Iberdrola SA

IBE: XMAD (ESP)

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Iberdrola's Attractive Earnings and Dividend Outlooks Are Excessively Priced In

Tancrede Fulop

Sep 15, 2026

Business Strategy and Outlook

Iberdrola is the largest integrated utility in Europe together with Enel. Besides its domestic Spanish market, Iberdrola has strong exposure to the United Kingdom since the acquisition of Scottish Power in 2007. It is the European utility with the second largest exposure to the United States after National Grid thanks to its wind development and the acquisition of UIL in 2015.

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Iberdrola SA

Iberdrola's Attractive Earnings and Dividend Outlooks Are Excessively Priced In

Business Strategy and Outlook

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