase development, which together will add 1.63 gigawatts (GW) of solar generation capacity and 1.9 gigawatt-hours (GWh) of battery storage to the regional power grid. Upon completion of all three phases, the project is expected to reach 2.45 GW of solar capacity and 2.9 GWh of battery storage by 2029.

The transaction was fully underwritten by Barclays, BNP Paribas, Santander, and Wells Fargo, highlighting continued lender appetite for large-scale energy infrastructure projects. Cypress Creek also secured tax equity financing from a major investor and finalized a virtual power purchase agreement (VPPA) with an investment-grade corporate buyer, providing long-term revenue visibility for the project.

Chief Executive Officer Kevin Smith said the financing demonstrates strong capital market support for utility-scale energy infrastructure as electricity demand continues to rise across the United States. The company said the project is designed to deliver reliable power while supporting economic development in Arkansas.

Steel River is being developed as a large-scale solar-plus-storage complex, a segment that has attracted growing investment as utilities and corporate buyers seek firmed renewable power supplies. Battery storage systems integrated with solar generation are increasingly viewed as critical for enhancing grid reliability, shifting renewable output into peak demand periods, and reducing exposure to power market volatility.

The project also emphasizes domestic manufacturing. Cypress Creek said Steel River will use 100% U.S.-made structural steel, much of it sourced from Mississippi County, Arkansas, and will deploy solar modules manufactured by First Solar. Additional project components will be supplied by Arkansas-based companies.

Beyond its energy contribution, the development is expected to generate nearly $300 million in tax revenue over its operating life and create approximately 700 construction jobs, alongside indirect economic benefits for local businesses and service providers.

Cypress Creek is one of the largest privately held renewable energy developers in the U.S., with more than 6.8 GW of operating and under-construction assets and a development pipeline totaling 19 GW. The company has commercialized 19 GW of projects since its founding and operates more than 8.6 GW of energy assets through its operations and maintenance platform.

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By Charles Kennedy for Oilprice.com

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Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.

Investors may be wondering whether Banco Santander at €10.48 is still offering value after a strong run, or whether most of the easy gains are already behind it. The stock has slipped about 2.4% over the past week, was roughly flat over the last month, is up 2.2% year to date, and has returned 54.1% over the past year and more than 3x over three years. This naturally raises questions about how much upside or risk is now priced in. Recent coverage has focused on the scale of that multi year share price performance and Banco Santander's position among large European banks. This helps explain why some investors are reassessing their expectations. There has also been ongoing attention on how global interest rate trends and regulatory settings may influence large banks' profitability, which forms part of the backdrop for the stock's recent moves. On Simply Wall St's 6 point valuation framework, Banco Santander scores a 3. The rest of this article will break that down using different valuation methods, while also looking at a more complete way to think about value at the end.

Banco Santander delivered 54.1% returns over the last year. See how this stacks up to the rest of the Banks industry.

Approach 1: Banco Santander Excess Returns Analysis

The Excess Returns model looks at how efficiently a bank turns shareholder capital into earnings, then compares those returns with the cost of equity to estimate what the stock might be worth today.

For Banco Santander, the model uses a Book Value of €7.29 per share and a Stable EPS of €1.29 per share, based on weighted future Return on Equity estimates from 13 analysts. The Average Return on Equity is 15.57%, while the Cost of Equity is €0.70 per share, implying an Excess Return of €0.58 per share. In other words, the bank is projected to earn more on its equity base than it costs to fund that equity.

The Stable Book Value input is €8.27 per share, sourced from weighted future Book Value estimates from 9 analysts. Feeding these figures into the Excess Returns framework produces an estimated intrinsic value of about €18.36 per share. Compared with the recent share price of €10.48, this suggests the stock screens as around 42.9% undervalued under this approach.

Result: UNDERVALUED

Our Excess Returns analysis suggests Banco Santander is undervalued by 42.9%. Track this in your watchlist or portfolio, or discover 203 more high quality undervalued stocks.

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SAN Discounted Cash Flow as at Jun 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Banco Santander.

Approach 2: Banco Santander Price vs Earnings

For profitable companies, the P/E ratio is a straightforward way to think about value because it directly links what you are paying for each share to the earnings that share currently generates.

What counts as a "normal" P/E will usually reflect how quickly earnings are expected to grow and how risky those earnings are perceived to be. Higher growth or lower perceived risk can justify a higher multiple, while slower growth or higher risk usually point to a lower one.

