VST - Avangrid Gains From Infrastructure & Renewable Investment | Benzinga
Avangrid, Inc. (NYSE: AGR) is among the largest solar and wind generators in the United States with operations in 24 U.S. states. Its long-term capital expenditure plans, strategic investments for expansion in clean energy, share repurchase and low debt will boost the performance of the company.
AGR currently has a Zacks Rank #3 (Hold). Let's take a look at the factors that could impact the performance of the company.
Tailwinds
Avangrid continues to pursue its organic growth strategy. In the first quarter of 2024, the company submitted proposals in the tri-state off-shore wind request for proposals. It executes its multi-rate plans in New York and Maine to increase its top-line growth.
The company also focuses on regulated and contracted investments to ensure earnings growth. It launched a new electric vehicle portal and self-service payment tool, which helps increase customer satisfaction, reduce costs to customers ...