I am currently looking for a company that operates (not (only) builds) renewable energies. Preferably something European.

At first, of course, when I was searching$NEE (-3,62%) but they are based in the USA. Now I have found $IBE (-4,19%) landed. I found it very interesting that they now want to develop data centers in addition to renewable energies.

Which companies should I look at in this area?

Hello everyone,

I have had an Iberdrola savings plan for 2 months. $IBE (-4,19%) running. I save €150 per month. I want to reach €1650.

But on the subject:

In January, I will receive around €5 in dividends for my €300. But now I've received them as bonus shares because I didn't issue an instruction for the cash dividend within a week. I didn't look in my mailbox :I In my comdirect custody account, the selling costs just exceed the €5 position.

Does anyone know anything about this? Can I issue a new instruction for the next semi-annual dividend? So that I receive the cash dividend. Or do I always get new bonus shares now?

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- GOLDMAN raises the price target for SIEMENS ENERGY from EUR 56 to EUR 60. Buy. $ENR (-7,62%)

- BARCLAYS raises the target price for MERCEDES-BENZ from EUR 48.50 to EUR 50. Underweight. $MBG (-5,24%)

- JEFFERIES upgrades SMA SOLAR from Hold to Buy and raises target price from EUR 14 to EUR 20. $S92 (-3,41%)

- GOLDMAN raises the price target for DEUTSCHE BÖRSE from EUR 226 to EUR 231. Neutral. $DB1 (-7,39%)

- BOFA upgrades BBVA from Neutral to Buy and raises target price from EUR 11 to EUR 13. $BBVA (-8,63%)

- WARBURG RESEARCH upgrades FUCHS SE from Hold to Buy. Target price EUR 50. $FPE

- GOLDMAN raises the price target for FLATEXDEGIRO from EUR 17 to EUR 18. Buy. $FTK (-7,62%)

- BERENBERG raises the target price for IBERDROLA from EUR 12.30 to EUR 14. Hold. $IBE (-4,19%)

- JEFFERIES upgrades PVA TEPLA from Hold to Buy and raises target price from EUR 12 to EUR 19. $TPE (-8,28%)

- JEFFERIES raises the price target for FRIEDRICH VORWERK from EUR 23 to EUR 30. Hold. $VH2 (-9,12%)

- JEFFERIES raises the price target for ZEAL NETWORK from EUR 45 to EUR 58. Buy. $TIMA (-9%)

- JEFFERIES raises the price target for ADESSO from EUR 75 to EUR 85. Hold. $ADN1 (-3,4%)

- JEFFERIES upgrades NEL from Underperform to Hold. Target price NOK 3. $NEL (-5,48%)

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- BERENBERG lowers the price target for RWE from EUR 46.50 to EUR 42. Buy. $RWE (-5,32%)

- GOLDMAN lowers target price for EON from EUR 17.50 to EUR 17. Buy. $EOAN (-5,05%)

- HAUCK AUFHÄUSER IB downgrades AIXTRON from Buy to Hold and lowers target price from EUR 26.40 to EUR 13.80. $AIXA (-6,39%)

- METZLER lowers the price target for DWS from EUR 41 to EUR 40.50. Hold. $DWS (-10,21%)

- GOLDMAN lowers the price target for ASTRAZENECA from GBP 159.55 to GBP 155.58. Buy. $AZN (-7,37%)

- TD COWEN downgrades STMICRO to Hold. Target price EUR 24.50. $STM (-5,03%)

- JPMORGAN downgrades CONSTELLATION BRANDS to Neutral. Target price USD 203. $STZ (-1,74%)

- JEFFERIES lowers the price target for DOCMORRIS from CHF 65 to CHF 39. Buy. $DOCM (-1,82%)

- JEFFERIES lowers the price target for ATOSS SOFTWARE from EUR 112 to EUR 108. Hold. $AOF (-2,73%)

