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COMPANY BENCHMARKING • UNITED STATES

Avangrid, Inc. - Company Profile

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Avangrid, Inc. - Overview

Description
Avangrid is a public company headquartered in Connecticut with an estimated 7,579 employees. In the US, the company has a notable market share in at least one industry: Wind Power, where they account for an estimated 2.6% of total industry revenue.
Company Details

Registered Name: Avangrid, Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 180 Marsh Hill Road Orange CT 06477

Website: https://www.avangrid.com/

Employees: 7579

Avangrid, Inc. - Operating Industries and Main Competitors

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Avangrid, Inc. - Products and Services

  • Wind Power in the US

  • Of the 3 core revenue-generating products and services in the Wind Power in the US industry, Avangrid, Inc. offers:
    • Distributed generation
    • Utility scale generation
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Avangrid, Inc. - Analyst Insights

Participating in the transition to a clean hydrogen economy

In 2022, Avangrid joined the Guidehouse “Building the Clean Hydrogen Economy” consortium. Avangrid studies Hydrogen energy applications in Connecticut, New York, Maine, the Gulf Coast and Oregon. The company focuses on the production, storage, and distribution of Hydrogen fuel for transportation applications. To further implement the high energy fuel in the future, companies like Avangrid are seeking low-cost, scalable uses for Hydrogen energy to reduce net carbon emissions. The high cost of Hydrogen storage and transportation has limited its use, except for rocket fuel.

Balance Sheet|Competition|New Activity|ESG|Structural|M&A|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Avangrid, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Avangrid, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Wind Power in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Avangrid, Inc. - Financial Statements & Ratios

pie_chartAvangrid, Inc. Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue8,309.07,923.06,974.06,320.06,336.06,477.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartAvangrid, Inc. Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents91.069.01,474.01,463.0178.036.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartAvangrid, Inc. Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net Income665.0821.0643.0539.0643.0590.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

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