Iberdrola Renovables, S.A. (Madrid SE C.A.T.S.)

sector: Utilities . industry: Utilities - Electric · View IBR on other exchanges

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Iberdrola Renovables SAU is a Spain-based company primarily engaged in the development, construction, operation and exploitation of power plants that use renewable energy sources, as well as the sale of electric energy. Additionally, the Company is involved in the research and development of such technologies as marine biomass and tidal energy. The Company’s facilities include wind, mini-hydroelectric and thermo-solar energy power stations with operations established in North, Central and South America, Europe, Africa, the Middle East and Asia. As of December 31, 2008, the Company had a total installed capacity of 9,302 megawatts (MW). On June 13, 2008, the Company signed a wind turbine supply agreement with Gamesa Eolica SL. The Company is a subsidiary of Iberdrola SA.

Find Out More About Iberdrola Renovables, S.A.

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Iberdrola Renovables cotizará con ADRs en los mercados de EEUU

Agencias 11/06/2009 - 12:00
http://www.eleconomista.es/flash/noticias/1321830/06/09/Iberdrola-Renovables-cotizara-con-ADRs-en-los-mercados-de-EEUU-.html
1 comentario

Iberdrola Renovables ha obtenido autorización de la Securities and Exchange Commission (SEC), el supervisor bursátil de Estados Unidos, para comenzar a operar un programa sponsored de ADRs (American Depositary Receipts) Nivel I, que facilitará el acceso a sus acciones de los inversores estadounidenses.

Estos certificados, que sustituyen a los emitidos anteriormente por otras entidades depositarias bajo la modalidad non sponsored, representan cinco títulos de Iberdrola Renovables cada uno, y se negociarán en el mercado OTC (Over the Counter) donde Citibank, actuará como banco depositario.

Estados Unidos es uno de los mercados prioritarios para Iberdrola Renovables, líder mundial en energía eólica y segundo operador del país con una capacidad instalada de 3.031 megawatios (el 31,5% del total de la empresa en el mundo) a finales del primer trimestre. La potencia total de la compañía en el mundo ascendía a 9.624 megawatios el pasado 31 de marzo.

La junta de Iberdrola Renovables aprueba el pago de su primer dividendo, de 2,5 céntimos por acción

Noticias Relacionadas

• Economía/Empresas.- La junta de Iberdrola Renovables aprueba el pago de su primer dividendo, de 2,5 céntimos por acción (10/06/2009)
• Economía/Empresas.- Iberdrola Renovables prevé invertir "entre 2.000 y 2.500 millones" en 2009 y elevar el "pay out" (09/06/2009)
• EconomíaEmpresas.- Iberdrola Renovables impedirá la entrada al consejo de vocales con intereses opuestos a la sociedad (07/05/2009)

Sánchez Galán afirma que Estados Unidos será el principal país de crecimiento

VALENCIA, 10 Jun. (EUROPA PRESS) - http://www.europapress.es/economia/noticia-economia-empresas-junta-iberdrola-renovables-aprueba-pago-primer-dividendo-25-centimos-accion-20090610152542.html

La junta de accionistas de Iberdrola Renovables aprobó hoy el pago de un dividendo único de 2,5 céntimos de euro brutos por acción, el primero que repartirá la compañía desde que cotiza en bolsa, y que representa un 'pay out' del 27 por ciento, porcentaje superior al anunciado a raíz de su salida a bolsa en diciembre de 2007, cuando adelantó que destinaría a dividendos entre el 20 y el 25 por ciento de los beneficios de 2008.

La junta de accionistas de la compañía presidida por Ignacio Sánchez Galán dio 'luz verde' así en la primera sesión celebrada en Valencia, que contó con un quórum del 88,70 por ciento, al pago de la retribución a los accionistas, que se realizará el próximo 15 de julio.

Asimismo, los accionistas aprobaron la modificación de los estatutos sociales y del reglamento de la junta general de accionistas "para adaptarla a las recomendaciones de buen gobierno", señaló Sánchez Galán.

