Iberdrola, S.A. Stock News

Iberdrola: Similar To Enel, But Greener 'Buy' Upside

The Corner Helped by increased investments and international expansion, in 2021 the company posted €3.88 billion net profit, up by 8%. The positive growth in the United States and Brazil has offset the negative performance of the generation and supply business, affected by high energy prices in Spain and the United Kingdom. Ebitda exceeds €12 billion (+20%). The company has delivered its gross operating profit forecast for 2022 one year early Improved…

Iberdrola press release (IBDSF): FY net profit of 3.88B.Revenue of 39.11B (+18.0% Y/Y).

Nervous Markets Rebound As Ukraine Tensions Fade US equity futures - which on Tuesday tumbled into a technical correction, down 10% from January''s all time highs - rebounded led by tech companies as investor fears over the standoff in Ukraine eased following the limited initial Western sanctions against Russia. As of 7:15am, eminis pared some gains but were still up 0.7% or 28 points on the day; Nasdaq futures were up 0.9% and Dow futures were up 0.54%. The VIX remained elevated, last seen around 28 after trading above 30 yesterday. Treasuries extended declines after the yield curve flattened in the Wall Street session, with the 10Y yield rising to 1.97% after tumbling as low as 1.85% on Tuesday. Crude oil fluctuated, while gold dipped as haven demand eased. The dollar slipped and cryptos reversed some of their recent losses. Susannah Streeter, senior analyst at Hargreaves Lansdown, said there were signs of bargain hunting among traders, keen to snap up shares sensitive to the situation. But she warned the geopolitical tension could still escalate, while elevated oil and gas prices were boosting inflationary risks. The volatility which has hit stocks is set to remain as traders assess this latest attempt to slow down the march toward a full invasion, said Streeter.

Iberdrola S.A. (IBDSF) CEO Ignacio Galan on Q4 2021 Results - Earnings Call Transcript

MADRID (Reuters) Iberdrola is more focused on striking partnerships in the offshore wind power generation business than on any potential spinoff, Chief Executive Ignacio Galan said on Wednesday.

Global energy and electricity provider Iberdrola announced today plans to invest more than $10 billion in the development of three offshore wind complexes in Massachusetts. Presenting the investment in a meeting with Charlie Baker, the Governor of Massachusetts, Iberdrola’s Chairman, Ignacio Galán, also outlined the company’s goal to double its renewable generation capacity in the […] The post Iberdrola to Invest Over $10 Billion to Develop Offshore Wind in Massachusetts appeared first on ESG Today .

Iberdrola will invest more than $10 billion in developing three offshore wind complexes in Massachusetts, United States, the company announced Wednesday on its website. In Massachusetts, the business…

Mexican President Andres Manuel Lopez Obrador called Wednesday for pausing diplomatic relations with Spain, not breaking them, as he escalated his criticism of Mexicos former colonial power, which he says has exploited Mexico. Lopez Obrador made the comments at a regular news briefing during which he requested a breather in official ties, stating the relationship is not good currently. The Mexican president has been consistent in his assertion that Spanish authorities and corporations have been exploiting the North American country, particularly in the energy sector. They were like the owners of Mexico, Lopez Obrador said to the media as he took to task the government of Prime Minister Pedro Sanchez. They plundered us, Lopez Obrador said, targeting the role of Spanish investment in the country. Perhaps when the government changes, relations will be restored, and I wish that when Im no longer here they wouldnt be what they were before. Lopez Obrador has proposed changes to Mexicos energy market that have drawn criticism.

The Ofgem price controls are not a great thing for the 10% exposure to the UK of overall EBITDA in networks, where the tariff rate was halved.

The energy sector needs to change rapidly and radically if the climate crisis is to be averted. Long hailed as a revolutionary low-carbon fuel, the day of green hydrogen is finally dawning to complement the role of electricity, says utilities firm Iberdrola