Report
Andrew Bischof
EUR 100.00 For Business Accounts Only

Offshore Wind Presents Risks and Opportunities For U.S. Utilities

After reviewing the latest developments in U.S. offshore wind development, we are reaffirming our fair value estimates, moat ratings, and moat trend ratings for all U.S. utilities.
Utilities in our coverage with the most offshore wind exposure include Avangrid, Eversource Energy, Dominion, and Public Service Enterprise Group. European utility Orsted's U.S. projects in part support our 21% EPS CAGR estimate for the company through 2028.
The U.S. east coast is the focus of activity with more than ...
Underlying
NextEra Energy Inc.

NextEra Energy is a holding company, engaged in electric power and energy infrastructure. The company has two principal businesses, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). FPL is a rate-regulated electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. FPL provides service to its electric customers through a transmission and distribution system that links its generation facilities to its customers. NEER, through its subsidiaries, owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets primarily in the United States and Canada.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof

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