Avangrid Inc Stock Price, News & Analysis

AVANGRID has announced an investment of over $30 million to procure solar trackers from Array Technologies for its 321 MW True North solar farm in Falls County, Texas. The collaboration underscores AVANGRID's commitment to expanding clean energy and supporting local jobs. This facility is anticipated to be a significant contributor to decarbonization and is set for completion by the end of 2024. Currently, AVANGRID generates over 1,250 MW of renewable energy in Texas through six wind farms, with an additional 1,300 MW pipeline of projects. The firm's initiatives align with wider clean energy goals in the U.S.

AVANGRID (NYSE: AGR) has commenced commercial operations at its 150-Megawatt Lund Hill solar farm in Klickitat County, Washington, marking it as the state's largest photovoltaic plant. This facility will supply Puget Sound Energy (PSE) through its Green Direct program, enabling large commercial and governmental clients to source 100% renewable energy. Over 40 customers, including six Washington state agencies, are already enrolled in this program. The solar farm spans approximately 1,800 acres, combining leased private land and state land, and it plays a crucial role in advancing PSE's goal of 100% clean energy by 2045.

AVANGRID (NYSE:AGR) announced its fourth quarter and full-year 2022 earnings, available on their website. A webcast conference call is scheduled for February 22, 2023, at 10:00 A.M. ET, for financial analysts and the public to discuss the results. AVANGRID, headquartered in Orange, CT, boasts approximately $40 billion in assets and serves over 3.3 million customers through its electric and gas utilities in New York and New England. The company operates in 24 states and focuses on sustainable energy solutions through Avangrid Networks and Avangrid Renewables.

On February 17, 2023, Iberdrola's Executive Chairman, Ignacio Galán, engaged with approximately 1,000 postgraduate students at Harvard Business School. This event highlighted decisions made over the past 20 years that have shaped Iberdrola's strategy in clean energy and its vision for the future. The case study, led by Professor Juan Alcácer, delves into Iberdrola's business model and future strategies, including green hydrogen initiatives. Iberdrola, a member of the Iberdrola group, aims to be a sustainable energy leader, with Avangrid (NYSE: AGR) being a key player in the U.S. renewable energy market.

AVANGRID, Inc. (NYSE:AGR) has declared a quarterly dividend of $0.44 per share on its Common Stock, payable on April 3, 2023 to shareholders of record on March 1, 2023. Additionally, the company announced that its 2023 Annual Meeting of Shareholders will take place on June 13, 2023. The deadline for shareholder proposals for consideration is set for April 14, 2023. AVANGRID operates with approximately $40 billion in assets across 24 U.S. states, primarily through its two divisions: Avangrid Networks and Avangrid Renewables. The company serves over 3.3 million customers and employs approximately 7,000 people.

Gridmatic, an AI-enabled power marketer, has entered a two-year partnership with AVANGRID (NYSE: AGR) to purchase 15 MW of zero-emission energy from AVANGRID's 120 MW Barton Chapel wind project in Jacksboro, Texas. This agreement, effective from January 1, 2023 to December 31, 2024, is aimed at supplying Gridmatic's retail customers with clean and affordable wind energy. The partnership aligns with Gridmatic's launch of its retail business, which offers advanced clean energy products to help businesses meet climate goals using AI-driven models.

Avangrid Foundation has announced a record total of $136,000 in grants to 15 wildlife rehabilitation centers, the highest amount in its Wildlife Rehabilitation Program’s history. Over seven years, this program has contributed more than $500,000 to combat challenges like Avian Influenza and study copper toxicity. The funds will enhance operational capabilities and outreach to communities, promoting wildlife awareness. The initiative spans ten states, with specific projects including the construction of quarantine facilities and provision of protective equipment to address the needs of wildlife in rehabilitation.

AVANGRID (NYSE:AGR) announces its fourth quarter and full year 2022 financial results are set for release on February 21, 2023, after market closure. The advisory news release will provide further details and a link to the financial results. A webcast conference call for analysts will follow on February 22, 2023, at 10:00 A.M. ET, featuring an overview of the financial results by the Executive team. AVANGRID, headquartered in Orange, CT, manages approximately $40 billion in assets across 24 states, with a focus on sustainable energy in the U.S. and a commitment to corporate citizenship.