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Iberdrola ( (ES:IBE) ) has issued an announcement.
Iberdrola’s net electricity production for 2024 shows mixed results across different regions and energy sources. The company saw growth in solar and offshore wind production, but overall production decreased by 21.4% compared to 2023. This shift reflects Iberdrola’s strategic focus on expanding renewable energy capacity while facing challenges in nuclear and combined cycle gas production. The varied performance across regions such as Spain, the United States, and Brazil highlights the complex dynamics of the global energy market as Iberdrola continues to position itself as a leader in renewable energy.
More about Iberdrola
Iberdrola is a multinational electric utility company based in Spain. It operates in the energy sector with a primary focus on electricity generation and distribution, investing heavily in renewable energy sources such as wind, solar, and hydroelectric power.
YTD Price Performance: 4.18%
Average Trading Volume: 1,994,126
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €85.27B
See more insights into IBE stock on TipRanks’ Stock Analysis page.
