Iberdrola stock reports strong half year and rises 0.86 percent

Published on 10/05/2026 at 22:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock posted EUR 4.33 billion in first-half net profit, while Goldman Sachs set a EUR 25 target on October 1, 2026. Nine-month results are due October 21.

Aquarellmalerei der Stadt Bilbao mit Fluss und Brücken — Aquarellgemälde zeigt Bilbao Skyline und Fluss in weichen Pastelltönen für Iberdrola S.A. (ISIN ES0144580Y14), Illustration mit AI erstellt.

Iberdrola stock (ISIN ES0144580Y14) was last at EUR 21 on the BME on October 5, 2026 at 5:43 p.m. CEST, up 0.86 percent from the previous close. The company reported EUR 4.33 billion in net profit and EUR 8.05 billion in adjusted EBITDA for the first half of 2026, keeping earnings and investment at the center of the debate.

First-half earnings set the base

According to Iberdrola, the company invested EUR 7 billion in the first half of 2026, with 63 percent allocated to networks. Its network assets totaled EUR 55 billion, linking the reported result to a capital-intensive growth strategy.

The first-half figures also provide a clear comparison between profit and operating earnings: adjusted EBITDA of EUR 8.05 billion was EUR 3.72 billion above reported net profit of EUR 4.33 billion. That spread reflects the impact of financing, taxes and other items below operating earnings, rather than a direct measure of cash generation.

Goldman raises the valuation bar

As Investing.com reported on October 1, 2026, Goldman Sachs upgraded Iberdrola from Neutral to Buy and lifted its price target from EUR 21 to EUR 25. The new target was 21.3 percent above the September 30 close of EUR 20.61 cited in the report.

Goldman Sachs expects Iberdrola's earnings to grow at a compound annual rate of 10 percent from 2026 through 2031. Its investment view also carries a counterweight: the broker expects cash flow to remain negative through 2031 and net debt relative to earnings to reach 4 times by the end of the plan.

October results are next

Iberdrola's investor calendar lists October 21, 2026, for the presentation of its nine-month 2026 results at 9:30 a.m. CEST, according to Iberdrola. That date gives investors the next scheduled test of network investment, earnings growth and balance-sheet capacity.

Stock holds near yearly high

Iberdrola stock was last at EUR 21 on October 5, 2026, while its 52-week range stood at EUR 16.11 to EUR 22.08. The share price was 4.89 percent below the 52-week high, and the company's market capitalization was EUR 140.1 billion.