Morgan Stanley’s 15 Best European AI Stocks

11. Iberdrola, S.A. (OTC:IBDRY)

Number of Hedge Fund Holders: N/A 

Iberdrola, S.A. (OTC:IBDRY) is a Spanish firm that engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. Iberdrola’s financial performance demonstrates significant growth, with a reported net profit of €5.5 billion and an EBITDA of €13.3 billion in the first nine months of 2024. This success is partly attributed to the company’s strategic investments in AI to enhance operational efficiency and customer engagement. Collaborating with AWS, Iberdrola is developing generative AI applications to optimize energy production. AI data centers have created a need for power that is likely to drive utility firms towards the upgradation of their existing capacities to accommodate rising demand.