National Grid shares are trading lower. The company announced it plans to invest an estimated $75 billion in the US and UK over the next five years.
Portfolio Pulse from Benzinga Newsdesk
National Grid shares are trading lower after the company announced a $75 billion investment plan in the US and UK over the next five years.
May 23, 2024 | 12:24 pm
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National Grid shares are trading lower following the announcement of a $75 billion investment plan in the US and UK over the next five years.
The significant investment plan may raise concerns about increased capital expenditure and potential impact on short-term profitability, leading to a decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100