Author: VINCENT WEST | Reuters
It overtook the American Duke Energy, with which it competes closely
Iberdrola became the second electric company in the world by value on the stock exchange that exceeds 70,000 million eurosonly behind American NextEraaccording to the closing of the parquet floor this Friday.
According to Europa Press, the electric company which chaired by Ignacio Galán managed to climb to the podium in the week in which the main Spanish presented the results. Basque company closed this Friday with a market capitalization of 70.201 million euros, surpassing the American Duke Energy with which it competes very closely. With 136,000 million euros, NextEra is the world’s leading power company.
Leader in Europe
IN Europe, Iberdrola was already leading the rankings then the company with the largest capitalization above the Italian Enel, Endesa’s parent company, and the French state-owned EdF, which closed yesterday with a capitalization of 53.212 million euros and 46.108 million euros, respectively.
The Spanish power company recorded a net profit of 4.339 million euros in 2022, which represents an improvement of 11.6% compared to the previous year.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
