Reports Q1 revenue $2.4B, consensus $2.54B. “The first quarter financial results were in-line with our plan,” said Pedro Azagra, chief executive officer of Avangrid. “We continue to successfully execute on our multi-year rate plans in both New York and Maine. During the first quarter, we powered up the first-in-the-nation Vineyard Wind 1 project and most recently answered the New England region’s call by submitting multiple proposals offering shovel-ready New England Wind offshore projects into the tri-state solicitation.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGR:
- Avangrid Enhances Director Protections, Mulls Iberdrola Offer
- Avangrid, Statkraft enter virtual power purchase agreement
- Avangrid receives federal Record of Decision for New England Wind
- Avangrid announces construction of fifth wind farm in Illinois
- Avangrid downgraded to Sell from Neutral at Janney Montgomery Scott