Iberdrola disputes NextEra for global leadership
Iberdrola, with a capitalization of 135.665 billion euros, is closing in on NextEra's position (139.304 billion), after years of disputes between the two companies.
Iberdrola is close to becoming the world's largest private electric company by market capitalization, surpassing NextEra. On Friday, Iberdrola's shares closed at 20.33 euros, with a market capitalization of 135.665 billion euros, while NextEra's shares closed at 76.08 dollars, with a market capitalization of 158.701 billion dollars.
NextEra's market value has been impacted by its acquisition of Dominion Energy, which has faced difficulties and regulatory opposition. Iberdrola, meanwhile, has seen its shares rise over 10% this year and 30% in the last 12 months, driven by its strategic shift towards electric networks and renewable energy.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
