Iberdrola: Wind Energy Momentum Can Drive Growth

Long Term Tips Investing Group Leader Follow Summary Iberdrola might be a big electric utility already, with 75% of its power generated from renewable sources, but its relevance is only set to get bigger. The contribution of wind energy to total production is on the rise, with robust growth in offshore wind production. Also, the company's planned investments are heavily tilted towards wind. Supporting the promise of renewables is the company's financial performance and prospects, particularly the healthy expected profit growth. Its good dividend yield is a positive too. While the stock's market valuations work against it in the short run, over a longer time frame, it looks far more attractive. Looking for a helping hand in the market? Members of Green Growth Giants get exclusive ideas and guidance to navigate any climate. Learn More » KE ZHUANG/E+ via Getty Images Here's a clean energy fact to consider. Of all clean energy segments, wind energy stocks have seen the fastest gains YTD. The First Trust Global Wind Energy ETF ( FAN ) is up ~17%, while the Invesco This article was written by Long Term Tips 9.53K Followers Follow Long Term Tips focuses on the generational opportunity in the fast growing green economy, which has seen a CAGR of ~14% over the past decade.The profile is run by Manika Premsingh, who heads the investing group Green Growth Giants and also runs another Seeking Alpha profile in her own name. She is a macroeconomist, with over 20 years of experience in industries including investment management, stock broking, investment banking. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.