Streetbeat News

IBDSF

Iberdrola S.A.

https://www.iberdrola.com/

CEO

Jose Ignacio Sanchez Galan

Industry

Electric Power Distribution

Open

14.12

Mkt cap

87B

Volume

High

14.12

P/E Ratio

12.97

52-wk high

15.85

Low

14.01

Div yield

0.04

52-wk low

11.30

Plug Power Inc. (NASDAQ:PLUG) shares are surging premarket after securing a 25 MW order for its electrolyzer systems from BP and Iberdrola's joint venture. This project aims to decarbonize BP's Castellón refinery in Spain, marking the start of a long-term collaboration. Plug Power also received a $10 million grant from the U.S. Department of Energy for hydrogen refueling infrastructure. Investors can access the stock via Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:HDRO).

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 10:21 am

Avangrid Inc (NYSE:AGR) shares surged after a non-binding proposal from Iberdrola, S.A. (OTC:IBDSF) to acquire all outstanding shares not owned by it for $34.25 each, a 7% premium over the last closing price. The proposal is subject to approval by Avangrid's unaffiliated committee and shareholders. Avangrid operates in 24 U.S. states with $44 billion in assets, including utilities and renewable energy facilities.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 2:30 pm

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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