IBDSF - Iberdrola: A Leader In Green Energy At A Premium Valuation

2024-02-09 00:58:57 ET

Summary

• Iberdrola is a leader in green energy with 80% of production from zero emission sources.
• The company is pursuing an aggressive expansion strategy, but as a result, its debt load remains high.
• The valuation is expensive, especially compared to peers, but can still provide 10% annual returns.

Dear readers,

It's been almost a year since I last covered the Spanish-based utility giant Iberdrola ( IBDSF ). In particular, I issued a BUY rating last March at EUR 10.70 per share (for the native shares, ticker IBE, which trade on the Madrid exchange)....

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