Iberdrola has added its tenth consecutive week of rises on the stock market, setting new all-time highs in its share price and surpassing €158 billion in market capitalization.
Specifically, the electricity company’s shares closed this Friday’s trading session with a gain of 1.54% for the day, to €23.70 per share, to raise its market capitalization to €158,153 million.
So far in 2026, the group’s shares have gained almost 29%. In this way, Iberdrola is positioned as Europe’s top ‘utility’ and among the two largest in the world by market value.
This stock-market upswing is backed by investor confidence, since the market consensus valuations reflect that none of the more than 30 firms that follow Iberdrola recommends selling—something that has not been seen in any of the other five largest global energy companies.
Iberdrola thus chains ten consecutive weeks with a bullish weekly balance, a sequence that had not been recorded until now in the company’s stock-market history.
BET ON ELECTRIFICATION
Thus, analysts endorse the bet by the company chaired by Ignacio Sánchez Galán on electrification, which has stopped being only a long-term expectation and starts to materialize in investment, results, analyst revisions, and stock-market performance. In this way, since September there have been 15 upgrades to the price target for Iberdrola, with an average increase of more than 10%.
Experts incorporate into their models that higher electricity demand implies greater needs for networks and investment—precisely the areas in which the energy company has concentrated much of its strategy and its future growth.
Thus, Goldman Sachs, which has begun recommending “buying” the shares of the Spanish company, or Morgan Stanley, which has recently raised its recommendation to “overweight,” reaffirm this bullish push in the company’s stock. In the case of the latter firm, it set its valuation at €26 and granted Iberdrola additional potential of nearly 15%, over the all-time highs in which it is currently trading.
Networks appear recurrently among the arguments that support analysts’ positive outlook. They constitute precisely Iberdrola’s main attraction and provide visibility, recurrence, and growth at a time when electrical infrastructure needs are increasing strongly.
Likewise, the company’s positioning in markets such as the United States, the United Kingdom, Brazil, and Finland, together with the quality of its assets, its financial strength, and its execution capacity, reinforces that perspective.
UPWARD FORECASTS
Its latest results have also boosted Iberdrola, in which it reached, in the first nine months of the year, net profit of 5,816 million euros, 9.6% more.
In addition, at the results presentation of last October 21, the company again raised its forecasts and expects adjusted net profit to grow by at least 10% in 2026. It has also set as a goal for the next five years to maintain an average annual growth of 10% in adjusted net profit, taking advantage of the new investment cycle that electrification of the economy opens up.
Therefore, the increase in electricity demand, the integration of renewables, and the need to develop the networks business shape a scenario of structural growth for the coming years.