After reviewing the latest developments in the U.S. offshore wind industry, we are reaffirming our fair value estimates, economic moat ratings, and moat trend ratings for the U.S. utilities we cover.
Utilities under our coverage with the most offshore wind exposure include Avangrid (AGR), Eversource Energy (ES), Dominion Energy (D), and Public Service Enterprise Group (PEG). European utility Orsted’s U.S. projects in part support our estimated 21% compound annual growth rate for the company’s earnings per share through 2028.
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Travis Miller does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.