Iberdrola (IBDRY) News Today

Iberdrola S.A. (IBDRY) shares rose on a wave of positive developments, including major long‐term contracts, regulatory and legal victories, record market valuation, and sustainability initiatives.

• Signed a 3,700 GWh wind power purchase agreement with Renfe through 2035, securing long-term contracted revenues
• Opened EnergyLoop in Navarra with FCC, the Iberian Peninsula’s first wind turbine blade recycling plant, enhancing sustainability credentials
• Received two favorable Supreme Court rulings over land disputes at the Núñez de Balboa and Usagre photovoltaic projects, reducing development uncertainty
• Reached record highs in share price and market capitalization, approaching €106 billion, reflecting strong investor confidence
• Became the first company to obtain guarantees of origin for renewable fuels, strengthening its leadership in clean energy
• Analyst commentary highlights a strategic shift toward regulated networks, boosting earnings quality and benefiting from accelerated grid investment after Spain’s recent blackout
• Notified the CNMC of its planned acquisition of Electra del Maestrazgo’s electricity business, pending regulatory approval
• Saw a modest increase in short interest during May (up 28.9% to 12,500 shares), though still negligible relative to average volume
• Publicly accused grid operator Red Eléctrica of “reckless and negligent” management after the blackout, which may heighten industry tensions