Avangrid

Avangrid, Inc. engages in the energy transmission and gas distribution. It operates through the following segments: Networks, Renewables, and Other. The Networks segment includes energy transmission and distribution, electric transmission, and gas distribution activities. The Renewables segment relates to renewable energy, mainly wind energy generation and trading related to such activities. The Other segment covers miscellaneous corporate revenues including intersegment eliminations. The company was founded in 1852 and is headquartered in Orange, CT.

Earnings data Q1 2021

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Avangrid reports robust Q4 earnings, eyes growth amid challenges

Avangrid's Q4 2022 earnings call highlighted strong financial performance, strategic investments in clean energy, and positive outlook for 2023. Challenges in Networks earnings and ongoing negotiations pose potential impacts on future financial results.

Avangrid reports solid Q1 results, affirms 2023 earnings outlook

Avangrid's Q1 performance driven by strategic initiatives in networks and renewables, affirming outlook for 2023 earnings.
Balancing challenges of higher costs and pending rate cases with opportunities in project advancements and financial sustainability.
Maintaining focus on trust, collaboration, and growth prospects, with a commitment to executing value creation in regulated and renewables businesses.
Confidence in achieving targets, managing costs, and capturing growth opportunities through planned investments in renewable energy expansion.

Avangrid meets Q2 expectations, focuses on sustainability and growth

Avangrid's Q2 performance met expectations, with a strong focus on sustainability and growth initiatives.
The company faces challenges in navigating rate cases, mergers, and strategic asset management.
Opportunities in renewable energy projects, transmission investments, and talent development can drive future success.
Overall, Avangrid's commitment to financial stability, renewable energy, and stakeholder value creation positions it for long-term growth.

Avangrid reports solid Q3 earnings, focuses on growth opportunities

Avangrid's Q3 performance showed solid financial results, progress on key projects, and recognition for sustainability efforts. While facing challenges with wind project terminations and CFO resignation, the company is focused on leveraging opportunities for growth and enhancing compliance. Avangrid's strategic focus on sustainability, project development, and financial metrics remains strong.

Avangrid reports robust Q4 earnings, eyes growth in renewables

Avangrid's Q4 2023 performance reflects strong financial results and strategic investments in renewables, positioning the company for future growth.
While facing challenges such as legal matters and strategic decisions, Avangrid's commitment to operational efficiency and growth opportunities remains strong.
With a clear focus on financial stability, dividend policy, and long-term growth prospects, Avangrid is poised for continued success in the energy sector.

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Avangrid's fortunes are overseen by regulators rated as either Average or Below Average and should be a concern for investors. Over the next several years, the importance of Avangrid's regulatory environment will be tested as sector operating costs increase.

Avangrid: Neutral At Best, Sell At Worst, And Better Utility Opportunities Elsewhere

ORANGE, Conn., Dec. 2, 2020 /PRNewswire/ -- AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, and EV Connect, a company that helps its clients manage and deliver networks of electric vehicle (EV) chargers, announced that they have entered into an agreement that will...

AVANGRID and EV Connect Partner on Advanced Electric Vehicle Data Services

Vistra Energy

Two major developments in the past month promise a favorable reversal of fortune for Avangrid. Vistra Energy is meanwhile consistently shaving costs from its business and debt from its balance sheet while gaining market share with acquisitions and “greening” its generation fleet.

Avangrid & Vistra Energy: Income Stocks To Own

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, a leading sustainable energy company, announces the appointment of Kim Harriman as Vice President of State Government and Public Affairs.

AVANGRID Appoints Kim Harriman as Vice President State Government & Public Affairs

ORANGE, Conn.--(BUSINESS WIRE)---- $AGR--AVANGRID, a leading sustainable energy company, will hold its first virtual Investor Day from its corporate headquarters on November 5.

AVANGRID to Provide 2021 Guidance and Long-Term Outlook at Investor Day

ORANGE, Conn.--(BUSINESS WIRE)---- $AGR--U.S. Army Corps of Engineers has granted approval to the NECEC Clean Energy Corridor, an AVANGRID renewable clean energy project.

Army Corps of Engineers Grants Permit to AVANGRID'S New England Clean Energy Connect Clean Energy Corridor

ORANGE, Conn.--(BUSINESS WIRE)--Today, AVANGRID Inc. (NYSE: AGR) announced that it will hold its 2020 Investor Day virtually on Thursday, November 5, 2020 beginning at 1:00 PM ET. AVANGRID's Executive team will present an update of the Company's strategic initiatives, financial outlook and growth strategy, followed by a question and answer session. “We have concluded a detailed review of operations and updated our financial outlook and now are prepared to share our strategic growth plan at our

AVANGRID Announces 2020 Investor Day

PNM Resources

PNM Resources (PNM) enters into an agreement to be fully owned by AVANGRID for $4.3 billion with an aim to expand its renewables business alongside providing affordable energy.

PNM Resources (PNM) to be Acquired by AVANGRID for $4.3B

Avangrid, Inc. (AGR) CEO Dennis Arriola on Q3 2020 Results - Earnings Call Transcript

The electric-utility holding company is being acquired by the U.S. arm of Spanish utility Iberdrola.

