NJR has been in the news 900% more than usual
Nov 25, 2024, 11:31 PM
-9.07%
What does NJR do
New Jersey Resources is a holding company headquartered in Belmar, providing regulated natural gas distribution and unregulated energy services with 1,350 employees. Its segments include Natural Gas Distribution, Energy Services, Clean Energy Ventures, and Storage and Transportation.
NJR has been in the news recently: NJR Clean Energy Ventures sold a 91 MW residential solar portfolio to Spruce Power for $132.5 million, which will increase Spruce Power's customer base in New Jersey to around 16,000. Additionally, New Jersey Resources Corporation reported a fiscal 2024 net income of $289.8 million, an increase from $264.7 million in the prior year.
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