On October 1, 2026, Goldman Sachs upgraded Iberdrola to buy from neutral. [4, 5, 12] It raised its price target to €25.00 from €21.00. [4, 5, 12] The bank expects robust, double-digit earnings growth through 2031. [3, 5, 13]
Goldman cited Iberdrola’s investment in regulated electricity networks as a key driver. It expects the company to outline a capital spending plan of approximately €100 billion for 2026-2031, focused mainly on grid projects in the U.S. and Britain. [3, 4]
Iberdrola has also completed a deal with Singapore’s sovereign wealth fund, GIC, to expand their electricity transmission grid alliance in Brazil. [2, 7, 8]