At the start of 2025, energy companies have shown mixed performance in the stock markets, influenced by the global economic situation and emerging energy policies.
According to Jon Belda Sánchez, a broker specialising in the sector, “Iberdrola maintains its leadership position with a 4.1% increase for the year, consolidating a target price of €14.03 per share.”
By the close of January 20, the company was trading at €13.26, with a slight drop of 0.34% on the day.
The analyst details, in an interview with Energía Estratégica España, that Iberdrola’s growth is driven by energy demand and the Spanish government’s agility in unlocking renewable investments.
Spain has allocated €35 billion for projects aligned with the 2030 National Integrated Energy and Climate Plan (PNIEC).
This measure has facilitated the processing of 1,351 permits totaling 46,714 MW of capacity, strengthening market confidence in the country’s energy transition.
Opportunities and challenges in renewables
Although the Spanish giant shines in the sector, the renewable market presents contrasts. Companies like ACCIONA Energía, with a strong performance, closed at €18.98 on January 20, after a daily increase of 1.28%.
“ACCIONA remains a reference in the sector thanks to its diversification and international projects,” highlights Belda Sánchez.
At the other end is Soltec Power Holding, whose shares were suspended after entering a creditors’ bankruptcy process.
“This highlights the importance of solid financial management in a sector that demands constant investments,” warns the expert.
The photovoltaic segment, however, shows notable dynamism. Social Energy, recognized by the European Union as the best installer in Spain, reported a 15% growth in 2024.
“This demonstrates the competitiveness of small and medium-sized companies in a market dominated by large energy companies,” adds Belda Sánchez.
The Trump Effect on Global Markets
The inauguration of Donald Trump as president of the United States on January 20 introduces a new level of uncertainty for clean energy.
As the broker comments, the re-elected leader has made it clear that he will not support renewables, which could slow their development while benefiting oil companies.
During his campaign, he expressed his intention to reverse initiatives like the Inflation Reduction Act (IRA), which allocated billions of dollars to clean energy projects.
This could trigger an increase in the share prices of fossil fuel companies, while renewables face additional pressure.
“Oil companies are already showing positive signs,” the expert notes, indicating that this is likely due to the expected growth in fossil fuel consumption under the Trump administration, boosting large oil companies on the stock market.
Repsol, for example, closed on January 20 at €11.64, with a 0.17% increase.
Outlook for the Energy Sector
The global energy market stands at a crossroads. While Europe advances in its energy transition with landmark projects like the Andalusian Green Hydrogen Valley, led by MOEVE with an investment exceeding €3 billion, the shift in U.S. policies could slow global progress.
“The balance between the energy transition and protectionist policies will be key to defining the sector’s future,” concludes Belda Sánchez.
In this context, energy companies on the stock market face a scenario where political decisions weigh as heavily as market dynamics.
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