Iberdrola’s stock had a good performance this year despite the difficult conditions faced by the group in two of its main markets (the UK and Spain). The negative effect was mainly on the generation and supply side as earnings in this segment decreased by 32%: the UK’s earnings contracted by 75% and the Spanish by 19%. As pointed by Carax- Alphavalue “this was due to lower plant operations (load factor) with contracting margins added to low hydro production and higher transmission costsRead More
UBS | Santander updated the main targets of its 15-18E business plan. The new 11% Group ROTE18E figure (previous 13%) is largely aligned with our existing forecasts, to which we make modest changes.