Acciona, Abengoa, Iberia, Tubacex May Be Active: Spanish Equity Preview
The following companies may have unusual price changes in Spain. Stock symbols are in parentheses and share prices are from the previous close.
Spain’s IBEX 35 Index lost 1.5 percent to 10,499.80.
Acciona SA (ANA SM): Spain’s second-biggest wind power producer said its construction division will miss out on sales of 817 million euros ($1.1 billion) because of cuts to government infrastructure spending. The shares lost 3.8 percent to 67.64 euros.
Corporacion Dermoestetica SA (DERM SM): The Spanish cosmetic-surgery provider is scheduled to release earnings. The shares gained 2.6 percent to 2.22 euros.
Iberia Lineas Aereas de Espana SA (IBLA SM): Shares of Spain’s largest airline may be active after ABC newspaper reported air traffic controllers will vote on a strike this week. The stock rose 2.3 percent to 2.61 euros.
Renta 4 SA (R4 SM): The Spanish securities firm is scheduled to report earnings. The shares were unchanged at 5.02 euros.
Solaria Energia y Medio Ambiente SA (SLR SM), Abengoa SA (ABG SM): Solar power operators may be active after the Spanish government said it plans to cut subsidies for new photovoltaic plants by as much as 45 percent. Solaria shares lost 1.2 percent to 1.59 euros. Abengoa shares gained 0.6 percent to 20.16 euros.
Tubacex SA (TUB SM): The Spanish tube maker is scheduled to report earnings. The shares gained 1.6 percent to 2.57 euros.