Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Iberdrola : Security and optimisation

>Outperform rating maintained but target price raised to € 14.4 vs € 13.80 - The presentation of the 2024-2026 strategy does not call into question the group‘s fundamentals and is still based on the two pillars of development in renewable installed capacity and the regulated networks. However, this new plan places the emphasis on investments in transmission and distribution assets, aims to bring on line offshore wind assets and bolster the flexibility of conventional ...
Underlying
Iberdrola SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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