Iberdrola : A 2020-2025 strategic plan deliberately geared towards growth
>Buy recommendation and target price of € 12.0 maintained - The update to the strategic plan for 2020-2025 reveals fundamental elements geared toward investment and growth. In line with previous plans, the accent remains on renewables (with marked progress in offshore wind power underlined) and networks, the two pillars of the group’s resilient strategy. In contrast to past strategic exercises, this new plan steps up the investment effort to a record level with € 68bn...Iberdrola is a holding company. Through its subsidiaries, Co. operates in four segments: network business, which includes all the energy transmission and distribution activities, and other regulated activity originated in Spain, the U.K., the U.S. and Brazil; deregulated business, which includes electricity generation and sales businesses as well as gas trading and storage businesses carried on by Co. in Spain, Portugal, the U.K. and North America; renewable business, with activities related to renewable energies in Spain, the U.K., the U.S. and the rest of the world; and other businesses, including the engineering and construction businesses and the non-power businesses.
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