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National Grid Transco ( (NGG) ) has provided an announcement.
On August 27, 2025, National Grid plc responded to Ofgem’s RIIO-ET3 Draft Determination, which is part of the ongoing process to finalize the price control for their Electricity Transmission business. The company acknowledged Ofgem’s commitment to an £80 billion investment plan but expressed concerns that the draft does not fully address the practical challenges of significantly expanding the electricity system. National Grid emphasized the need for changes to ensure the framework is investable and workable, allowing for a substantial increase in investment and efficient project progression. These adjustments are crucial for meeting business plan commitments, including accelerating energy system decarbonization and achieving cost savings for consumers.
The most recent analyst rating on (NGG) stock is a Buy with a $79.00 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’s strong earnings call and attractive valuation are key strengths, supporting a positive outlook. However, technical indicators suggest short-term bearish momentum, and financial performance shows challenges in revenue growth and capital management. The company’s strategic investments and regulatory progress provide a foundation for long-term growth, but near-term execution risks remain.
To see Spark’s full report on NGG stock, click here.
More about National Grid Transco
National Grid plc operates in the electricity transmission industry, focusing on the delivery of electricity across the United Kingdom. The company is primarily involved in managing and maintaining the infrastructure necessary for electricity transmission, with a significant emphasis on expanding and upgrading the network to meet future energy demands.
Average Trading Volume: 880,849
Technical Sentiment Signal: Buy
Current Market Cap: $69.97B
See more insights into NGG stock on TipRanks’ Stock Analysis page.