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National Grid Transco ( (NGG) ) has provided an update.
On July 1, 2025, National Grid announced Ofgem’s draft determination for the RIIO-ET3 period from April 2026 to March 2031. The draft highlights the need for substantial investment in electricity networks, with National Grid planning to invest around £60 billion by March 2029. The company is reviewing the draft to ensure it supports an investable financial package and aims to collaborate with Ofgem to finalize a price control that ensures reliable and affordable electricity supply, crucial for Britain’s economic growth.
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 stable operational performance and strategic investments drive a strong outlook. Despite high capital expenditures and regulatory challenges, the company’s positive momentum and appealing valuation enhance its investment appeal. The most significant factor is its robust technical position, supported by solid financial fundamentals.
To see Spark’s full report on NGG stock, click here.
More about National Grid Transco
National Grid plc operates in the energy sector, focusing on electricity transmission. The company is involved in the development and maintenance of electricity networks and infrastructure, primarily in the UK, with a significant emphasis on supporting clean energy transitions.
Average Trading Volume: 1,128,124
Technical Sentiment Signal: Buy
Current Market Cap: $71.55B
Learn more about NGG stock on TipRanks’ Stock Analysis page.