También ratificaron los nombramientos de dos consejeros externos dominicales, Santiago Martínez Garrido y María Dolores Herrera Pereda, y renovaron el acuerdo para autorizar al consejo para la constitución y dotación de asociaciones y fundaciones por un máximo de 2,5 millones de euros anuales.

Sánchez Galán reafirmó durante el transcurso de la junta el "compromiso" de Iberdrola Renovables "como empresa tractora de la actividad económica, y auténtico motor para la recuperación en los países en los que está presente", al tiempo que aseguró que se sienten "profundamente unidos y comprometidos" con la Comunitat Valenciana, donde trasladaron su sede hace un año.

En este sentido, sostuvo que "las compañías eléctricas están llamadas a jugar un papel fundamental en la superación de esta crisis, porque son motores de crecimiento y dinamizadoras de toda la economía, a través de sus cuantiosas inversiones, y creando empleo".

"La energía eólica va a tener una especial relevancia --prosiguió--, y prueba de ello es que estamos asistiendo a una manifiesta unanimidad en declaraciones de gobiernos y organizaciones internacionales, atribuyendo a esta tecnología un papel de protagonista indiscutible en la reactivación de la economía".

Sánchez Galán valoró asimismo el "importante y sólido crecimiento" experimentado por los resultados de la compañía en 2008, a pesar del complicado contexto económico global, un ejercicio en el que obtuvo un beneficio neto de 390,2 millones de euros, lo que supuso multiplicar por 3,3 el del año anterior, y un resultado bruto de explotación --Ebitda-- de 1.185,5 millones, el doble que en 2007.

Atribuyó esa positiva evolución de sus ratios a que Iberdrola Renovables "ha hecho valer su historia de anticipación y ejecución, creciendo por encima del ritmo previsto; ha sido capaz de crear riqueza, triplicando el beneficio obtenido el año anterior y generando empleo a través de sus múltiples inversiones; y se ha consolidado como la mayor empresa del mundo en su sector".

El presidente de la firma avanzó que afrontan el futuro "con enorme confianza", gracias a "un sólido balance para seguir haciendo frente a la continua expansión, un modelo de negocio flexible que nos permite adaptar el crecimiento a la evolución del entorno y unos activos muy diversificados geográficamente, que nos otorgan una generación de ingresos estables y muy recurrentes", dijo.

Iberdrola Renovables está presente en 23 países, y posee casi la mitad de sus activos en España, más de un tercio en Estados Unidos, un 7 por ciento en el Reino Unido y alrededor de un 10 por ciento en el resto de Europa y otros países.

"IMPORTANTES OPORTUNIDADES"

Sánchez Galán destacó que "se vislumbran importantes oportunidades y hay que estar preparados para aprovecharlas" y precisó que "de nuevo, Estados Unidos será el principal país de crecimiento, con la mitad de la nueva potencia instalada".

En este punto, resaltó el apoyo a la energía eólica del presidente de EEUU, Barack Obama, y valoró los avances regulatorios incluidos en la Ley de Estímulo de la Economía y la futura Ley de la Energía, hitos que constatan que Iberdrola Renovables está "en el sector adecuado y en el momento idóneo, ya que el desarrollo energético mundial apuesta inequívocamente por las energías renovables", sentenció.

IBERDROLA

BUY OR SELL-Can Brazil's stock market rally further?

Thu May 14, 2009 9:26am EDT - http://www.reuters.com/article/marketsNews/idINN1442298120090514?rpc=44&sp=true

* Bears say Brazil's stocks climbed too far, too fast

* Bulls say rally reflects Brazil's economic rebound

By Guillermo Parra-Bernal

SAO PAULO, May 14 (Reuters) - Brazil's benchmark Bovespa stock index .BVSP has gained a sizzling 34 percent since touching this year's low on March 2, driven by a revival in risk appetite among foreign investors.

Some analysts say the Bovespa has rallied too far too fast in such a short time, and that a selloff may be on the horizon. But stock bulls say the higher share prices reflect an ongoing economic recovery and don't expect the rally to ebb any time soon, barring a few sessions of profit-taking.

