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Mdu Resources Group ( (MDU) ) has provided an update.
On February 13, 2025, MDU Resources Group’s subsidiary, Montana-Dakota Utilities Co., entered a purchase agreement to acquire a 49% stake in the Badger Wind Farm, a project in North Dakota, for $294 million. This acquisition, part of MDU’s five-year capital plan, reduces their prior power purchase agreement and aligns with their strategy for a diversified energy portfolio, increasing their renewable energy capacity from 29% to 39%.
More about Mdu Resources Group
MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regulated electric and natural gas distribution and pipeline segments. Established in 1924, the company now serves over 1.2 million customers across eight states in the Pacific Northwest and Midwest, celebrating its 100th anniversary. MDU Resources focuses on constructing and operating infrastructure for natural gas and electricity delivery.
YTD Price Performance: -5.85%
Average Trading Volume: 1,943,926
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.44B
For detailed information about MDU stock, go to TipRanks’ Stock Analysis page.
