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Iberdrola has expanded its partnership with Grupo Disfrimur to roll out more charging stations for electric trucks in a move aimed at advancing the electrification of heavy transport. Shares edge lower on the day, trading at €19.86.
Iberdrola and Grupo Disfrimur have expanded their partnership to install additional charging stations for electric trucks. The initiative is intended to accelerate the electrification of heavy-duty transport and help decarbonize the logistics sector. The company operates in the diversified utilities sector, with 45,273 employees and a market value near $138.13 billion on trailing revenue of $44.44 billion.
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Price is holding its recent structure without a decisive break. The daily move aligns with the broader bearish chart structure, with shares sitting below the MA-20 and MA-50 but still above the MA-200. The nearest support is the weekly low at €19.76, pointing to a market that is monitoring this level for direction.
Traders should watch for a close above €20.31 to confirm that buyers are willing to follow through. Shares have kept within their recent range, lacking a clear move away from current levels. For the coming trading week, there is less than a 20% probability of upside and more than an 80% probability of downside, with an expected trading range of €19.57 to €20.14. Even so, the recent action describes an emerging move lower over the past week that is not yet confirmed. A drop below €19.76 would show the move is being faded, while on the weekly chart the longer-term picture stays constructive.
Earlier, analysts noted that Iberdrola maintained a broadly constructive long-term outlook despite near-term bearish technical signals. The latest move to expand infrastructure for electric truck charging adds a new dimension by highlighting Iberdrola’s push into transport electrification, with traders advised to monitor the €19.76 support for signs of further downside risk.