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Iberdrola ( (ES:IBE) ) just unveiled an announcement.
Iberdrola has sold a 49% stake in Windanker GmbH, the company developing the Windanker offshore wind farm in Germany, to Windanker Investco B.V., part of Kansai Electric Power Company. This transaction, completed after obtaining necessary regulatory approvals, reflects Iberdrola’s strategic move to optimize its asset portfolio and strengthen its financial position in the renewable energy sector.
More about Iberdrola
Iberdrola is a leading company in the energy industry, primarily focusing on renewable energy sources such as wind power. It operates internationally, with a significant presence in countries outside of Spain, the United Kingdom, the United States, Brazil, and Mexico.
YTD Price Performance: 19.35%
Average Trading Volume: 2,108,085
Technical Sentiment Signal: Sell
Current Market Cap: €99.47B
For an in-depth examination of IBE stock, go to TipRanks’ Stock Analysis page.