Foreign investors poured $2.2 billion into the Bovespa in March and April, according to data released by the exchange. On Wednesday, the Bovespa tumbled 3.27 percent to 48,679.19, in line with global markets.

Does the Bovespa index have room to resume its rally in the short term?

BUY

"We are at the beginning phase of the next bull market. So entering the market now may not be a question of value opportunities but where do you want to be positioned for the long term," said Geoffrey Dennis, a Latin America equities strategist with Citigroup Inc in New York.

Brazil's economy is emerging from recession as government steps to unclog credit and resilient domestic demand offset eroding confidence, he said. Dennis expects the Bovespa to reach 60,000 by the end of 2009 as lower interest rates and a recovery in corporate profits fan renewed interest in stocks.

"Those who run the show in the markets look at their graphs and see no reason why this rally should fizzle," said Helena Biasotto, who helps manage about 5 billion reais in stocks and bonds for Banrisul in the Brazilian city of Porto Alegre. "The 'buy' mode is switched on."

While Dennis favors buying banking, materials, consumer and energy stocks, Biasotto also recommends adding shares of small caps as profits "withstood satisfactorily the flurry of bad events that were brought about by the global crisis."

"Brazil has made a major move off the bottom of the market," said Dennis, who doesn't rule out a slight downward correction in prices in the near term. Still, he said, "The outlook is extremely good for the rest of the year."

SELL

"We would not chase this rally and, for those investors that participated in this up-leg, we are recommending taking some profits off the table," said Vinicius Silva, emerging markets strategist with Morgan Stanley & Co in New York, adding that he is "optimistic longer term" about the Bovespa.

Although Silva says the Bovespa may still rise to 60,000 by year end, companies in the index are trading at 13 times earnings, valuation levels he deems as rich. "In the near term the absolute return outlook is unattractive."

"The market has done so well until the start of May on anticipation of a firmer global recovery that the hefty gains we have seen created a valuation problem" for Brazil stocks, said Deutsche Bank equities strategist Guilherme Paiva.

Room for short-term gains in the Bovespa are limited by the fact that recent interest-rate cuts that left the Selic rate at a record-low 10.25 percent last month obeyed more to "cyclical than structural factors," Paiva said.

Deutsche Bank sees the Bovespa falling to 45,000 by the end of Northern Hemisphere summer. That might be an entry level for Brazilian shares again, Paiva said. (Additional reporting by Elzio Barreto; Editing by Brian Moss)

© Thomson Reuters 2009 All rights reserved

GOLD FIELDS - (GFU.S)

Gold Fields investment grade rating
- http://www.summit.co.za/news/biz8.html

Gold Fields, the world's fourth-largest gold producer, on Thursday said Standard and Poor's Ratings Services (S&P) has assigned the company a 'BBB-/ A-3' long-term and short-term global corporate credit rating and 'zaA/zaA-1' long-term and short-term South Africa national scale corporate credit rating. The outlook is stable.

The gold producer said while it intended to reduce debt over the next 18 months, the official credit rating gives it the flexibility to efficiently structure long-term debt as well as new debt, should the need arise.

S&P said the long-term ratings reflect Gold Fields' satisfactory business risk and intermediate financial risk profiles while the short-term ratings reflect Gold Fields' adequate liquidity.

The ratings agency said the satisfactory business risk profile reflects Gold Fields' market position as the world's fourth-largest gold producer, an industry-leading long reserve life of over 20 years, and healthy profitability underpinned by persistently strong gold prices.

S&P said the stable outlook reflected the expectation that Gold Fields would continue to report healthy cash flow generation, supported by ongoing strong gold prices and a weak exchange rate.

"Capital expenditures, in our view, should moderate, but are likely to remain quite significant, as the company invests in developing its assets to increase production," said S&P credit analyst Alex Herbert.

S&P pointed out that on the basis of the base-case price assumption for gold of US$750 per oz in 2009 and 2010, it anticipates that cash flows could be mostly consumed by such spending.

