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.
Spanish utility Iberdrola is nearing a deal to acquire the remaining 18.4% stake in its U.S. subsidiary Avangrid that it does not already own for about $2.6 billion, people familiar with the matter said on Friday.