- JEFFERIES lowers the price target for JENOPTIK from EUR 34 to EUR 29. Buy. $JEN (-7,35%)

- JEFFERIES lowers the price target for KONTRON from EUR 29 to EUR 27. Buy. $KTN (-5,66%)

- JEFFERIES lowers the price target for SILTRONIC from EUR 95 to EUR 90. Buy. $WAF (-6,19%)

- JEFFERIES downgrades VERBIO from Buy to Hold and lowers target price from EUR 22 to EUR 11. $VBK (-5,42%)

- JEFFERIES downgrades SGL CARBON from Buy to Hold and lowers target price from EUR 9.50 to EUR 4.40. $SGL (-2,97%)

Depot update after 2 years

Wow, it's been two years since I wrote anything about my portfolio. So I thought I'd give you an interim update and report on what has changed since then.

Spoiler: Not too much. Hehe.

Since I tend to be more of a buy & hold investor, I'm also quite happy that I haven't completely overturned my strategy in the meantime.

Overview of

ETFs

• $VWRL (-4,56%) & $VWCE (-4,07%) as usual, because the All-World simply always works 🔥 The accumulator should and will always remain my largest position due to the monthly savings plan (small side note: I would still be missing a backpack or something to match my Vanguard hoodie ☝🏻🌚)
• NEW: $XEON (-0%) : I wasn't in the mood for overnight money hopping and needed something relaxed to park my money in the medium term. This money market ETF is a good solution for me.

Shares

• NEW: Partial sale $NVDA (-7,3%) : Nvidia somehow got too hot for me in between 💀 So I pulled out and the journey continues
• NEW: Sale $MSFT (-1,08%) : Since Microsoft is the top position in the All-World anyway, I wanted to reduce the overweight a little and got rid of it. Not because I was no longer convinced.
• The rest still has its place in my portfolio. The number is also sufficient for me to maintain an overview.

Crypto

• $BTC (+1,27%) & $ETH (-0,29%) as usual - I'm not the type for other altcoins

Outlook

I don't want to change too much. I'm currently planning an initial investment in $IBE (-4,19%) as I am convinced by the company. But the share price would have to fall a little for that :) I would then also have a representative of the energy suppliers in my portfolio.

In principle, I would like to add to all my shares when the opportunity arises, but it's not a bad thing if the ETF hangs over it as a giant monster for the time being. For me, my individual shares also largely fulfill the purpose of simply having fun and to learn something.

I had also toyed with the idea of staking Ethereum, but I'm currently leaning more towards switching into Bitcoin at some point. And what about gold? I've hardly looked into it so far. Let me know what you think.

Have a great evening! 😊

Analyst updates, 02.12.24:

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- EXANE BNP upgrades NOVO NORDISK to Outperform. Target price DKK 930. $NOVO B

- HSBC upgrades LVMH to Buy. Target price EUR 727. $MC (-3,42%)

- WARBURG RESEARCH raises target price for MTU from EUR 278 to EUR 297. Hold. $MTX (-8,13%)

- GOLDMAN raises the price target for VISA from USD 324 to USD 347. Buy $V (-4,06%)

- DEUTSCHE BANK RESEARCH upgrades BASF from Hold to Buy and raises price target from EUR 50 to EUR 55. $BAS (-4,29%)

- DEUTSCHE BANK RESEARCH upgrades BURBERRY from Hold to Buy and raises target price from GBP 8.60 to GBP 11.80. $BRBY (-5,55%)

- GOLDMAN raises the target price for AROUNDTOWN from EUR 2.90 to EUR 3.70. Buy. $AT1 (-6,01%)

- GOLDMAN downgrades TOAST from Buy to Neutral and raises target price from USD 34 to USD 45. $TOST (-5,36%)

- HSBC upgrades HERMES to Buy. Target price 2500 EUR. $RMS (-1,7%)

