National Grid Transco ( (NGG) ) has issued an update.
On February 24, 2025, National Grid announced the sale of its US onshore renewables business, National Grid Renewables, to Brookfield Asset Management and its partners. This sale, valued at $1.735 billion, aligns with National Grid’s strategy to focus on its core network operations. The transaction is expected to be completed by March 2026, pending regulatory approvals, and signifies a strategic shift in National Grid’s business operations, potentially impacting stakeholders by streamlining company focus and resources.
More about National Grid Transco
National Grid plc is a major energy company operating in the UK and the US, primarily engaged in the supply of gas and electricity. The company is committed to transforming the energy system through engineering innovation, with significant investments in decarbonization projects such as The Great Grid Upgrade in the UK and the Upstate Upgrade in New York.
YTD Price Performance: 2.97%
Average Trading Volume: 697,352
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $59.43B
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