IBE.MC - Iberdrola, S.A.
| Previous Close | 9.31 |
| Open | 9.34 |
| Bid | 9.20 x 0 |
| Ask | 9.34 x 0 |
| Day's Range | 9.24 - 9.35 |
| 52 Week Range | 5.94 - 9.40 |
| Volume | 15,862,999 |
| Avg. Volume | 17,820,212 |
| Market Cap | 57.782B |
| Beta (3Y Monthly) | 0.75 |
| PE Ratio (TTM) | 18.09 |
| EPS (TTM) | 0.51 |
| Earnings Date | Oct 23, 2019 |
| Forward Dividend & Yield | 0.40 (4.29%) |
| Ex-Dividend Date | 2019-07-04 |
| 1y Target Est | 7.13 |
- Bloomberg
Iberdrola Sells U.K. Offshore Wind Farm Stake for $2 Billion
(Bloomberg) -- Spanish utility Iberdrola SA is selling a stake in a U.K. offshore wind farm to a unit of Macquarie Group Ltd. for 1.63 billion pounds ($1.96 billion) in a deal that highlights the widening appeal of renewable assets.Institutional investors are becoming more inclined to invest earlier in large offshore wind projects for the steady income from long-term power purchase agreements. For Iberdrola, the 40% stake sale in what’s expected to be world’s largest offshore wind farm will help it meet its target of delivering 10 gigawatts of offshore wind over the next few years.The annual income from the East Anglia One site will be about 400 million pounds, according to Tom Harries, an offshore wind analyst at BloombergNEF in London. While sales of offshore wind farms may be down from last year, a recovery is likely.“Projects are massive so it only takes a handful for it to rebound,” Harries said.The deal comes as wind generated more than half of the U.K.’s energy needs last week. Wind’s role in Britain’s power mix has also come into focus after the country was hit Friday by the largest power outage in years after failures at a gas-fired power station and an offshore wind farm.The 714-megawatt project off the U.K.’s east coast, which is expected to start operations in 2020, will generate enough power for 600,000 homes, according to Iberdrola. The facility is valued at 4.1 billion pounds based on the transaction with Macquarie, the Spanish company said in a statement. The operation has a capital cost of 2.5 billion pounds.It’s also the second major wind farm deal for Macquarie in less than a week. Macquarie Infrastructure and Real Assets announced a deal Aug. 7 to buy renewables developer Ocean Breeze Energy, which owns a 400-megawatt wind power project in the North Sea, from Italy’s Unicredit SpA.The sale of East Anglia One is part of Iberdrola’s 3.5 billion-euro ($3.9 billion) asset rotation program first announced in 2018, which also includes the disposal of its liquefied natural gas business in June. The deal will not have an impact on the group’s results for fiscal 2019, Iberdrola said in a statement Monday.Iberdrola rose as much as 0.9% to 8.90 euros in Madrid, the highest since July 3. The stock is up 26% this year. The Spanish utility was advised on the deal by Santander CIB.(Updates with BNEF comment in the fourth paragraph.)To contact the reporters on this story: James Thornhill in Sydney at jthornhill3@bloomberg.net;Jeremy Hodges in London at jhodges17@bloomberg.netTo contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Andrew Reierson, Rob VerdonckFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Iberdrola to sell 40% stake in UK wind project for 1.6 billion pounds
Spanish energy firm Iberdrola has agreed to sell a 40% share in British offshore wind project East Anglia One to the Green Investment Group, it said on Monday. Iberdrola will receive 1.63 billion pounds ($2 billion) for the 40% stake, it said. When East Anglia One is operational in 2020 it will be one of the world's largest wind farms, with a capacity of 714 megawatts or enough power 600,000 homes.
- Thomson Reuters StreetEvents
Edited Transcript of IBE.MC earnings conference call or presentation 24-Jul-19 7:30am GMT
Half Year 2019 Iberdrola SA Earnings Call
- Reuters
Singapore's Pavilion Energy to pay $130 million for Iberdrola's LNG assets
Singapore's Pavilion Energy said on Thursday its wholly owned subsidiary has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets. The portfolio comprises about 4 million tonnes per annum (mtpa) of Iberdrola's long-term LNG sale and supply contracts, Pavilion said in a statement. The portfolio also includes long-term regasification capacity of about 2 mtpa at Britain's Grain LNG terminal, access to regasification capacity in Spain and on a pipeline between Spain and France, as well as the time-charter of a newly built LNG vessel.
- Reuters
Britons set for £6 billion energy windfall from network curbs
Britons could see a 6 billion pound cut in energy bills over five years from 2021, saving the average household 40 pounds per year, under plans to curb what gas and electricity network firms can pay shareholders. Regulator Ofgem, which introduced a price cap on standard energy bills in January after lawmakers said customers were being overcharged, is now targeting the operators whose network fees make up around a quarter of British household energy bills. Ofgem said it plans to cut the amount network firms pay their shareholders, known as the "cost of equity range" by almost 50% for the next regulatory period starting in 2021.
