Iberdrola (IBDRY) News Today

Iberdrola, S.A. (OTCMKTS: IBDRY) is trading higher today, buoyed by a sharp drop in bearish bets and new growth initiatives, though offset by customer reliability concerns and labor tensions.

• Short interest declined by 61.8% in May, signaling reduced bearish sentiment and potential buying pressure.
• Iberdrola launched an innovation challenge to improve wind‐farm maintenance efficiency, supporting long‐term operational performance.
• New partnerships in Mexico—calling on start-ups for green solutions and an R&D alliance with the Instituto de Innovación y Transferencia Tecnológica de NL—strengthen the company’s innovation pipeline.
• Significant economic contributions in Spain (e.g., €973 M in Valencia, €450 M in Galicia, and major regional supplier spending) underscore Iberdrola’s strong local footprint.
• Re-elections of Ángel Acebes and Juan Manuel González Serna at the shareholder meeting maintain board continuity without surprises.
• Technical engineering bodies in Salamanca and Zamora praised Iberdrola’s handling of the recent Spain blackout, even as a public debate over grid responsibility continues.
• Planned power cuts in Valencia and several Ribera municipalities raise reliability concerns and may weigh on near-term customer satisfaction.
• Unions have called a strike on June 6 and plan protests at the shareholder meeting, highlighting rising labor tensions.
• Iberdrola is embroiled in a high-profile blame game with Red Eléctrica over the national blackout, creating a PR headwind.
• A Nantucket group’s legal challenge threatens your New England offshore wind project, introducing potential regulatory roadblocks.