National Grid PLC (LSE:NG.) has proposed a higher return on equity to reflect increased capital investment for its Upstate New York electric and natural gas distribution business Niagara Mohawk Power Corporation (NIMO).
Does National Grid (NGG) have what it takes to be a top stock pick for momentum investors? Let's find out.
NGG's positive movement in earnings estimates, planned capital expenditure to improve infrastructure and demand from new customers make it a strong pick.
National Grid PLC (LSE:NG.) said its financial performance for the past year to March was in line with guidance provided at its interims, on a constant currency basis.
Heathrow — Europe's busiest airport — closed down on Friday for most of the day after a fire broke out at a nearby electrical substation. In comments first reported by the Financial Times on Sunday, National Grid CEO John Pettigrew said two other substations supplying power to Heathrow had been operating as normal on Friday.
Britain's National Grid on Thursday said it had been awarded two parts of a 59 billion pound($76.36 billion) high voltage direct current supply chain framework to support key energy projects in the UK.
National Grid PLC has announced the sale of its US onshore renewable energy division for US$1.7 billion (£1.3 billion). Brookfield Asset Management had agreed to buy the business, which develops and operates solar, onshore wind and battery storage projects, a statement said on Monday.
National Grid PLC (LSE:NG.) has been upgraded to 'buy' (from neutral) by US bank Citi after weakness for the power distributor due to the macro uncertainty currently.
National Grid: Upside Exists In Utilities And This Is One Of Them, Especially After The Decline
National Grid PLC (LSE:NG.) has released its ‘RIIO-T3 Business Plan', outlining infrastructure investments of up to £35 billion over a five-year period from April 2026.
Britain's National Grid said on Wednesday it would invest up to 35 billion pounds ($44.45 billion) over the five years to March 2031 as per its business plan for its transmission business.
Ofgem has green-lit a £2 billion funding package to build out the ‘Eastern Green Link 1' (EGL1) subsea cable project. Spanning 196 kilometres, the high-voltage electricity cable will connect Torness in East Lothian, Scotland, to Hawthorn Pit in County Durham, England.