The Qatar Investment Authority, the country's sovereign wealth fund, is considering raising its stake in Spanish power company Iberdrola , Spanish newspaper Expansion reported on Friday, citing unidentified energy sector sources.
Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast.
Iberdrola (IBDRY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Orsted and Iberdrola were among the offshore wind developers who won guaranteed electricity price contracts in Britain's latest renewable power auction, government documents showed on Tuesday.
Scottish Power owner Iberdrola will buy Britain's Electricity North West through a deal valuing the grid operator at €5 billion (£4.3 billion). Some 88% of the company, which operates power networks in the north west of England, will be acquired by Iberdrola for €2.5 billion, a statement said on Friday.
Spanish utility Iberdrola said on Friday it reached an agreement to buy 88% of British power network Electricity North West (ENWL) for 2.5 billion euros ($2.72 billion).
Iberdrola is a leading renewable power developer, benefiting from energy transition initiatives and growing electricity needs globally. The company offers stable earnings through state-regulated energy networks and long-term fixed-price Power Purchase Agreements. Iberdrola's defensive nature, strong growth potential, and attractive dividend yield make it a low-risk investment with potential for stock price appreciation.
I recommended a buy rating for Iberdrola due to the positive EBITDA growth outlook. Power demand surge expected from data centers, AI, and electrification will benefit IBDSF. Valuation remains low despite strong earnings growth potential.
Iberdrola, S.A. (OTCPK:IBDSF) Q2 2024 Results Conference Call July 24, 2024 3:30 AM ET Company Participants Ignacio Arambarri - Director, Investor Relations Ignacio Galán - Executive Chairman Pepe Sainz - Chief Financial Officer Conference Call Participants Alberto Gandolfi - Goldman Sachs Rob Pulleyn - Morgan Stanley Meike Becker - HSBC Fernando Garcia - Royal Bank of Canada Fernando LaFuente - Alantra Manuel Palomo - BNP Paribas Pedro Alves - CaixaBank Gonzalo Sanchez-Bordona - UBS Jorge Guimaraes - JB Capital Markets Javier Garrido - JPMorgan Jorge Alonso - Berstein Jose Javier Ruiz - Barclays Ahmed Farman - Jefferies Marc Ip Tat Kuen - Berenberg Ignacio Arambarri Good morning, ladies and gentlemen.
European utility Engie has joined forces with Canada's second-largest pension fund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter.
NEW YORK, NY / ACCESSWIRE / June 28, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Avangrid, Inc ("AGR" or the "Company") (NYSE:AGR) stock purchased prior to May 17, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Iberdrola and Avangrid, whether Iberdrola and the Board of AGR have harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
NEW YORK, NY / ACCESSWIRE / June 26, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Avangrid, Inc ("AGR" or the "Company") ((NYSE:AGR)) stock purchased prior to May 17, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Iberdrola and Avangrid, whether Iberdrola and the Board of AGR have harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.