Banco Santander currently trades on a P/E of 12.09x. That is very close to the peer average of 12.07x and above the broader Banks industry average of 11.14x. Simply Wall St's Fair Ratio for Banco Santander is 14.63x. This is the P/E level suggested for this specific stock based on factors such as its earnings profile, industry, profit margins, market value and risk characteristics.

The Fair Ratio is more tailored than a simple comparison with peers or the industry. It adjusts for stock specific features such as growth, risk and profitability rather than assuming all banks should trade on the same multiple. With the current P/E of 12.09x sitting below the Fair Ratio of 14.63x, the stock screens as undervalued on this measure.

Result: UNDERVALUEDBME:SAN P/E Ratio as at Jun 2026

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Upgrade Your Decision Making: Choose your Banco Santander Narrative

Earlier it was mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St let you attach a clear story about Banco Santander to the numbers by linking your view of its future revenue, earnings and margins to a financial forecast and a fair value, then comparing that fair value with today's price to decide whether the stock looks attractive or stretched. This is all inside an easy Community page tool that automatically refreshes when new results or news arrive so different investors can see, for example, how a more optimistic view that lines up with a €13.8 price target compares with a more cautious view closer to €7.0, and choose the story that best matches their own expectations before they act.

For Banco Santander, however, we will make it really easy for you with previews of two leading Banco Santander Narratives:

Each one uses different assumptions about revenue growth, margins and what a reasonable future P/E might look like, which leads to very different views on fair value. Reading them side by side can help you decide which story feels closer to your own expectations before you commit capital.

🐂 Banco Santander Bull Case

Fair value in this narrative: €12.15

Implied undervaluation vs last close: about 13.8% below this fair value

Revenue growth assumed: 14.75% a year

Focuses on expansion in digital banking, payments and higher growth markets such as Brazil, Mexico and the U.S., with technology programs aimed at improving efficiency and margins. Assumes revenue reaching €71.6b and earnings of €20.0b by 2029, with a P/E of 10.0x and margins edging higher as costs are managed and more fee income comes through. Highlights risks from regulation, technology execution, competition from fintech and credit quality in key markets, and encourages you to test whether those assumptions feel realistic before accepting the consensus target.

🐻 Banco Santander Bear Case

Fair value in this narrative: €7.10

Implied overvaluation vs last close: about 32.9% above this fair value

Revenue growth assumed: 8.67% a year

Builds in slower revenue growth and shrinking profit margins as net interest income normalizes, large technology projects carry execution risk and fee businesses require sustained investment. Assumes revenue of €65.0b and earnings of €14.0b by 2028, with a P/E of 9.8x and a higher discount rate of 11.4%, which pulls the fair value down toward the lower end of analyst targets. Also sets out what could go right, including record profits, strong capital, buybacks and growing fee income, which might support the stock more than this cautious fair value implies.

In short, the bullish and bearish narratives are using the same company facts but different views on how fast Banco Santander can grow, what margins it can hold and what multiple the market might pay for those earnings. Lining those up against your own expectations is usually a clearer way to decide whether the recent share price performance feels justified or stretched.

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Banco Santander on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

Do you think there's more to the story for Banco Santander? Head over to our Community to see what others are saying!BME:SAN 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SAN.MC.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Executives from ACI Worldwide, Mastercard, Santander, Amazon, NVIDIA and PayPal to debate the future of money at Payments Unleashed EMEA

OMAHA, Neb., June 10, 2026--(BUSINESS WIRE)--As Europe's payments industry enters a decisive phase marked by sovereignty pressures, new regulatory requirements and the rise of AI‑driven commerce, the industry's most influential players will convene in London later this month to debate who controls the rails, bears the risk and shapes the future. ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced Payments Unleashed EMEA, a two‑day, invitation‑only gathering of senior payments leaders taking place 29-30 June 2026. The event brings together executives from ACI Worldwide, Mastercard, Santander, Amazon, NVIDIA, PayPal, Rabobank and Nationwide, alongside regulators, analysts and fintech leaders, with a keynote from renowned fintech author Dr. Leda Glyptis.

Across Europe, policymakers are pushing to reduce dependence on non‑European payment infrastructure through initiatives such as the digital Euro and Wero, while new reimbursement rules are shifting fraud losses decisively onto banks. At the same time, AI agents are beginning to move from recommending purchases to executing them, raising unresolved questions around authentication, liability and who owns the customer relationship when software becomes the buyer.

