Iberdrola SA
IBE: XMAD (ESP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€75.80 | Khgvw | Xpgtmrkfd |
Iberdrola: Through an Innovative Model, Firm Targets Data Center Leadership in Spain
No-moat Iberdrola held a webinar on data centers on Sept. 16, where it emphasized its targeted leadership in Spain through an innovative joint-venture model. However, earnings contribution by 2030 does not look material. We confirm our EUR 12.30 fair value estimate and view the shares as rich after their recent rally.