BofA Keeps Buy Rating on National Grid, Sees Double-Digit Profit Growth
BofA analysts retain their buy rating on National Grid, expecting double-digit earnings growth after first-half results and higher capex guidance.
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what happened
BofA analysts have kept their buy rating on shares of the U.K. grid operator National Grid, Market Talk reports. In their view, the company can deliver double-digit earnings growth.
According to the bank, the first-half results were encouraging and showed solid execution. The company also raised its capital expenditure guidance, which the analysts say suggests that worries about supply chain constraints may be overstated.
BofA expects earnings per share to rise at a compound annual rate of 9.6% through 2030.
why it matters
For investors, such views matter mainly for regulated grid companies, where rising network investment supports earnings expectations. This is the bank's own assessment, not a forecast for the share price.
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sources
- National Grid Set for Growth — Market Talk, 6 November 2026 at 10:23 UTC
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