Streetbeat News

IBDRY

Iberdrola S.A.

https://www.iberdrola.com/

CEO

Jose Ignacio Sanchez Galan

Industry

Electric Power Distribution

Open

56.72

Mkt cap

87B

Volume

1.2K

High

56.72

P/E Ratio

12.98

52-wk high

62.15

Low

56.49

Div yield

0.03

52-wk low

45.16

Deadly floods in Spain have caused significant damage, particularly in the Valencia region, affecting key industries like automotive and utilities. Ford's manufacturing plant and Iberdrola's power services are impacted. Construction companies like Ferrovial and ACS may benefit from rebuilding efforts. The iShares MSCI Spain ETF could see volatility.

Portfolio Pulse from Hayden Buckfire

October 31, 2024 | 6:55 pm

Avangrid has received an exemption from the Maine Public Utilities Commission, allowing Iberdrola to fully own the company. This regulatory approval is a significant step in the merger process.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:55 am

BP PLC shares surged after reporting Q4 FY23 results, with sales at $52.14 billion, missing consensus but beating EPS expectations. The company announced a dividend, completed a $1.5 billion share buyback, and plans further buybacks. BP also formed a joint venture with Iberdrola SA for EV charging in Spain and Portugal. BP expects higher upstream production in FY24 and maintains a capital expenditure target of around $16 billion per annum.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 11:28 am

Avangrid Inc (AGR) has terminated its merger agreement with PNM Resources (PNM) due to the failure to receive all final regulatory approvals by December 31, 2023. The merger, which has been in progress since 2020, was expected to bring over $300 million in benefits to PNM's consumers and communities. Despite obtaining necessary approvals, except from the New Mexico Public Regulation Commission, the merger's future remained uncertain. Avangrid will now focus on its growth opportunities, including over $9 billion in incremental capital projects. Avangrid reaffirmed its 2023 EPS guidance, while PNM Resources will provide a financial update on February 6, 2024. PNM shares dropped 3.87% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

January 02, 2024 | 11:31 am

AVANGRID (AGR) praises the U.S. Department of Justice, federal government, and Vineyard Wind 1 project team for defending the nation's first commercial-scale offshore wind project, following a U.S. District Court ruling acknowledging the project's rigorous and thorough administrative review.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 9:19 pm

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