CA - National Grid: On Course To Invest In Energy Transition By 2029 (Hold)

2025-06-12 23:20:25 ET

Shares of global electricity utility company National Grid Plc. ( NGG ) has surged 25.97% (YoY). The company announced its FY 2024/2025 earnings results in mid-May 2025 which saw its operating profit jump 12% (YoY) despite the 7.42% (YoY) decline in gross revenue. I will explain why this stock is a hold after it completes the sale of its US onshore renewables business, to grow its reinvestment strategy, especially in electric assets, by 2029 and expand its energy infrastructure. However, NGG’s reduced revenue in the FY 2024/2025 was attributed to the sale of its “Electricity System Operator” portfolio to the UK government back in late 2024, which may be translated to the recent sale of its US renewables business in 2025....

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