Iberdrola Raises Profit Outlook Through 2030
Iberdrola raised its 2024 profit target and expects faster earnings growth through 2030. The Spanish utility is benefiting from a strategic focus on expanding power networks in key markets.
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Iberdrola SA raised its annual net profit guidance to at least 10% on Wednesday morning, outpacing its previous 8% forecast. The upgrade stems from sustained demand across power networks in United Kingdom and United States alongside a disciplined pivot in renewable energy. The revision cements the firm's standing as the global utility sector's second-largest player by market capitalization.
