Ferrovial's 15min chart shows RSI overbought, bearish Marubozu formation.

Ferrovial's 15-minute chart has exhibited signs of an overbought RSI, coupled with a bearish Marubozu pattern on April 9, 2025, at 09:45. This indicates that the stock price has surged excessively and outpaced its fundamental support, suggesting that sellers are in control of the market. Consequently, it is likely that this bearish 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]. The facility is expected to commence construction in the coming months and 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].

This Texas project complements Ferrovial's existing 257MW DC plant in Leon County and aligns with the company's expansion into the energy sector. Additionally, Ferrovial is nearing completion of a 72MW PV plant in the Houston area for its client, X-Elio, and has plans to develop three new PV plants in Spain's Murcia region in collaboration with TotalEnergies and Soltec [1].

The project underscores Ferrovial's commitment to renewable energy and its strategic expansion into the energy sector. The facility is expected to bring significant economic benefits to the region, including job creation and support for local services. Ferrovial Energy CEO María José Esteruelas highlighted 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].

While the financial implications of this project are positive, investors should also consider the potential impact on Ferrovial's stock price. On April 9, 2025, at 09:45, Ferrovial's 15-minute chart exhibited signs of an overbought RSI coupled with a bearish Marubozu pattern, indicating that the stock price has surged excessively and outpaced its fundamental support, suggesting that sellers are in control of the market [2]. This bearish momentum is likely to persist, which may influence Ferrovial's stock performance in the near term.

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/