Ferrovial's 15min chart sees RSI Oversold and Bullish Marubozu signals.

Ferrovial's 15-minute chart has triggered an RSI oversold reading and a bullish Marubozu pattern, which occurred on February 9, 2023 at 10:00. This suggests that the stock price has declined rapidly and fallen below its fundamental support level, leading to a shift in market control to buyers. Consequently, it is likely that the bullish momentum will persist.

Spanish infrastructure giant Ferrovial has announced plans to construct a 250MW solar photovoltaic (PV) facility in Milam County, Texas. The project, with an estimated cost of $355 million, includes debt financing and will be overseen by Ferrovial for construction, operation, and maintenance [1]. This initiative is part of Ferrovial's strategic expansion into the energy sector, complementing its existing 257MW DC plant in Leon County.

The facility, expected to commence construction in the coming months, is anticipated to generate nearly 300 jobs during the building phase. Once operational by 2027, it will deliver around 450GWh of electricity annually, enough to power approximately 43,000 homes [1]. Ferrovial Energy CEO María José Esteruelas underscored the project's community benefits, stating, "This project is a strong example of how infrastructure investment can directly benefit communities. As data centers multiply and energy needs continue to increase, this facility will bring lasting value to the region by creating jobs, supporting local services, and strengthening energy reliability" [1].

This Texas project aligns with Ferrovial's broader energy sector expansion. The company is also nearing completion of a 72MW PV plant in the Houston area for its client, X-Elio, and plans to develop three new PV plants in Spain's Murcia region in collaboration with TotalEnergies and Soltec [1].

References:
[1] https://finance.yahoo.com/news/ferrovial-develop-250mw-solar-facility-092613979.html
[2] https://www.powermag.com/ferrovial-developing-250-mw-solar-project-in-texas/