- MORGAN STANLEY upgrades ZEBRA TECH to Equal-Weight. Target price 400 USD. $ZBRA (-5,36%)

- JPMORGAN upgrades AIR LIQUIDE from Neutral to Overweight and raises target price from EUR 161 to EUR 195. $AI (+1,22%)

- JPMORGAN raises target price for PUMA SE from EUR 44 to EUR 47. Neutral. $PUM (-1,04%)

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- GOLDMAN lowers the price target for MASTERCARD from USD 563 to USD 557. Buy. $MA (-4,07%)

- WARBURG RESEARCH lowers the price target for AIXTRON from EUR 26 to EUR 24. Buy. $AIXA (-6,39%)

- METZLER lowers the price target for WACKER NEUSON from EUR 14.50 to EUR 14. Hold. $WAC (-7,56%)

- DEUTSCHE BANK RESEARCH downgrades K+S from Hold to Sell and lowers target price from EUR 9.75 to EUR 9.50. $SDF (+0,6%)

- BERENBERG lowers the price target for BP from GBP 4.70 to GBP 4.40. Hold. $BP. (-8,68%)

- RBC downgrades IBERDROLA from Outperform to Sector-Perform. Target price EUR 14 $IBE (-4,19%)

- RBC lowers the price target for RWE from EUR 52.50 to EUR 45.50. Outperform. $RWE (-5,32%)

- JPMORGAN lowers the target price for ORSTED from DKK 460 to DKK 430. Neutral. $ORSTED (-7,33%)

- JPMORGAN lowers the price target for ADIDAS from EUR 275 to EUR 266. Overweight. $ADS (+0,6%)

- JPMORGAN lowers the price target for LVMH from EUR 685 to EUR 650. Neutral. $MC (-3,42%)

- JPMORGAN lowers the price target for HUGO BOSS from EUR 43 to EUR 42. Neutral. $BOSS (-1,41%)

The UK energy regulator Ofgem has approved a major contract for a $2.5 billion submarine cable project linking north-east Scotland with north-east England. This "Eastern Green Link 2" project, a 525 kV link with a capacity of 2 GW, will transport renewable energy and reduce bottlenecks in the grid. Scheduled for completion in 2029, it supports the UK's ambition to modernize its energy infrastructure for a carbon-free future.

The project is being carried out in collaboration with $IBE (-4,19%) among others.

Personal opinion:

Such investments are important for a modern future and secure energy supply. The transportation of renewable energies in particular often fails, which can be increasingly improved by such measures.

Source:

https://www.bloomberg.com/news/articles/2024-11-15/uk-energy-regulator-ofgem-approves-2-billion-wind-power-link

The news is based on what I personally consider to be reputable sources. However, I do not guarantee their accuracy. No advice.

Iberdrola Q3 2024 $IBE (-4,19%)

Financial performance:

Iberdrola recorded a strong financial performance in the first nine months of 2024, with net profit increasing by 50% to €5.471 million compared to the same period last year. Recurring EBITDA increased by 11% to €11.551 million, driven by solid results in all business areas. The company's total cash flow increased by 69% to EUR 13.821 million, reflecting improved operational efficiency and strategic asset redeployment.

Balance sheet analysis:

As of September 2024, Iberdrola's total assets amounted to €154.965 million, compared to €150.033 million at year-end 2023. Equity increased to €62.110 million, indicating a solid capital base. Adjusted net debt decreased to EUR 46.697 million, improving the company's debt position. Liquidity remains strong, at over EUR 22 billion, sufficient to cover financial needs for more than 20 months.

Profit and loss account:

Revenue in the first nine months of 2024 amounted to EUR 33,116.8 million, a decrease compared to EUR 37,193.0 million in the same period of 2023. Despite the decrease in revenue, the gross margin improved to EUR 18,045.3 million due to better cost management and increased operational efficiency. Operating expenses as a percentage of the gross margin fell slightly to 25.4 %.

