Avangrid Inc Stock Price, News & Analysis

AVANGRID (NYSE:AGR) is set to release its Q1 2022 financial results on April 26, 2022, after market close, with a news release available on its investors' website. A webcast conference call for financial analysts will take place on April 27, 2022, at 10:00 A.M. ET to discuss the results. AVANGRID focuses on sustainable energy in the U.S., with approximately $40 billion in assets, operating in 24 states, and serving over 3.3 million customers.

AVANGRID, Inc. (NYSE: AGR) has declared a quarterly dividend of $0.44 per share on its Common Stock, payable on July 1, 2022, to shareholders of record at the close of business on June 3, 2022. Headquartered in Orange, CT, AVANGRID operates with approximately $40 billion in assets across 24 U.S. states. The company aims to lead in sustainable energy, providing services to over 3.3 million customers through its Avangrid Networks and Avangrid Renewables segments.

AVANGRID (NYSE: AGR) announced the postponement of its 2022 Investor Day, originally scheduled for March 22, 2022. The new date will be revealed in the future. AVANGRID operates in 24 states across the U.S., managing approximately $40 billion in assets. The company focuses on renewable energy and utility services, serving over 3.3 million customers. Recognized for its commitment to corporate responsibility, AVANGRID has been included in the JUST 100 list and ranked second in sustainability within the utility sector.

AVANGRID, Inc. (NYSE: AGR) has appointed Pedro Azagra Blázquez as its new Chief Executive Officer, effective May 28, 2022. Azagra succeeds Dennis Arriola, who has stepped down. Having served on the board since 2019 and held critical roles within Iberdrola, he brings substantial experience and relationships in the U.S. energy sector. His track record includes leading significant mergers and acquisitions, including a $17.9 billion merger with UIL Holdings. Under his leadership, AVANGRID aims to enhance its focus on sustainable energy initiatives.

AVANGRID has joined the U.S. Department of Energy's Better Climate Challenge, pledging to reduce greenhouse gas emissions by at least 50% over the next decade. The company aims to decarbonize its facilities by 20% within 10 years while deploying renewable technologies, such as solar and green hydrogen. With operations across 24 states and about $40 billion in assets, AVANGRID is recognized as a leader in sustainable energy and is committed to achieving Scope 1 carbon neutrality by 2035.

Avangrid Renewables, a subsidiary of AVANGRID (NYSE: AGR), commented on the recent auction for offshore wind lease areas in the New York Bight. The company, already a leader in the offshore wind sector with a 4.9 GW portfolio, chose not to participate in the auction, citing that bid prices did not align with their strategic goals. Despite this, Avangrid remains committed to the New York and New Jersey offshore wind markets and aims to contribute significantly as the U.S. strives for a 30 GW offshore wind target by 2030.

Guidehouse has launched the Building the Clean Hydrogen Economy consortium to advance the use of clean hydrogen in the U.S. energy sector. Since fall 2021, over 20 organizations, including Ameresco and AVANGRID, have collaborated on pilot projects aimed at decarbonizing heavy transport and integrating renewables. Key projects involve heavy-duty transport and green ammonia production. The consortium emphasizes scalable business models and partnerships, targeting clean hydrogen demand by 2025-2030.

AVANGRID, Inc. (NYSE:AGR) announced its fourth quarter and full year 2021 earnings, available in the Investors section of its website. A webcast conference call will be held on February 23, 2022, at 10:00 A.M. ET, where the executive team will discuss the financial results and answer questions. AVANGRID, headquartered in Orange, CT, manages approximately $40 billion in assets across 24 states. The company operates Avangrid Networks and Avangrid Renewables, serving over 3.3 million customers.