In a market report, Citi analysts said they do not believe that the premium on Iberdrola (OTC:IBDRY) (BME) shares is justified by its stable profit growth and high-quality assets.
Avangrid (AGR) to be acquired by Iberdrola in an all-cash transaction, expected to close in fourth-quarter 2024. AGR expects to produce clean energy post-acquisition.
Here is how California Water Service Group (CWT) and Iberdrola S.A. (IBDRY) have performed compared to their sector so far this year.