Utilities
(NRG) SunPower Books Earnings in First Quarter – Sales Beat
SunPower Corporation’s (SPWR) first quarter 2013 adjusted earnings per share (including stock-based compensation) were 15 cents per share compared to a loss of 23 cents per share incurred in the year-ago quarter. The results...3May2013 | vitalstocks | Comments Off | Continued
(UTL) Unitil Corporation Makes Rate Plea in New Hampshire
New Hampshire local natural gas distribution utility of Unitil Corporation (UTL) has made a request for an increase in natural gas distribution base rates. The request is made to New Hampshire Public Utilities Commission (NHPUC). It...3May2013 | vitalstocks | Comments Off | Continued
(PNW) Pinnacle West Capital Starts Solar Operation in Yuma
Pinnacle West Capital Corp’s (PNW) primary subsidiary Arizona Public Service & Co announced the conclusion of the first phase of the Foothills Solar Power Plant in Yuma County, Ariz., bringing online 17 megawatt (“MW’)....3May2013 | vitalstocks | Comments Off | Continued
(PCG) PG&E Misses Earnings
PG&E Corporation’s (PCG) adjusted operating earnings per share of 63 cents in the first quarter of 2013 fell short of the Zacks Consensus Estimate of 70 cents. The reported figure also came in below the year-ago number of 89...2May2013 | vitalstocks | Comments Off | Continued
(WEC) Wisconsin Energy Beats Earnings Estimates
Wisconsin Energy Corporation (WEC) posted first-quarter 2013 net operating earnings of 76 cents per share, beating the Zacks Consensus Estimate by 5 cents. The 2 cent year-over-year rise in earnings was primarily driven by higher...1May2013 | vitalstocks | Comments Off | Continued
(AEP) American Electric Power Company Earnings Meet Estimates
American Electric Power Company Inc. (AEP) posted adjusted first quarter 2013 operating earnings of 80 cents per share, which came in line with the Zacks Consensus Estimate as well as the year-ago profit. The company witnessed...29Apr2013 | vitalstocks | Comments Off | Continued
(NU) Northeast Utilities Remains Neutral
We are maintaining our Neutral recommendation on Northeast Utilities (NU). The company currently has a Zacks Rank #2 (Buy). Why the Reiteration? The reiteration is primarily based on risks associated with...27Apr2013 | vitalstocks | Comments Off | Continued
(FE) FirstEnergy Corporation Unit to Upgrade Assets
FirstEnergy Corporation (FE) is progressing with its modernization work and joining the drive is the company’s business wing Pennsylvania Electric Company (Penelec). Penelec announced its plan to invest roughly $105 million to develop...27Apr2013 | vitalstocks | Comments Off | Continued
(OKE) ONEOK Inc. Hits 52-Week High
On Apr 16, 2013, the shares of ONEOK Inc. (OKE) climbed to its 52-week high of $50.02 driven by completion of three important organic projects and strong fourth-quarter and full-year 2012 results. The strong results were driven by...27Apr2013 | vitalstocks | Comments Off | Continued
(NI) NiSource Concludes Notes Issuance
NiSource Inc.’s (NI) ancillary NiSource Finance Corp. concluded the sale of $750 million, 4.80% Series 1, long-term notes due Feb 15, 2044. The company will utilize the net proceeds to finance its short-term obligations under the...27Apr2013 | vitalstocks | Comments Off | Continued
(CMS) CMS Energy Reaches 52-Week High
On Apr 12, 2013, shares of CMS Energy Corporation (CMS) hit a 52-week high of $28.76. CMS Energy registered positive earnings surprises in the last three quarters, with an average beat of 3.75%. In 4Q12, the company reported...23Apr2013 | vitalstocks | Comments Off | Continued
(NU) Northeast Utilities Hits 52-Week High
On Apr 12, 2013, the shares of Northeast Utilities (NU) climbed to its 52-week high of $44.74 driven by its strong projects pipeline and diversified asset base. We expect the company’s long-term earnings growth to be 7.55%. As...21Apr2013 | vitalstocks | Comments Off | Continued
(DUK) Duke Energy Buys Twin Solar Farms
Duke Energy Renewables, a unit of Duke Energy Corporation (DUK), has completed the acquisition of two commercial solar power projects, namely, Highlander Solar 1 and 2 for an undisclosed amount. The company has purchased the projects...18Apr2013 | vitalstocks | Comments Off | Continued
(PPL) PPL Corporation Attains 52 Week High
On Apr 11, 2013, the shares of PPL Corporation (PPL) climbed to its 52-week high of $31.95 driven by its strong liquidity position, diversified asset portfolio and steady inorganic growth strategy. The company had reported solid fourth-quarter...18Apr2013 | vitalstocks | Comments Off | Continued
(XEL) Xcel Energy to Remain Neutral
We reiterate our Neutral recommendation on Xcel Energy Inc. (XEL). The Minneapolis-based electricity and natural gas company at present carries a Zacks Rank #2 (Buy). Why the Reiteration? We believe the...18Apr2013 | vitalstocks | Comments Off | Continued
(AWK) American Water Works Hits 52-Week High
On Apr 8, 2013, shares of American Water Works Company Inc. (AWK) hit a 52-week high of $41.85. American Water Works registered positive earnings surprises in three of the last four quarters of 2012, with an average beat of 7.21%. In...18Apr2013 | vitalstocks | Comments Off | Continued
(EIX) Edison International Retained at Outperform
On Mar 14, we retained our Outperform recommendation on Edison International (EIX) following its fourth-quarter results, where reported numbers comfortably beat the Zacks Consensus Estimates. This diversified utility presently carries...24Mar2013 | vitalstocks | Comments Off | Continued
(EIX) Edison International to Miss Again?
