National GridNYSE: NGG

National Grid PLC (LSE:NG.) has up to 70% upside with a fair wind according to a bullish write-up from analysts at JP Morgan ahead of next week's regulatory determinations for the next five years.

A couple of years after the step down of baseline compensation for the transmission network, the distribution concession is now also seeing lower baseline comp. Transmission is growing because RAB gets indexed to inflation, but a lot of the growth was non-recurring and otherwise has to be financed by large basically obligatory CAPEX. The compensation at fair values by Ofgem means that there's no outstanding compounding engine here. It's why they needed to do a rights issue equity raise.

National Grid PLC (LSE:NG.) has been upgraded by brokers as they continue to see positive upsides from the upcoming election, the improved balance sheet and “attractive valuation”.

National Grid plc (NYSE:NGG ) Q4 2024 Earnings Conference Call May 23, 2024 4:15 AM ET Company Participants Nicholas Ashworth - Director, IR John Pettigrew - CEO Andy Agg - CFO Conference Call Participants Dominic Nash - Barclays Pavan Mahbubani - JPMorgan Deepa Venkateswaran - Bernstein Harry Wyburd - BNP Paribas Exane Ahmed Farman - Jefferies Alexander Wheeler - RBC Capital Markets Rob Pulleyn - Morgan Stanley Mark Freshney - UBS Charles Swabey - HSBC Marcin Wojtal - Bank of America Ajay Patel - Goldman Sachs John Pettigrew Well. Thank you, Nick and good morning, everyone.

NEW YORK--(BUSINESS WIRE)--Runwise was celebrated for outstanding achievements in energy efficiency by National Grid. National Grid awarded certain ProNet partners with GridEE awards. ProNet (New York Energy Professionals Network) is National Grid's program that identifies trusted businesses to partner with for energy conservation. Runwise, the smart control technology company from New York City, received the award for being a Top ProNet Partner for 2023 Downstate Gas Energy Efficiency. Runwise.

Electricity and gas provider National Grid PLC (LSE:NG.) plummeted over 10% this morning after energy regulator Ofgem announced a £122 cut to the energy price cap.

Utilities companies were the biggest fallers on the London market on Thursday, following the election announcement last night and after a heavily discounted fundraising announced by National Grid PLC (LSE:NG.). After announcing a rights issue at a near-40% discount alongside its results, National Grid shares were the biggest faller, down almost 10%, wiping out all its gains in the year to date.

Projects Across Northeast Will Harden Grid, Reduce Emissions and  Deliver Benefits for Customers & Local Economies BROOKLYN, N.Y. and WALTHAM, Mass.

National Grid PLC (LSE:NG.) fell almost 9% after unveiling plans to raise £7 billion to fund infrastructure investment in full-year results.