Cash flow analysis:

Iberdrola's operating cash flow was strong, with adjusted funds from operations (FFO) increasing to €11.801 million, up 6.3% year-on-year. The company effectively used its operating cash flow to support organic investments, which increased by 12% to EUR 8.6 billion. The cash inflows from investing activities were mainly used for the expansion of the network and renewable energy projects.

Key figures and profitability:

The ratio of FFO to adjusted net debt improved to 25.3%, indicating increased financial stability. The adjusted gearing ratio fell to 42.6%, further strengthening the company's balance sheet. The return on equity (ROE) rose to 14.56%, reflecting improved profitability.

Segment analysis:

The Network segment reported EBITDA growth of 11%, driven by tariff increases and a larger asset base, particularly in the US and UK. The Power Generation & Customers segment also recorded an 11% increase in EBITDA, supported by new offshore wind capacity. However, the segment recorded a 20% decline in EBITDA in the UK due to one-off problems.

Competitive analysis:

Iberdrola continues to strengthen its market position through strategic acquisitions and investments in renewable energies. The acquisition of Electricity North West and the purchase of Avangrid shares are expected to strengthen its presence in key markets. The company's focus on decarbonization and the expansion of its renewable energy portfolio is in line with industry trends towards sustainable energy.

Forecasts and comments from management:

Iberdrola has raised its full-year net profit guidance to around €5.5 billion, excluding capital gains from asset redeployment. Management is optimistic about future growth, driven by increased investment in networks and renewable energy. The company plans to triple its offshore wind capacity by 2030, underlining its commitment to sustainable growth.

Risks and opportunities:

Key risks include regulatory changes, particularly in Spain, and the potential impact of currency fluctuations. Opportunities arise from the expansion of capacities in the area of renewable energies and the use of strategic acquisitions to strengthen the market presence. The company's strong liquidity position and focus on long-term contracts also provide a buffer against market fluctuations.

Summary and strategic implications:

Iberdrola's financial performance in the first nine months of 2024 reflects strong growth in key metrics, supported by strategic investments and operational efficiencies. The company's focus on renewables and grid expansion positions it well for future growth. Although challenges remain, particularly in the regulatory environment, Iberdrola's robust financial position and strategic initiatives provide a solid foundation for continued success.one of the best electricity/energy/utility stocks for me.

Positive statements:

• Iberdrola reported a 50% increase in net profit to €5.471 million, supported by strong operating performances in all business areas.
• Recurring EBITDA increased by 11% to 11.551 million euros, driven by robust growth in the Networks and Power Generation & Customers segments.
• Iberdrola's investment strategy focused on long-term growth, with organic investments increasing by 12% to €8.6 billion, mainly benefiting the Networks.
• The company raised its full-year net profit forecast to around 5.5 billion euros, excluding capital gains from asset reallocations.
• Iberdrola's financial strength was underpinned by a 69% increase in total cash flow to €13.821 million and an improvement in the FFO to adjusted net debt ratio to 25.3%.

Negative statements:

• In the UK, EBITDA fell by 20% to GBP 1.079 million, impacted by one-off special effects.
• In Spain, EBITDA fell by 1.7% to EUR 1.226 million due to lower nuclear energy production and difficult market conditions.
• The contribution from currency effects (FX) was EUR 50 million lower in 2024 than in 2023, despite positive effects from currency derivatives.
• In Brazil, EBITDA decreased by 7.8% to BRL 1,240 million, as the contribution from hydropower plants and higher wind resources was not sufficient to offset the lower thermal power generation.
• Iberdrola's operating expenses, excluding the capital gain in Mexico, increased by 5.3%, indicating higher costs.

I want to diversify into Europe and the utility sector and am looking at Iberdrola $IBE (-4,19%) Iberdrola. It seems a little overheated to me. I would like your opinion but am not asking for financial advice.

Investment horizon - 20 years