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National Grid Completes Sale of Renewables Business to Brookfield

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National Grid Completes Sale of Renewables Business to Brookfield

Don’t Miss TipRanks’ Half-Year Sale

An update from National Grid Transco ( (NGG) ) is now available.

On May 30, 2025, National Grid plc announced the completion of the sale of its National Grid Renewables business to Brookfield Asset Management and its partners. This strategic move is expected to impact National Grid’s operations by allowing it to focus more on its core energy network services, potentially enhancing its industry positioning and benefiting stakeholders through a more streamlined business model.

The most recent analyst rating on (NGG) stock is a Buy with a $80.40 price target. To see the full list of analyst forecasts on National Grid Transco stock, see the NGG Stock Forecast page.

Spark’s Take on NGG Stock

According to Spark, TipRanks’ AI Analyst, NGG is a Outperform.

National Grid Transco’s overall stock score reflects solid financial performance despite challenges in revenue and profitability. The technical indicators show bullish momentum, and the valuation offers a reasonable P/E with an attractive dividend yield. The positive sentiment from the recent earnings call, highlighting significant investments and strategic initiatives, further bolsters the stock’s outlook.

To see Spark’s full report on NGG stock, click here.

More about National Grid Transco

National Grid plc is a leading energy network company operating in the UK and the US, focusing on delivering secure, affordable, and clean energy. The company is at the forefront of transforming energy systems, emphasizing engineering innovation and the development of resilient networks to support economic growth.

Average Trading Volume: 950,848

Technical Sentiment Signal: Buy

Current Market Cap: $70.8B

Learn more about NGG stock on TipRanks’ Stock Analysis page.

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