The latest announcement is out from Iberdrola ( (ES:IBE) ).
Iberdrola, S.A. has announced a share buyback program, approved by its Board of Directors, aimed at reducing the company’s share capital. The program, which is contingent upon approval at the upcoming General Shareholders’ Meeting, will involve the repurchase of shares currently held in treasury, those acquired through the buyback, and shares obtained via certain derivatives. This move is expected to impact the company’s capital structure and could influence shareholder value.
More about Iberdrola
Iberdrola, S.A. operates in the energy sector, focusing primarily on the generation, distribution, and commercialization of electricity. It is a leading company in renewable energy, with a significant market presence in Europe and the Americas.
YTD Price Performance: 9.08%
Average Trading Volume: 2,132,277
Technical Sentiment Signal: Sell
Current Market Cap: €91.71B
For detailed information about IBE stock, go to TipRanks’ Stock Analysis page.