Why PNM Resources Stock Jumped 8% Today

Shares of Avangrid (NYSE: AGR) fell about 8% on Wednesday after the subsidiary of the Spanish electric utility giant Iberdrola (BMV: IBEN) agreed to acquire PNM Resources (NYSE: PNM) for $8.3 billion including debt. Fundamental analysis: A major deal in the energy sector The agreed deal will create the third-largest renewable energy operator in the United States.

Avangrid share price plunges 7% after acquiring PNM Resources for $8.3bln

ORANGE, Conn.--(BUSINESS WIRE)---- $AGR--AVANGRID (NYSE: AGR) and PNM Resources (NYSE: PNM) announced today their respective boards have approved the merger of PNM Resources into AVANGRID.

AVANGRID and PNM Resources Announce Merger Plans

ALBUQUERQUE, N.M., Oct. 21, 2020 /PRNewswire/ -- Transaction merges two strategically aligned, premier companies to create a large, diversified national regulated utility and renewable energy platform with approximately $14 billion of rate base, more than 4 million electric and natural...

AVANGRID and PNM Resources to Combine in Strategic Merger Transaction

Avangrid (AGR) delivered earnings and revenue surprises of -21.95% and -3.15%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Avangrid (AGR) Lags Q3 Earnings and Revenue Estimates

Shares of Avangrid (NYSE:AGR) rose 0.26% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 20.00% over the past year to $0.32, which missed the estimate of $0.41.

Recap: Avangrid Q3 Earnings

ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE: AGR) reported consolidated U.S. GAAP net income of $87 million, or $0.28 per share, for the third quarter ended September 30, 2020, compared to $150 million, or $0.48 per share, for the same period in 2019. For the first nine months of 2020, consolidated net income was $415 million, or $1.34 per share, compared to $477 million, or $1.54 share, for the first nine months of 2019. On a non-U.S. GAAP adjusted basis, net income for the thir

AVANGRID Reports Third Quarter 2020 Earnings Results

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company, announced today the appointment of Franklyn D. (“Frank”) Reynolds to lead Avangrid Networks' gas and electric companies in Connecticut and Massachusetts, effective immediately. As President of UIL Holdings Corporation, Reynolds will oversee United Illuminating, Southern Connecticut Gas and Connecticut Natural Gas in Connecticut, as well as Berkshire Gas in Massachusetts. With a total of more than 1,500 e

Franklyn D. Reynolds Tapped to Lead Avangrid Networks Companies in Connecticut and Massachusetts

ORANGE, Conn.--(BUSINESS WIRE)---- $AGR--AVANGRID announced today the appointment of Puneet Verma as Vice President, Government Affairs, leading federal advocacy efforts for the company.

AVANGRID Appoints Puneet Verma to Lead Federal Government Affairs

ORANGE, Conn.--(BUSINESS WIRE)---- $AGR #AmericasMostJUST--AVANGRID, a leading sustainable energy company, is recognized on the annual Forbes JUST 100 – a list of America’s best corporate citizens.

AVANGRID Named One of America’s Most JUST Companies by Forbes and JUST Capital

PORTLAND, Ore.--(BUSINESS WIRE)--Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR) and a leading developer of utility-scale solar, onshore and offshore wind projects, today announced the appointment of Bill White as head of U.S. offshore wind and Sy Oytan as deputy CEO of Vineyard Wind. Through its partnership with Copenhagen Infrastructure Partners, Avangrid Renewables is jointly developing Vineyard Wind, the nation’s first large-scale offshore wind farm off the coast of Massachu

Avangrid Renewables Adds Bill White, Sy Oytan to Offshore Wind Leadership Team

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Although this has been the worst September for stocks in 18 years, the indices ended the last 3 trading days in the green, and chipped away at losses. For investors looking to make sense of these interesting times, our deep learning algorithms have crunched the data to give you a set of Top Buys.

Top Stocks To Buy Today As Markets Cool Off And Open Flat

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) will be releasing its third quarter 2020 financial results on Tuesday, October 20, 2020, after the market closes. In conjunction with the earnings release, AVANGRID will conduct a webcast conference call with financial analysts on Wednesday, October 21, 2020 beginning at 10:00 A.M. Eastern time. AVANGRID’s Executive team will present an overview of the financial results followed by a question and answer session. Interested parties, inclu

AVANGRID Schedules Third Quarter 2020 Earnings Release and Conference Call

Avangrid Inc’s (NYSE: AGR) stock has a high valuation, despite there being limited catalysts, while high expectations lend downside risk, according to BofA Securities.
 The Avangrid Analyst: Julien Dumoulin-Smith downgraded Avangrid from Neutral to Underperform, while lowering the price target from $47 to $46.

BofA Downgrades Avangrid Ahead Of Analyst Day In November

Dominion Energy

Equinor

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Per a Global Wind Energy Council (“GWEC”) report, the outlook for the global offshore wind market looks promising over the long term as governments raise their target levels and new countries join the market. The GWEC report indicates that over 205 gigawatts (“GW”) of new offshore wind capacity will be added over the next decade. Three-quarters of this new volume will be installed in the latter half (2025-2030) of the decade. Therefore, COVID-19 is hardly going to have any impact on offshore wind additions in this decade.

News for Avangrid Stock (AGR)