Iberdrola Reported Strong Results But Faces Challenges -- Market Talk
Dow Jones
Feb 27, 2025
1015 GMT - Iberdrola reported strong results for 2024 but going forward, earnings are likely to be affected by lower power prices, RBC Capital Markets analysts write. For 2025, the Spanish utility company guided for mid-to-high single-digit growth in net profit after reporting 5.61 billion euros in 2024. This compares with consensus expectation of 4.8% growth, and RBC's expectations of 6.3% growth, the analysts write. Iberdrola could also face potential issues in its U.S. offshore wind division, the analysts wrote. Shares fall 0.4% to 13.91 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 05:15 ET (10:15 GMT)
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