Against that backdrop, Payments Unleashed EMEA will focus on four questions now shaping board‑level decisions across the industry:

Who controls the rails in a world of sovereignty mandates and global scale? Who pays for fraud as real‑time payments and reimbursement rules collide? Can cards survive the rise of pay‑by‑bank and instant account‑to‑account payments? What happens when AI starts buying things?

The mainstage session opens with Dr. Leda Glyptis, author of Bankers Like Us and Beyond Resilience, whose work has become essential reading for leaders navigating payments modernisation. "Payments is no longer about keeping systems running; it's about deciding who controls value, risk and trust in a real‑time world. Those choices are being made now, and they will define the industry for the next decade," Glyptis said.

The mainstage sessions focus on three make‑or‑break questions for payments leaders: where to place bets as instant payments and fraud costs accelerate; whether Europe can reclaim payments sovereignty without breaking scale; and how AI is crossing from optimisation into execution as agentic systems begin to transact. Together, the sessions frame the decisions now redefining control, risk and value across the payments ecosystem.

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"The biggest questions in payments are no longer technical, they're strategic," said Thomas Warsop, president and CEO of ACI Worldwide. "Who owns the rails? How do we manage fraud in a real‑time world? And what happens when AI becomes an active participant in commerce? These are no longer abstract debates; they are live decisions that will determine who leads and who follows. Payments Unleashed is where those decisions get tested."

Confirmed speakers include Paul Horlock, chief payments officer at Santander, Otto Benz, director of customer technology and payments at Nationwide, Philip Bruno, chief strategy and growth officer, ACI Worldwide and senior leaders from Mastercard, Discover, Checkout.com, NVIDIA, PayPal, Nium, Fnality, Solaris and Rabobank, alongside analysts from Celent.

Payments Unleashed EMEA opens with a welcome reception on the evening of 29 June at 12th Knot rooftop bar at Sea Containers London, followed by a full day of keynotes, panels and executive roundtables on 30 June at the Hilton London Bankside, with dedicated banking and merchant tracks.

With places limited, senior payments leaders may request to attend at: Payments Unleashed EMEA

About ACI Worldwide

ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With nearly 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.

Copyright ACI Worldwide, Inc. 2026

ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260609295828/en/

Contacts

Media Contacts Katrin Boettger | Communications and Corporate Affairs Director | katrin.boettger@aciworldwide.com Pierce Rohrmann | Head of Communications and Corporate Affairs | pierce.rohrmann@aciworldwide.com

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Die Applied Digital Corp. (Nasdaq: APLD) hat einen Kredit von 350 Millionen US-Dollar abgeschlossen, der durch Goldman Sachs angeboten wurde. Dieser Kredit dient zur Finanzierung der Datenzentren und für andere Zwecke. Der Kredit umfasst außerdem eine zusätzliche Option in Höhe von bis zu 200 Millionen Dollar und hat eine geplante Fälligkeit am 29. Mai 2029.

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An initiative to help improve access to banking services for people who may face barriers to opening a bank account is being expanded, UK Finance has announced.

The expanded pilot programme is being delivered with the help of charity Shelter.

It builds on Shelter’s “breaking the cycle” programme, developed with HSBC UK, and is now being expanded to include Barclays, Lloyds, Nationwide, NatWest and Santander.

Banks will work with Shelter and UK Finance to help improve access to banking services for people who are financially excluded.

Some people do not have the standard identity or proof of address documents required to open a bank account and helping these people to access banking is part of the Treasury’s financial inclusion strategy.

Bank accounts are seen as essential to helping people manage their money and without them people can struggle to receive benefits or wages, pay bills, or find somewhere to live.

To help improve access to banking, where available, customers may be able to use referral letters and provide alternative forms of evidence, including expired or non-standard identification documents, with the aim of providing a practical route into banking for people who may otherwise face barriers to opening an account.

And beyond opening the account, there may also be support to help customers understand and use their account, manage correspondence, and build longer-term financial resilience.

David Postings, chief executive of UK Finance, said: “Being able to prove who you are should never be a barrier to rebuilding your life.

“That’s why we have worked with our members to make it easier for people without a fixed address to open a bank account.

“This partnership with Shelter and the major account providers is a vital step in ensuring that everyone – including those facing homelessness – can access the financial system, find work, and move forward with independence.”

Rachel Blake, Economic Secretary to the Treasury, said: “Bank accounts are a gateway to the modern economy, whether it’s getting into the job market or securing a stable home.

“It is no exaggeration to say that this pilot will transform lives and I’m delighted that it is being taken forward as part of the financial inclusion strategy.

