BME:IBEElectric Utilities
Iberdrola (BME:IBE) Valuation Check As Eastern Green Link 4 Contracts Spark Fresh Interest
Iberdrola (BME:IBE) is back in focus after its subsidiary SP Energy Networks awarded more than £3bn in contracts for the Eastern Green Link 4 subsea interconnector between Scotland and England.
See our latest analysis for Iberdrola.
The EGL4 contracts land at a time when Iberdrola’s €19.745 share price reflects mixed short term trading, with a 7 day share price return of 2.31% but a 30 day share price return of a 1.52% decline, while longer term momentum is stronger, highlighted by a 1 year...