"We do not currently envisage upward rating potential in the near term.

This reflects inherently volatile gold prices and exchange rates, capital intensity, and cost pressures, as well as operating and country risks and quite limited diversification, which may improve over time," Herbert said.

Nevertheless, the ratings agency noted continued moderate leverage so the ratings currently have some scope to accommodate additional debt, if necessary, during periods of high gold prices.

But it warned that negative rating pressure could develop if the company is unexpectedly not successful in strengthening its liquidity profile, notably if near-term debt maturities due in May 2009 are not adequately refinanced.

Other adverse factors would be lower-than-expected gold prices, leading to weaker credit metrics for the ratings.

"The credit rating is an independent endorsement of Gold Fields as an investment grade company with a stable outlook," said Gold Fields chief financial officer Paul Schmidt.

"The rating further confirms aspects such as Gold Fields' sound corporate governance and risk management while aligning it with global best practice and its peers.

"Although the intention is to reduce debt over the next 18 months, an official credit rating will allow flexibility to efficiently structure long-term debt as well as new debt, should the need arise," Schmidt said.

At 3.27pm shares in Gold Fields were 5.31% or R5.95 firmer at R117.95 on the JSE.

Q-Cells (QCEG.DE)

Q-Cells Investor Relations
http://www.qcells.de/en/investor_relations/index.html

07:58GMT 19March2009 - Q-Cells seen higher; confirms 2008 figures

Shares in Q-Cells (QCEG.DE), the world's largest maker of solar cells, are indicated 5.4 percent higher after the company confirms its preliminary figures for 2008.

"The long-term downtrend of the Q-Cells shares is not yet broken, but the bullish sentiment in the market today could lead to a positive development in this session," Close Brothers Seydler writes in a note.

Sony Corp (Tokyo Stock Exchange)

Latest News

Wall St dumps film deals on Hollywood investors
9:13am EST

NEWSMAKER-Stringer wins Sony office politics, real fight ahead
5:59am EST

Nikkei slides 3.8 percent on econ woes, banks hit hard
2:39am EST

UPDATE 2-Sony shares outstrip peers after shake-up
2:39am EST(RTRS)

Nikkei slides 3.8 pct on econ woes, banks hit hard
2:34am EST

More 6758.T News...

Sony shares outstrip peers after shake-up

Mon Mar 2, 2009 2:39am EST

    *Shares end down 0.5 pct vs sector index's 3.2 pct fall
   *Management reshuffle boosts hopes for quicker reform steps
   *Long-term prospects remain unclear
   
(Adds fresh fund manager, analyst comments)
   TOKYO, March 2 (Reuters) - Shares of Sony Corp <6758.t>
outperformed those of its rivals in a sliding market on Monday,
as CEO Howard Stringer's move to directly oversee the electronics
arm at the centre of the firm's problems raised investor hopes
for speedier restructuring.
   But market players said the management reshuffle alone, which
saw Stringer replace Sony's president with himself, was unlikely
to put the company back on a growth path, and they were waiting
for new products and reforms to show the firm was heading in the
right direction.
   Current President Ryoji Chubachi, the current Sony No.2 and
head of the electronics division making Bravia flat TVs,
Cyber-shot digital cameras and Handycam camcorders, will become
vice chairman in the reshuffle announced on Friday. [nT212310]
   It is the latest in a series of management changes at Japan's
top exporters in recent months including Toyota Motor Corp
<7203.t> and Honda Motor Co Ltd <7267.t> as they grapple with a
widening recession.
"Eliminating layers and rebuilding a system so that he can
lead the business himself is not a bad decision," said Mitsushige
Akino, chief fund manager at Ichiyoshi Investment Management.
   "Now it's up to Stringer's capacity as a top-down manager. If
he can lead the company effectively, recovery would be quicker."
   Sony, which runs a long way behind Apple Inc's  iPod
in portable music and Nintendo Co Ltd's <7974.os> Wii in video
games, is set to post an record operating loss of 260 billion yen
($2.7 billion) for the year to March 31, with problems in its
electronics unit largely to blame.
   Shares in Sony closed down 0.5 percent at 1,660 yen,
outperforming the Tokyo stock market's electrical machinery index
<.IELEC.T>, which lost 3.2 percent.
   Sony stock fell 69 percent in calendar 2008, compared with a
54 percent decline in the subindex.
   
