Enagas Joins Forces to Develop the BarMar Hydrogen PipelineNaTran, Enagás and Terega Join Forces to Develop the BarMar Hydrogen Pipeline
Ion Jauregui – ActivTrades Analyst
French company NaTran, a subsidiary of energy giant Engie, has announced the creation of a joint venture with Spanish firm Enagás and gas infrastructure operator Terega to develop the BarMar hydrogen pipeline—a key connection for the transport of green hydrogen between the Iberian Peninsula and France. The announcement follows last week’s approval of European funds that will cover 5
Iberdrola Doubles Down on Power Grids in the U.S. and U.K.Ion Jauregui - ActivTrades Analyst
Iberdrola is accelerating its international expansion with a historic investment of over €33 billion in power grid infrastructure across the United States and the United Kingdom. Through its subsidiaries New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E), the company has launched the "Power New York" plan, which includes a $20 billion investment to modernize and reinforce the grid in New York State. This move follows the green light gra
Telefónica: Consolidation or the Start of a New Bullish Phase?Ion Jauregui –ActivTrades Analyst
Telefónica is experiencing one of its strongest market moments in recent years, with a nearly 20% appreciation so far in 2025 and a share price that has reached €4.73. These are levels not seen since July 2022, sparking renewed investor interest, although questions remain regarding its ability to sustain this momentum.
Fundamental Analysis
The company is undergoing a structural transformation aimed at improving profitability and reducing operational risk. In
Redeia (RED): Under Pressure from the “Great Blackout”By Ion Jauregui – Analyst at ActivTrades
The recent power outage that plunged much of southern Spain into darkness has placed Redeia — formerly Red Eléctrica Española — at the heart of the energy debate. Preliminary findings from the Entso-E report suggest that the Spanish grid operator may have contributed to the network collapse, and investors are already assessing whether this episode could jeopardize the financial stability that has characterized the company in recent quarters.
A critica
Malaga 2025 Hospital: Duel of giantsThe Biggest Public Project of the Year Faces Construction Giants
By Ion Jauregui – Analyst at ActivTrades
The largest public works contract tendered this year in Spain already has a name and location: the new hospital in Málaga. With a budget of €607.5 million, co-financed by the European FEDER funds, this ambitious healthcare project will not only redefine Andalusia’s care map but has also sparked an intense battle among the country’s top construction firms.
The new complex will be built on
Redeia (REE) blackout and market reactionBy Ion Jauregui – ActivTrades Analyst
Redeia (REE), operator of the Spanish electricity system and a member of the Ibex 35, has returned to the media and regulatory spotlight following the recent blackout that affected much of the southwestern part of the country. Although the government praised Red Eléctrica’s technical management during the event, everything points to a planning error in the electricity mix that left the system without sufficient response capacity during a period of high ren
Aramco bets on e-fuels in Spainby Ion Jauregui - ActivTrades Analyst
Saudi Aramco (TADAWUL: 2222), the world’s largest oil company, is accelerating its transformation by heavily investing in synthetic fuels. The Saudi company has announced an investment of hundreds of millions of dollars in new e-fuel plants in Spain and Saudi Arabia, with the ambitious goal of reaching a production of 85,000 barrels per day by 2027. This is a strategic move that could significantly impact the Spanish business landscape, especially in energy
Ferrovial strengthens its presence in the USABy Ion Jauregui – ActivTrades Analyst
Ferrovial has launched a public–private partnership bid for the concession of Terminal B at Newark Liberty International Airport, replicating the financing and operating model it leads at the new Terminal One of JFK Airport in New York. The Port Authority Board allocated USD 35 million for preliminary studies to redesign this terminal—originally built in 1973 and today handling more than twice its intended capacity. The Spanish group aims to upgrade access r
Fluidra Shields Itself from Trump's Tariff BlowsBy Ion Jauregui – Markets Analyst, ActivTrades
Amid the renewed escalation of trade tensions, Fluidra faces the potential impact of new tariffs driven by the Trump administration. The tariff dispute not only complicates international operations but also directly affects the company’s cost structure. With 50% of its sales in North America coming from products manufactured in Mexico and an additional 15% originating from China, Fluidra is particularly exposed to any increase in tariff rates. The
Santander at the gates of the 100 billion markBy Ion Jauregui - ActivTrades Analyst
Santander, the second largest listed company on the IBEX 35, is on the verge of reaching a new milestone: regaining €100 billion in market capitalization. This figure, not seen since 2015, marks a turning point in the trajectory of the bank, which consolidates its position as the largest in the euro zone, surpassing BNP Paribas. The Cantabrian entity has experienced sustained growth in recent months, driven by a favorable macroeconomic environment and by it
ArcelorMittal : Getting stronger again!! Go for the best!ArcelorMittal, the world's leading steel and mining producer, present in 60 countries and with primary steel production facilities in 16 countries, presents a CLEARLY BULLISH technical outlook.
If we look at the H1 chart above, the trend is clearly bullish, as are its upper timeframes, H4, Daily, and Weekly. (SEE SUMMARY TABLE).
On March 6th, it reached a high in the 32 zone and has since retreated by approximately -12%.
March 14th signaled the end of the retracement on the chart, and as expec
Telefónica: Dividend load shedding in HispamBy Ion Jauregui - ActivTrades Analyst
The “strategic review” announced by CEO Marc Murtra focuses on the Hispanic American market, a sector that has shown negative results for years. In 2024, business in countries such as Argentina, Colombia, Chile, Peru and Mexico generated 'red numbers' that reached 2,432 million euros, as gains in Ecuador, Venezuela and Uruguay did not offset the falls in the other markets.
To reverse this situation, Telefónica has accelerated the divestment process in Latin
Iberdrola is breaking out of a Pennant Chart Pattern🟢 Iberdrola is breaking out of a Pennant Chart Pattern
The Spanish renewable energy company Iberdrola is forming a Pennant Chart Pattern amid a years-long bullish rally. This type of pattern is typically ideal for making quick profits as both the pattern and the overall trend indicate the same direction.
✅ What pattern is unfolding in BME:IBE ?
The Pennant is similar to a triangle or a flag, but its shape is distinct. In all cases, these are continuation patterns occurring amid a years-lon
MAPFRE: Everything points to new highs!! Pay attention!!
On February 12, Mapfre presented its income statement, beating expectations!!.
Premiums will grow solidly in 2024 (+6.6% at constant exchange rates) to €28,122M, beating expectations. The biggest surprise comes from the margins side. The Non-Life combined ratio stands at 94.4% (vs 97.2% in 2023), despite the fact that pressure on margins persists in the auto segment. It drives the technical result which, together with the financial result, more than offsets the fall in the Life branch result.
Telefónica restructures its strategic plan towards BrazilBy Ion Jauregui - ActivTrades Analyst
Latin America divestment plan
Telefónica has put its subsidiary in Uruguay, valued at up to $400 million, up for sale. This move is in line with its divestment strategy in Latin America, where it also plans to sell assets in Argentina and Mexico. The Uruguayan subsidiary, based in Montevideo, is facing a loss of customers due to competition from Claro and state-owned Antel. The company hopes to attract bids for a small market with declining revenues but
CaixaBank achieves record profits in 2024By Ion Jauregui - Analyst ActivTrades
CaixaBank closed 2024 with the best result in its history, reaching a net profit of €5,787 million, 20% higher than in 2023. This growth was driven by intense commercial activity and the effect of high interest rates. The result exceeded analysts' forecasts, consolidating the bank's leadership in the sector.
Fundamental Analysis
The bank announced a new share buyback program for a maximum value of €500 million, completing its €12 billion distribution pla