ReutersFree scooter rides and EU power ballads, big firms pump up voters for EU polls
By Foo Yun Chee BRUSSELS (Reuters) - From Volkswagen to Spotify to Iberdrola, Europe's biggest firms are urging people to vote in key European Parliament elections this weekend amid concerns that an anti-EU ...
- Reuters
UK energy network firms rattled by Labour state ownership plan
Britain's opposition Labour Party intends to take energy networks back into state ownership if elected, prompting infrastructure owners to warn of damage to investment, high taxpayer costs and a slower transition to green energy. Labour's shadow business and energy secretary, Rebecca Long-Bailey, late on Tuesday published party plans via twitter to renationalise the country's 60-billion-pound energy networks and establish a National Energy Agency. Britain's energy infrastructure, such as gas pipes and electricity cables, is owned by several firms including SSE, National Grid and Iberdrola's Scottish Power.
- Reuters
BP-backed UK energy supplier Pure Planet cuts prices 2.4 percent
British energy supplier Pure Planet, in which oil giant BP has a 25 percent stake, has cut its average annual dual gas and electricity price by 2.4 percent, it said on Wednesday. The cut is the company's second price drop this year and comes after all of the country's 'big six' suppliers raised their average prices around 10 percent in April in line with an increase in the energy regulator's price cap.
- Moody's
SIEMENS GAMESA Renewable Energy, S.A. -- Moody's assigns a Baa3 Issuer Rating to Siemens Gamesa, outlook stable
Moody's Investors Service ("Moody's") today assigned a first time Baa3 long term Issuer Rating to Spain-based wind turbine technology company Siemens Gamesa Renewable Energy, S.A. ("Siemens Gamesa" or "SGRE").
- Moody's
SIEMENS GAMESA Renewable Energy, S.A. -- Moody's erteilt Baa3-Emittentenrating mit stabilem Ausblick für Siemens Gamesa
Rating Action: Moody's erteilt Baa3-Emittentenrating mit stabilem Ausblick für Siemens Gamesa. Global Credit Research- 07 May 2019. Frankfurt am Main, May 07, 2019-- Moody's Investors Service hat gestern ...
- Reuters
Sustained low British gas prices point to price cap reduction
The steady decline of British wholesale gas prices shows no sign of reversing this summer, which should provide some relief to households when it is reflected in a lower price cap on energy tariffs this autumn. A cap on default electricity and gas bills - a flagship policy of British Prime Minister Theresa May to end what she called "rip-off" prices - came into force in January to set a maximum price suppliers can charge consumers on certain tariffs. Energy market regulator Ofgem said it would remove around 1 billion pounds of overcharging from consumer bills by forcing suppliers to limit the price of their default tariffs to the level of the cap, or below.
- Thomson Reuters StreetEvents
Edited Transcript of IBE.MC earnings conference call or presentation 25-Apr-19 7:30am GMT
Q1 2019 Iberdrola SA Earnings Call
ReutersMore British energy customers switch supplier in first-quarter despite price cap
The number of British customers switching energy supplier in the first quarter of 2019 rose by 12 percent compared with the same period last year, data from industry group Energy UK showed, despite a government price cap which began in January. Energy regulator Ofgem was told by parliament last year to set the price limit after lawmakers said customers on the most commonly used standard tariffs were being overcharged for electricity and gas. Prime Minister Theresa May had called the tariffs a "rip-off".
- Reuters
Banks push green agenda in Latin America even as borrowers resist
Banks active in Latin America have earmarked potential green loans for corporate borrowers, which seek to advance environmental, social and governance (ESG) criteria, despite some companies’ reluctance to allocate resources to environmentally-friendly operations. To date, just two companies have raised green loans in Latin America. Spanish utility Iberdrola raised US$400m for its Mexican subsidiary in April 2018 and Peruvian conglomerate Ferreycorp in November signed a US$70m loan with BBVA.
- Moody's
Iberdrola Finance Ireland Limited -- Moody's announces completion of a periodic review of ratings of Iberdrola S.A.
Announcement: Moody's announces completion of a periodic review of ratings of Iberdrola S.A. London, 29 March 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Iberdrola S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Reuters
Power firms agree on route to close Spain's oldest nuclear plant
Spain's main electricity providers have reached an agreement to renew the life of the country's oldest nuclear plant until its planned closure, the company operating the site said on Friday. The Almaraz plant in Western Spain hosts the first two nuclear reactors slated for closure in a calendar which foresees all seven in the country going offline between 2027 and 2035. Phasing out nuclear power, which provides about a fifth of Spain's electricity, is part of a package of energy market proposals that was one of the last initiatives of the Socialist government before parliament was dissolved before a general election next month.
