|Bid||9.98 x 0|
|Ask||9.98 x 0|
|Day's Range||9.80 - 10.00|
|52 Week Range||8.47 - 11.48|
|Beta (5Y Monthly)||0.45|
|PE Ratio (TTM)||16.92|
|Earnings Date||Jul 27, 2022|
|Forward Dividend & Yield||0.28 (2.73%)|
|Ex-Dividend Date||Jul 08, 2022|
|1y Target Est||11.93|
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Populist President Andrés Manuel López Obrador is seeking to reclaim state control over the oil-and-gas and electricity sectors. “It’s a closing off of Mexico.”
Mexico's energy regulator fined a unit of Spain's Iberdrola 9.15 billion pesos ($466.4 million), arguing they violated a so-called self-supply power generation permit by selling electricity to their partners, according to a regulatory filing. Iberdrola Energia Monterrey delivered energy to partners in exchange for economic compensation, which constitutes a sale that is not allowed under the self-supply figure for which the permit was granted, the Energy Regulatory Commission (CRE) said in the resolution posted on its website this week. "The described conduct is unlawful since it affects the legal rights that oblige the permit holder not to sell, resell or by any legal act transfer capacity or electric energy," the resolution said.
Global wind power group Iberdrola criticised moves by its native Spain and neighbouring Portugal to take national measures aimed at curbing power prices on Wednesday, saying the solution to Europe's energy crisis was in coordinated action. European energy prices have climbed to historic highs as the conflict in Ukraine and fears of supply disruptions tightened markets already struggling with the effects of COVID-19. Governments are scrambling to find ways to protect voters' pockets, and Iberdrola CEO Ignacio Galan has opposed state decisions in some of its major markets including Britain, which has capped power prices for years.