Previous Close | 36.19 |
Open | 36.29 |
Bid | 36.09 x 800 |
Ask | 36.63 x 800 |
Day's Range | 36.06 - 36.50 |
52 Week Range | 27.46 - 41.22 |
Volume | |
Avg. Volume | 965,229 |
Market Cap | 14.094B |
Beta (5Y Monthly) | 0.54 |
PE Ratio (TTM) | 17.95 |
EPS (TTM) | 2.03 |
Earnings Date | Apr 23, 2024 |
Forward Dividend & Yield | 1.76 (4.83%) |
Ex-Dividend Date | Feb 29, 2024 |
1y Target Est | 34.93 |
Massachusetts, Rhode Island and Connecticut received proposals Wednesday for offshore wind projects as the three East Coast states hope to boost their reliance on the renewable energy source. The three states joined in a historic agreement that allows for potential coordinated selection of offshore wind projects. Massachusetts received bids from Avangrid Renewables, South Coast Wind Energy and Vineyard Offshore in response to the region’s largest solicitation to date for offshore wind, seeking up to 3,600 megawatts.
BOSTON, March 27, 2024--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today submitted multiple proposals for mature, transformative New England Wind projects to the Massachusetts-Connecticut-Rhode Island multi-state solicitation for offshore wind power. New England Wind, representing two projects – the 791 Megawatt (MW) New England Wind 1 project and 1,080 MW New England Wind 2 project – are among the most mature offshore wind opportunities i
A combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday attracted bids from at least four developers, including units of European energy firms Iberdrola and Orsted. The U.S. offshore wind industry is showing signs of a comeback this year, with several projects in various stages of development and construction, after a disastrous 2023 of developers cancelling contracts and taking roughly $9.1 billion in write-offs and impairments on projects. So far, Avangrid, Orsted, Vineyard Offshore and SouthCoast Wind have made proposals in the tri-state auction, which is expected to play a critical role in federal and state plans to decarbonize the power grid and help mitigate climate change.