Iberdrola Raises 2026 Targets on 9% Profit Growth, Demand Surge

Iberdrola reported a 9% rise in adjusted net profit to €5.1B for Jan-Sep, excluding the sale of 13 plants to Mexico, and raised its 2026 guidance to double-digit growth, citing unprecedented international electricity demand. The company also targets double-digit growth over the next five years. This signals strong sector momentum and potential upside for renewable energy equities, though the demand surge's sustainability remains uncertain.

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