   TV TURNAROUND
   Nikko Citigroup raised its rating on Sony to "buy/high risk"
from "hold/high risk", citing expectations for accelerated
restructuring, and it raised its target price for Sony shares 5
percent to 2,200 yen from 2,100 yen. [nTFA004310]
   "We see evidence of a new importance being attached to speed
and detect a readiness to reform," Nikko Citigroup analyst Kota
Ezawa said in a note to clients.
   One of the top priorities for the new management is to stop
bleeding red ink in its TV operations, which have been losing
money in recent years despite Sony being the world's No.2 LCD TV
maker behind Samsung Electronics Co Ltd <005930.ks>.
   Stringer's ties with the electronics division are not as
close as those of Chubachi, who has been with the unit through
his career at Sony, making it easier for Stringer to take drastic
steps with the TV operations -- including withdrawal, Akino said.
   As part of the overhaul unveiled on Friday, Sony plans to set
up two new business groups, one of which covers network-oriented
products and services such as PlayStation video game operations
and Vaio PCs, with the other handling TVs and digital cameras.
   
   WIRELESS FUTURE?
   Sony plans to make 90 percent of its electronics products
categories network-enabled and wireless-capable by the end of
March 2011. 
   This strategy, the company's recent move to shed its
manufacturing assets and the fact that Stringer is replacing
Chubachi, a seasoned engineer, suggest Sony is transforming
itself to a software-oriented company like Apple, Daiwa Institute
of Research analyst Kazuharu Miura said.
   "Apple does not put a cutting-edge microchip in the iPod, and
touch screens are not exactly new technology. But it expanded its
market share with improved user-interface and applications such
as iTunes," Miura said.
   "Sony is probably heading towards that direction."
   Miura warned, however, the shift comes with a considerable
risk for a company that has prided itself on manufacturing
prowess.
   "If the transformation failed, it would lose everything. It's
like crossing the Rubicon," Miura said.
   "The company sold some microchip output facilities and it may
also sell some other electronics components assets. It is likely
to shed hardware-related engineers. Once such steps are taken,
there's no going back."

Are Yanks not coming to the party?

Ghost Dog (1000+ posts)

Sun Mar-01-09 12:27 AM Original message

Are Yanks not coming to the party?

