National Grid share price has imploded: buy the dip?
National Grid (LON: NG) share price has become toxic this week as investors reacted to its financial results and a cut in UK power prices. The stock, which peaked at over 1,142p last week, has now plunged to about 911p, its lowest level since October last year. National Grid’s slowing businessNational Grid is one of the biggest utility companies in the UK, where it offers electricity distribution and transmission. It also has large operations in the United States, where it provides power to over 20 million people in New York and Massachusetts. The company published relatively weak financial re...