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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Iberdrola, S.A.    IBE   ES0144580Y14

IBERDROLA, S.A.

(IBE)
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Iberdrola S A : to create new business unit to develop green hydrogen

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09/21/2020 | 02:03pm EDT

Spanish utility Iberdrola said on Monday it would create a new business unit aimed at developing green hydrogen to supply industry and heavy transport.

The company said it will use renewable energy to power electrolysis which splits water into hydrogen and oxygen.

In July, the European Commission mapped out a plan to expand the production and use of green hydrogen.

The aim is to scale up European green hydrogen projects across polluting sectors - from chemicals to steel - to meet a net zero emissions goal by 2050 and become a leader in a market analysts expect to be worth $1.2 trillion (933.85 billion pounds) by that date.

Iberdrola said the first project in Puertollano, in southern Spain, will comprise of a 100 megawatt solar photovoltaic plant, a lithium-ion battery system for storage and an electrolysis system to produce hydrogen.

With an investment of 150 million euros (136.96 million pounds), the plant will be commissioned in 2021.

In Britain, through Iberdrola's subsidiary ScottishPower, Iberdrola is participating in a project which will implement a network of green hydrogen production plants to supply fleets and heavy transport, it added.

(Reporting by Nina Chestney; editing by David Evans)


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Financials
Sales 2020 36 757 M 42 803 M 42 803 M
Net income 2020 3 734 M 4 348 M 4 348 M
Net Debt 2020 39 339 M 45 811 M 45 811 M
P/E ratio 2020 17,5x
Yield 2020 4,10%
Capitalization 62 035 M 72 293 M 72 239 M
EV / Sales 2020 2,76x
EV / Sales 2021 2,67x
Nbr of Employees 35 816
Free-Float 94,7%
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Technical analysis trends IBERDROLA, S.A.
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 11,00 €
Last Close Price 10,13 €
Spread / Highest target 25,4%
Spread / Average Target 8,69%
Spread / Lowest Target -15,1%
EPS Revisions
Managers
NameTitle
José Ignacio Sánchez Galán Chairman, President & Chief Executive Officer
José Sáinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Íñigo Víctor de Oriol Ibarra External Director
Samantha Catherine Barber Independent Director
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