Iberdrola has exceeded this Wednesday, in the mid-session, the historical threshold of 150 billion euros in stock market capitalization, driven by new highs in its shares on the trading floor and reinforcing its position as the leading European 'utility' and one of the two largest on the planet.
The electricity company led by Ignacio Sánchez Galán was up at 12.20 hours by 2.17%, with an Ibex 35 in positive territory, placing the price of its shares at an intraday high of 22.56 euros. In what is left of 2026, the listed company already adds a stock-market gain of more than 22%.
On October 21, Iberdrola communicated its results for the first nine months of the year, in which it recorded net profit of 5,816.1 million euros, which represents an increase of 9.6% compared with the same period of the previous fiscal year, and it again revised upward its forecasts for 2026, anticipating record gains at the end of the year, with an increase of at least 10% in adjusted net profit this year, supported by the execution of its investments and by the growing contribution of the new assets.
At the same time, the group reiterated its goal of sustaining, over the next five years, an average annual increase of 10% in adjusted net profit, taking advantage of the new investment cycle linked to the electrification of the economy.
Support from investment firms
The results through September, along with the energy company’s projections for the following years, have had the backing of the main investment firms.
Since the presentation of the accounts, up to five research firms have improved their valuation of the company, highlighting factors such as the increase in electricity demand associated with data centers and the strong investment needs in networks. In this context, Goldman Sachs has set its target price at 25 euros per share and HSBC at 24.10 euros per share.