That's the title of this Pravda.ru opinion piece which suggests, in rare language, that the American sheeple is being taken for a ride and risks missing out on the "big world wall-to-wall bash." Any comments? In actuality, the US baboon showed neither bitterness over the two blatant frauds nor any signs of tiring of the US political charade. Come 2006, the monkeys, engripped by the new election frisson, went into a downright frenzy practicing en masse lever pulling on their couches months in advance. This time, their collective tingling excitement came from the grandiloquent twitter of Mrs. Pelosi. She promised the US baboon for exchange of ink staining the correct box to (a) stop war and pull out of Iraq ; (b) impeach and prosecute Bush II for war crimes; and (c) open 911 for investigation. As a result, yanks descended on the US ballot bandits in extreme numbers and Pelosi had gotten her wish of becoming part of the NWO. Not more than two months in Mrs. Pelosi (a) voted to escalate Iraq war and give Pentagon a blank check for the mounting war expenses; (b) used harsh rhetoric to condemn any impeachment ideas; and (c) never spoke of 911 ever again. Amazingly, the US baboon herd remained calm through this pretty good crotch booting. A few rumps might have turned reddish but on the whole USA had decided to ride it out and patiently await 2008, the year in which, due to term limits, Bush II will have to abdicate his Napoleonic post. It's almost as though the US baboon had never heard of puppet leaders. And so arrives a new face: a strapping, nonchalantly festive, cig smoking Kenyan that resembles more a pimp than the typical US political send-up material. His name is Obama and his song is so dazzling that he manages to whip the US herd of tax payers and the millions of freshly unemployed into yet another disgusting pre-election masturbatory orgy. War crimes and election frauds are readily forgotten and the entire USA celebrates the saviour's foolproof recipe for bringing back the US long lost luster. After all Obama goes on record promising to (a) roll back tax cuts on the rich; (b) close the shameful network of US concentration camps and join the int'l law assuring USA lives up the Geneva Convention standards; (c) investigate and prosecute war crimes whoever they may concern; (d) aid prosecution on torture flights; (e) abandon the reckless cash printing and elite bailouts; (f) and above all stop war and pull out of Iraq. Not more than a month in the office of the chief West augur -- hence the word "inauguration", which BTW has nothing whatever to do with presidency but everything with some bizarre ancient Roman mystic rite of bestowing warlock clairvoyant powers -- Obama backstabs the US baboon on every single count. He (a) decided to ignore the tax cut on the rich; (b) is keeping the US concentration camps in full operation and went as far as stating that they comply with the Geneva Convention; (c) not only forgot all about prosecution of war crimes but is helping Bush II hide all his emails requested by the prosecution; (d) extends Bush II secrecy over the torture flights admonishing everyone not to "play with fire"; (e) prints up a whopping 800B for his handlers' wallets and a sideline quick 76B for his wankers, sorry bankers, so they have a way of dealing with foreclosures and threatens the US baboon that unless he gets 2T more there's going to be big trouble; (f) and instead of stopping war, sends 17K more troops to Afghanistan and attacks Pakistan. Indeed, Obama is more Bush II than the NWO could have hoped Bush II would be. And it raises a huge question as to the mental agility of the North American plateau species. Is it an upright walking one or not yet? Greeks are in the streets. The French are in the streets. So are the Irish. Gaudeloupe's is on fire. Latvians, Lithuanians, Bulgarians are in the streets. What about yanks? Didn't they get the personal Obama invite yet? Are they not coming to the big world wall-to-wall bash?

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Replies to this thread

What's his hurry?	bemildred	Mar-01-09 12:43 AM	#1
It's always interesting getting a viewpoint from somewhere else on the planet.	Peace Patriot	Mar-01-09 02:13 AM	#2
Yes, those two phrases leapt out	Ghost Dog	Mar-01-09 08:31 AM	#4
Ouch	leftstreet	Mar-01-09 02:47 AM	#3

bemildred (1000+ posts)

Sun Mar-01-09 12:43 AM Response to Original message

1. What's his hurry?

I mean we are just getting started here. Russia is just trying to recover from a giant baboon-fest itself, started 20 years ago. We are not even up to 1989 yet by their calendar.

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Peace Patriot (1000+ posts)

Sun Mar-01-09 02:13 AM Response to Original message

2. It's always interesting getting a viewpoint from somewhere else on the planet.

Do you think Putin wrote this? It kinda feels written like he looks--pugnacious, vaguely thuggish--the kind of guy who would spit out his vodka with laughter at clever phrases like "a pretty good crotch booting" and "the mental agility of the North American plateau species." Could this mean war?

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Ghost Dog (1000+ posts)

Sun Mar-01-09 08:31 AM Response to Reply #2

4. Yes, those two phrases leapt out

at me too. Pravda.ru does project a certain pugnaciousness, I see from leafing through it. See eg: "Russia to update its entire nuclear arsenal and introduce intellectual arms by 2020, News from the Kremlin, 06.02.2009," or "The Hague Tribunal releases Serbian scapegoat in humble attempt to justify NATO bombings, World / Europe, 27.02.2009," although this is obviously a very populist rag and, in its English-language version, clearly sounds like a propaganda-organ. I wonder what the Russian-language edition is like?

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leftstreet (1000+ posts)

Sun Mar-01-09 02:47 AM Response to Original message

3. Ouch

I'm tempted to rec this just for the 'crotch booting' line.

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