15.03.2017 13:05:00
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Electric Utilities Stocks Under Review -- Calpine, FirstEnergy, Dynegy, and Duke Energy
NEW YORK, March 15, 2017 /PRNewswire/ --
This morning, Stock-Callers.com revisits the Electric Utilities industry, which is engaged in the generation, transmission, and distribution of electric power. Demand is driven by commercial, industrial, and residential electrical power requirements, which are tied to economic activity and population growth. Under assessment are Calpine Corp. (NYSE: CPN), FirstEnergy Corp. (NYSE: FE), Dynegy Inc. (NYSE: DYN), and Duke Energy Corp. (NYSE: DUK). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Calpine
On Tuesday, shares in Texas-based Calpine Corp. recorded a trading volume of 3.26 million shares. The stock ended at $10.76, declining 1.37% from the last trading session. The Company's shares are trading below their 50-day moving average by 7.68%. Furthermore, shares of Calpine, which owns and operates natural gas-fired and geothermal power plants in North America, have a Relative Strength Index (RSI) of 32.82.
On February 10th, 2017, Calpine reported net income of $24 million, or $0.07 per diluted share, for Q4 2016 compared to net loss of $47 million, or $0.13 per diluted share, in Q4 2015. The Company's adjusted EBITDA for Q4 2016 was $357 million compared to $390 million in Q4 2015, and adjusted free cash flow was $93 million compared to $97 million in Q4 2015. Sign up and read the free research report on CPN at:
http://stock-callers.com/registration/?symbol=CPN
FirstEnergy
Akron, Ohio headquartered FirstEnergy Corp.'s stock finished yesterday's session 0.32% lower at $31.00 with a total trading volume of 3.44 million shares. The Company's shares have gained 1.81% in the last one month, 2.11% over the previous three months, and 1.31% on an YTD basis. The stock is trading above its 50-day moving average by 1.52%. Furthermore, shares of FirstEnergy, which through its subsidiaries, generates, transmits, and distributes electricity in the US, have an RSI of 49.28.
On March 10th, 2017, FirstEnergy announced that it recently energized a 69-kilovolt transmission line project that will modernize the local power grid to meet the future needs of Ohio Edison customers in Ashland County. The Company stated that the $7 million rebuild project involved removing an older, existing transmission line and replacing it with a new set of wood poles capable of carrying new, higher capacity wires. Crews installed nearly seven miles of wire on 127 new wooden structures within the existing right-of-way, reducing impact on affected property owners in Perrysville Village and Green Township, Ohio. The complimentary research report on FE can be downloaded at:
http://stock-callers.com/registration/?symbol=FE
Dynegy
At the close of trading on Tuesday, shares in Houston, Texas headquartered Dynegy Inc. saw a drop of 3.20%, ending the day at $7.26. The stock recorded a trading volume of 3.49 million shares, which was above its three months average volume of 3.22 million shares. The Company's shares are trading 18.63% below their 50-day moving average. Moreover, shares of Dynegy, which through its subsidiaries, produces and sells electric energy, capacity, and ancillary services in the US, have an RSI of 31.18.
On February 21st, 2017, research firm Goldman resumed its 'Neutral' rating on the Company's stock.
On February 23rd, 2017, Dynegy reported Q4 2016 net loss of $180 million compared to a net loss of $134 million for Q4 2015. The quarter-over-quarter change was primarily driven by Genco reorganization items, primarily due to the write-off of the remaining unamortized discount related to the Genco's bonds. The Company reported Q4 2016 consolidated adjusted EBITDA of $219 million compared to $222 million for Q4 2015 as improved energy margins, net of hedges, and lower O&M costs at the PJM and MISO segments were offset by lower energy and capacity revenues in the NY/NE and PJM segments. Register for free on Stock-Callers.com and access the latest report on DYN at:
http://stock-callers.com/registration/?symbol=DYN
DukeEnergy
Charlotte, North Carolina headquartered Duke Energy Corp.'s shares ended the day flat at $80.87 with a total trading volume of 2.15 million shares. The stock has gained 4.69% in the last month, 7.84% over the previous three months, and 5.34% on an YTD basis. The Company's shares are trading 3.53% above their 50-day moving average and 3.50% above their 200-day moving average. Additionally, shares of Duke Energy, which together with its subsidiaries, operates as an energy company in the US, have an RSI of 57.28.
On March 09th, 2017, Duke Energy Carolinas announced that it made its annual filings with the North Carolina Utilities Commission (NCUC) for costs associated with fuel, compliance with the state's renewable energy portfolio standard, and implementation of energy efficiency and demand-side management programs. For the first time since 2011, Duke Energy Carolinas customers in North Carolina will see a slight increase in their monthly energy bill related to fuel charges if the Company's annual filings are approved by the NCUC. Get free access to your research report on DUK at:
http://stock-callers.com/registration/?symbol=DUK
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