“I welcome HSBC and Shelter’s leadership on this issue, and the wider collaboration we are seeing from the sector to give people this first step into financial inclusion.”

Sarah Elliott, chief executive at Shelter, said: “Without a bank account, receiving benefits or wages, paying bills or rent, and finding and keeping a safe home can be almost impossible.

“Together with HSBC UK, we’ve supported over 7,000 people experiencing homelessness or housing instability to open a bank account.”

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Santander executive chair Ana Botín has criticised the UK's tax treatment of banks, arguing that the current system "makes no economic sense".

Speaking to the Financial Times, Botín said that if the government wanted to encourage economic growth, "taxing banks more heavily than other companies makes no economic sense".

Under measures brought in after the 2008 financial crisis, banks operating in the UK face a levy on their balance sheets as well as a surcharge on profits, on top of standard corporation tax.

Botín said: "The question is, why single out the banks in particular and impose additional taxes? We already pay a corporate tax rate of around 30%, our profit margins are nowhere near those of monopolistic players, and we're not reaping windfall profits.

"If policymakers are looking for sectors earning outsized returns, there are other places to start."

She also said business lending by banks "drives investment and job creation".

Banks avoided further tax increases in the Budget last November, after Chancellor Rachel Reeves sought assurances that lenders would expand lending in the UK and publicly back her fiscal approach.

The sector has come under greater scrutiny in recent years as higher interest rates lifted bank earnings, prompting calls for extra taxes in a number of European markets.

Botín's remarks add to criticism already voiced by other senior banking figures over the UK regime.

Last month, JPMorgan Chase chief executive Jamie Dimon said he would drop plans to invest £3bn ($4bn) in a new London headquarters if taxes on banks were raised again.

Barclays chief executive CS Venkatakrishnan has also cautioned ministers against imposing higher taxes on lenders.

Santander has been part of the UK retail banking market for more than 20 years. The Spanish bank, which is the largest listed lender in continental Europe by market value, last month completed its £2.65bn acquisition of TSB.

The transaction increased Santander's UK customer base to roughly 19 million.

"Santander chair Ana Botín criticises UK bank tax policy" was originally created and published by Retail Banker International, a GlobalData owned brand.

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Italiens größter Bankkonzern Intesa Sanpaolo hat am Montag ein 31 Milliarden Euro (35 Milliarden US-Dollar) teures Angebot für Monte dei Paschi (MPS) gemacht, wodurch es sich um einen neuen Runden der Konsolidierung in der italienischen Bankenbranche handelt. Durch die Übernahme würde Intesa den zweitgrößten Bankkonzern im Euro-Währungsgebiet mit einem Marktanteil von 3.000 Filialen schaffen.

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Banco Santander (BME:SAN) hat eine positive Bewertung von einem bekannten Marktkommentator erhalten, nachdem es die Übernahme von Webster Bank abgeschlossen hatte. Der Kommentar hebt die Übernahme als positiv für die langfristige Positionierung des Banks an und weist auf kurzfristige Kritik an AI-gesteuerten Ausgaben hin. Investoren bewerten die Kombination aus frischem externem Support und zukünftiger Investitionsdruck, während sie ihre Ansichten über den Aktienkurs neu bewerten.

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Der Q1-Finanzbericht der Firma zeigt eine Steigerung der Goldproduktion und eine Erhöhung der Cash-Reserven um 15,2 Millionen US-Dollar. Die Firma hat ihre Schulden abbezahlt und ist jetzt schuldenfrei. Die Direktoren erwarten eine weitere Steigerung der Goldproduktion in den kommenden Monaten. Der Q1-Finanzbericht wird auf Basis des IFRS-Standard erstellt und enthält alle notwendigen Informationen für Investoren.

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Banco Santander (BME:SAN) hat die Aufmerksamkeit der Investoren erregt, nachdem sich der Aktienkurs in den letzten Monaten um 1,6% und im Vergleich zum Vorquartal um 2,8% vermindert hat. Der Banken-Sitzerwartung liegt bei einer Marktwert von etwa €150,6 Milliarden und einem Schlusskurs von €10,46. Die jährliche Umsatzwachstumsrate beträgt 11,8%, die Nettoertragswachstumsrate 14,8%. Analysten erwarten EBITDA-Erträge von €20,2 Milliarden (und EPS von €1,29) bis Mai 2029. Es gibt jedoch auch unterschiedliche Meinungen unter den Analysten.