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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Iberdrola: A Leader In Green Energy At A Premium Valuation