Avangrid, Inc. (NYSE: AGR) Sees Significant Share Purchase by Iberdrola and Plans to Electrify Fleet

• Iberdrola, S.A. acquires 71.35 million shares of Avangrid, Inc. (NYSE:AGR) at $35.75 per share, reinforcing its stake in the sustainable energy sector.
• Avangrid announces the acquisition of over 130 new hybrid bucket trucks to electrify their fleet, highlighting their commitment to renewable energy solutions.
• The stock for Avangrid shows a slight increase, with a current price of $36.02, amidst active investor interest and ongoing initiatives in sustainable energy.

On December 23, 2024, Iberdrola, S.A., a significant stakeholder in Avangrid, Inc. (NYSE:AGR), executed a substantial transaction by purchasing 71.35 million shares of Avangrid's common stock at $35.75 per share. Avangrid, a key player in the sustainable energy sector, is part of the Iberdrola Group, which is known for its commitment to renewable energy solutions.

Avangrid has announced plans to acquire over 130 new hybrid bucket trucks in the next three years. This move is part of their strategy to electrify their fleet across Northeast utilities. The company already uses hybrid vehicles, but this expansion underscores their dedication to alternative energy sources, including electric and hybrid technologies.

The stock for AGR is currently priced at $36.02, showing a slight increase of 0.81% or $0.29. Throughout the day, the stock has seen fluctuations, with a low of $35.65 and a high of $36.15. Over the past year, AGR's stock has varied between a high of $37.70 and a low of $29.71, indicating some volatility in its market performance.

Avangrid's market capitalization is approximately $13.94 billion, reflecting its substantial presence in the energy sector. Today's trading volume for AGR is 2,917,369 shares, suggesting active investor interest. This aligns with the company's ongoing initiatives to enhance its sustainable energy offerings and fleet electrification efforts.