Iberdrola SA

IBE: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€35.00	Wnqf	Wbnjvpltd

Iberdrola Earnings: Tariff Collection a Tailwind for Beating Expectations

Tancrede Fulop

Apr 26, 2023

We are currently maintaining our fair value estimate of EUR 10.60 for no-moat Iberdrola after the firm released first-quarter results above expectations. We currently view shares as fairly valued.

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