Factbox-US offshore wind farms in service, in construction and under development By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2025
0mins
Should l Buy NGG?
Source: Investing.com
Impact of Federal Offshore Wind Leasing Suspension: President Trump suspended new federal offshore wind leasing on his first day back in office, pending reviews, which has raised concerns among state officials and industry leaders about the future of clean energy initiatives and economic opportunities in the sector.
Current State of Offshore Wind Projects: Despite the suspension, there are currently four operational offshore wind projects in the U.S., with several others under construction or in development, as states like New Jersey and California continue to push forward with their own initiatives to support offshore wind energy.
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Analyst Views on NGG
Wall Street analysts forecast NGG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NGG is 85.50 USD with a low forecast of 85.50 USD and a high forecast of 85.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 88.060
Low
85.50
Averages
85.50
High
85.50
Current: 88.060
Low
85.50
Averages
85.50
High
85.50
About NGG
National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes electricity distribution networks of NGED in the East Midlands, West Midlands and South West of England and South Wales. The New England segment includes electricity distribution networks, high-voltage electricity transmission networks and gas distribution networks in New England. The New York segment includes electricity distribution networks, high-voltage electricity transmission networks and gas distribution networks in New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Securities Claims Investigation: Rosen Law Firm is investigating potential securities claims against National Grid (NYSE: NGG) for possibly issuing misleading business information, emphasizing its commitment to protecting investor rights.
- Class Action Preparation: Investors who purchased National Grid securities may be eligible for compensation through a contingency fee arrangement, indicating the firm's dedication to providing legal support for affected shareholders.
- Fire Incident Impact: The fire incident at London Heathrow Airport in March 2025, attributed to National Grid's failure to maintain an electricity substation, led to a 5% drop in the company's American Depositary Shares (ADSs) on July 2, 2024, reflecting market concerns over corporate governance.
- Firm Reputation: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its leadership position in the industry and commitment to safeguarding investor interests.
See More
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- Stock Price Impact: Following a report on July 2, 2025, linking National Grid's failure to maintain an electricity substation to a fire at Heathrow Airport, National Grid's American Depositary Shares (ADS) fell by 5%, reflecting market concerns over the company's governance and operational capabilities.
- Class Action Preparation: The firm is preparing a class action to recover investor losses, highlighting investor concerns regarding the company's transparency and accountability, which may affect future investor confidence.
- Historical Context: The incident stems from a report stating that the issue leading to the fire was identified seven years prior but left unaddressed, exacerbating the public and regulatory trust crisis surrounding National Grid.
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