Iberdrola reaches a historic milestone and exceeds 100,000 million euros in capitalisation

Iberdrola has reached a new milestone in its history by exceeding 100,000 million euros in market capitalisation for the first time, reaching a price of 15.68 euros per share after a rise of 3.19% on Thursday's trading. In a context of market uncertainty due to the tariffs imposed by former US president Donald Trump, the company has managed to stand out against the Ibex 35, which closed with a fall of 1.19%. 

With this historic milestone, Iberdrola is positioned as the Spanish company with the greatest weighting in the index, with a weighting of over 14%. Furthermore, it has consolidated its position as the second largest electricity company in the world in terms of market value and has a higher capitalisation than all Spanish energy companies combined. So far this year, the company has recorded growth of 17%, consolidating its strength in the sector. 

Since the presentation of its annual accounts on 27 February, Iberdrola has increased in value by more than 10%. Its financial results for 2024 show a net profit of 5.612 billion euros, 17% more than the previous year. Thanks to these good results, the company has raised its forecasts for this year, estimating growth of between 7% and 7.5% in adjusted profit for 2024, exceeding the projections in its Strategic Plan. 

One of the key moves in its expansion strategy has been the acquisition of the British company ENW for a total of 5 billion euros, making it the second largest distribution network operator in the UK. The company is also continuing to strengthen its presence in key markets such as the US, the UK and Brazil, with special emphasis on the growth of the networks business. 

In a turbulent financial environment, Iberdrola has benefited from investor interest in defensive stocks with recurring revenues, such as electricity companies. Its participation in international markets through subsidiaries, such as Avangrid in the United States, makes it an attractive option within the sector. 

The company has also reinforced its appeal with a rising dividend policy. It has proposed paying a gross dividend of 0.635 euros per share for the 2024 financial year, 15% higher than the previous year, thus reaching the target set for 2026. In addition to this, there will be an extra dividend of 0.005 euros if the 2025 Shareholders' Meeting, scheduled for 30 May, reaches a quorum of 70%. 

Iberdrola recently announced the sale of 100% of the US company Maine Natural Gas (MNG) to Unitil for 83 million euros (90 million dollars), a transaction that allows it to optimise its asset portfolio. At the same time, Avangrid has intensified its commitment to the growth of data centres in the United States, with six new projects totalling 800 megawatts (MW) of capacity to meet the growing energy demand driven by artificial intelligence. 

Iberdrola's stock market performance has exceeded market expectations, reaching a value above the average target price of 14.64 euros. According to analysts, the company has 13 buy recommendations, 17 neutral recommendations and only three sell recommendations. It is currently one of only two Spanish companies, along with Inditex, to have managed to exceed the €100 billion capitalisation barrier. 

Iberdrola's rise on the stock market and its continuous growth consolidate its position as one of the most solid energy companies in the world. In an environment of financial volatility, its commitment to international expansion and renewable energy make it a benchmark in the global electricity sector.