Edison International (EIX) is slated to release its fourth quarter 2012 financial results after the market bell on Feb 26, 2013. In the last reported quarter, the electric generation and distribution company posted a negative surprise...4Mar2013 | Shawn | Comments Off | Continued
(PCG) PG&E Posts Higher Profits
PG&E Corporation’s (PCG) operating earnings per share of 59 cents in the fourth quarter of full year 2012 beat the Zacks Consensus Estimate of 58 cents. However this came below the year-ago number of 89 cents. On a reported basis,...1Mar2013 | Shawn | Comments Off | Continued
(AEP) American Electric Power Company Show Strong Fourth Quarter
Before the bell, American Electric Power Company Inc. (AEP) reported its fourth quarter and full year 2012 results. In the reported quarter, the company clocked operating earnings of 50 cents per share, beating the Zacks Consensus...26Feb2013 | Shawn | Comments Off | Continued
(LNT) Utility Industry Stock Outlook – Febuary 2013 – Industry Outlook
Overview The rise in population has led to an increasing demand for essential utility supplies. Here utility companies step in with their ability to generate essential supplies in large volumes and cater steadily to the needs of their customers. The utility companies generally...21Feb2013 | Shawn | Comments Off | Continued
(DUK) Duke Energy Files Rate Hike to Recoup Costs
Duke Energy Carolinas, a subsidiary of Duke Energy Corporation (DUK), has requested the North Carolina Utilities Commission (“NCUC”) to make a 9.7% rate increase. If approved, the rate increase would generate $446 million more...19Feb2013 | Shawn | Comments Off | Continued
(NRG) NRG Energy’s Alpine Plant Comes Online
NRG Energy Inc.’s (NRG) renewable division NRG Solar announced the commencement of operation at its 66 megawatt (“MW”) Alpine Generating station in Los Angeles County, California. The (AC) photovoltaic facility will generate...18Feb2013 | Shawn | Comments Off | Continued
(AES) AES to Sell Two Ukraine Businesses
The AES Corporation (AES) has entered into an agreement with VS Energy International to sell two of its power distribution businesses in Ukraine. Subject to local regulatory approval, the transaction is expected to close by mid 2013. The...18Feb2013 | Shawn | Comments Off | Continued
(DUK) Duke Energy Shedding Coal Plants
Duke Energy Corporation (DUK) announced that its Buck and Riverbend steam stations, coal-fired power plants in the Charlotte area, will retire two years earlier than scheduled. Earlier, both stations had been slated for retirement...15Feb2013 | Shawn | Comments Off | Continued
(NVE) NV Energy Raises Dividend
The board of directors of NV Energy Inc. (NVE) has approved to increase the quarterly dividend of the company by 11.8% to 19 cents. The revised dividend is payable on Mar 20, 2013, to shareholders of record at the close of business...11Feb2013 | Shawn | Comments Off | Continued
(TE) Teco Energy Likely to Beat
We expect diversified utility company Teco Energy Inc. (TE) to beat expectations when it reports fourth-quarter 2012 results on Feb 5, 2013. Why a Likely Positive Surprise? Our proven model shows that...11Feb2013 | Shawn | Comments Off | Continued
(SO) Georgia Power Files a 20-year Plan
Georgia Power Co. – the largest subsidiary of electric utility firm Southern Company (SO) – has filed a 20-year resource plan with the Georgia Public Service Commission (PSC), asking for a planned reduction in its power generating...11Feb2013 | Shawn | Comments Off | Continued
(D) Earnings Preview: Dominion Resources
Dominion Resources Inc. (D) is slated to release its fourth quarter 2012 financial results before the market bell on Jan 31, 2013. In the last quarter, the power generation, distribution and transmission company posted a negative surprise...10Feb2013 | Shawn | Comments Off | Continued
(CNL) Alternative Energy Stock Outlook – February 2013 – Zacks Analyst Interviews
Historically, the growth outlook of alternative energy companies has been directly related to the state of the economy and inversely related to the prices of petroleum products. While that relationship remains in place, other macroeconomic uncertainties are weighing on the sector’s fortunes. According...9Feb2013 | Shawn | Comments Off | Continued