Avangrid Inc logo

Avangrid Inc

NYSE:AGR (USA)  
$ 36.85 0 (0%) 10:08 PM EST
15.95
P/B:
0.72
Market Cap:
$ 14.26B
Enterprise V:
$ 27.29B
Volume:
654.94K
Avg Vol (2M):
885.84K
Also Trade In:
Volume:
654.94K
Avg Vol (2M):
885.84K

Business Description

Avangrid Inc logo
Avangrid Inc
NAICS : 221122 SIC : 4911
ISIN : US05351W1036
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Traded in other countries / regions
AGR.USA12A.Germany
IPO Date
2015-12-17
Description
Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates nearly 8.6 gigawatts of renewable energy projects across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.6% of Avangrid and has proposed to acquire the remaining shares.