Avangrid Inc (AGR) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Avangrid Inc. faces uncertainty as Iberdrola S.A.’s non-binding proposal to purchase outstanding shares remains unresolved. Although Iberdrola already owns a significant majority, the potential for changes to the proposition or related litigation could unsettle investors. The market price of Avangrid’s common stock is susceptible to fluctuations stemming from the ambiguity of the transaction’s outcome. Without a definitive agreement, Avangrid’s future as an independent public company or private entity under Iberdrola’s complete control hangs in the balance.
The average AGR stock price target is $33.50, implying -8.34% downside potential.
To learn more about Avangrid Inc’s risk factors, click here.
