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Iberdrola marked a fresh milestone in its East Anglia TWO offshore wind project in the UK, installing the pipes that will carry the submarine cables. Shares edge higher on the day, trading at €21.9.
On October 9, 2026, Iberdrola announced a new milestone in the construction of the East Anglia TWO offshore wind farm in the United Kingdom. The company has installed the large pipes that will be used for the project's submarine cables. The announcement was made through Iberdrola's official channel.
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Price is testing resistance from the weekly high at €21.95. The daily chart remains bullish, with Iberdrola stock holding above its MA-20, MA-50, and MA-200. RSI at 67.8 is approaching overbought territory, an early indication that the current advance may be getting stretched.
Traders should watch for a close above €21.95 to determine whether the recent operations capacity news is being reflected in price action. Iberdrola shares are pressing up against resistance at €21.95 without breaking through that barrier. Over the next five trading days, the probability of an upside move stands at more than 80%, while the probability of a decline is less than 20%, with price expected to trade between €21.51 and €22.28. Even so, the past week has seen a sustained move higher in a firm trend. A close above resistance would confirm buyer commitment, while a drop below €21.2 would indicate the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.
Earlier, analysts noted that Iberdrola's strategic shift toward regulated electricity networks had strengthened its outlook for sustained earnings growth. The recent milestone in the East Anglia TWO offshore wind project adds further operational visibility, with the €21.95 resistance now acting as a key level for traders considering the near-term potential for a breakout.