|Bid||8.88 x 0|
|Ask||8.89 x 0|
|Day's Range||8.86 - 8.93|
|52 Week Range||6.52 - 9.58|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||16.58|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||0.37 (4.12%)|
|1y Target Est||7.13|
Moody's Investors Service ("Moody's") has assigned a Baa1 long-term rating to the senior unsecured fixed rate notes to be issued by SP Transmission plc ("SPT"). SPT's outlook is stable. The Baa1 rating assigned to the notes is in line with SPT's long-term issuer rating of Baa1, and reflects the senior unsecured positioning of the notes in the capital structure of SPT and pari passu ranking.
Iberdrola will look at any deal opportunities in the United States and United Kingdom, its chairman said on Wednesday, as the Spanish energy giant accelerates an investment drive focused on renewables. "We have already done what we planned, and at this moment we are accelerating our investment to benefit from the opportunities of the energy transition and the resources it will provide for ourselves," Chairman Ignacio Galan said. The Financial Times reported this month that Iberdrola's U.S. unit Avangrid Inc was in talks to combine with PPL Corporation, although the companies have not confirmed this.
The Spanish energy company said net profit for the first nine months of the year rose to 2.52 billion euros ($2.80 billion) from EUR2.09 billion a year earlier
Spanish renewable energy giant Iberdrola on Wednesday posted an 11.6% rise in core earnings for the first nine months of 2019 and reiterated its growth guidance for the whole year. Supplying energy to more than 30 million people in Spain, the United States, Brazil and Britain, Iberdrola raked in core earnings before interest, tax, depreciation and amortisation (EBITDA) of 7.5 billion euros ($8.33 billion). Iberdrola confirmed it expected its net profit to rise at a double-digit rate in total in 2019.
Latin American banks and corporations are facing a steep learning curve as they turn to sustainable lending as a viable financing tool. As tackling climate change becomes a vital priority in the region, so does aligning environmental, social and governance (ESG) strategies with borrowing needs. More exposure to these products could set off rapid growth in a region that is positioned to keep growing while ESG norms become more prominent.
The Brazilian government awarded on Friday contracts for companies to build new power generation installations with combined capacity of 2.98 gigawatts, that will cost about 11.16 billion reais ($2.71 billion) to be built. According to the power trading chamber CCEE, the new plants, which will need to be operational in six years, will sell energy for an average price of 176 reais per megawatt, a 33% discount over the initial price at the auction. France's Voltalia, Norway's Statkraft and Brazil's Eneva are among the winning bidders.
The board of Brazilian power holding company Neoenergia SA has approved 1.9 billion reais ($456 million) in capital expenditure to build a major wind power complex composed of 12 separate wind farms, the company said on Thursday. The company, which is 52.5% controlled by a unit of Spain's Iberdrola SA, said in a securities filing that the complex in the northeastern Brazilian states of Piaui and Bahia, known as Oitis, will have an installed capacity of 566.5 megawatts (mW). Neoenergia, which went public in June, currently has an installed capacity of 516 mW, meaning that construction of the Oitis complex will more than double the size of its operations.
LISBON/MADRID, Sept 5 (Reuters) - Portuguese utility EDP is expected to put Spain's Iberdrola, Norway's Statkraft and Austria's Verbund on a shortlist of final bidders for its hydro assets, three sources with knowledge of the matter told Reuters. The sale, led by Morgan Stanley and UBS, is part of a wider portfolio clean up as EDP wants to plough in more cash into its renewable energy business. It has drawn interest from other European utilities and investment funds including Enel, Engie, Macquarie and Brookfield, the sources said.
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.
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.
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.
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 ...