The shares of utility Allegheny Energy (AYE), which I first wrote about on May 25, 2009, at a price of $25, have moved slightly higher in the past three months, and the stock is still preferred at this juncture. Here's why.

Allegheny's fundamental story remains attractive. Look for Allegheny's 2011 revenue to increase 3% to 6% on customer growth, higher electric power rates and increased generation capacity.

The First Call FY2010/FY2011 EPS estimates for AYE are $2.14 to $2.20. The FY2011 EPS estimate looks about 5% low according to my analysis.

Continue reading Allegheny Energy's Shares Remain on the Mend

Allegheny Energy's Shares Remain on the Mend originally appeared on BloggingStocks on Mon, 27 Dec 2010 10:30:00 EST. Please see our terms for use of feeds.

Continue reading Allegheny Energy's Shares Are on the Mend

Allegheny Energy's Shares Are on the Mend originally appeared on BloggingStocks on Fri, 24 Sep 2010 13:30:00 EST. Please see our terms for use of feeds.

Continue reading Closing Bell: The Return of Some Normalcy ... (AYE, FE, JASO, ALU, BSX, ATVI, ERTS)

Closing Bell: The Return of Some Normalcy ... (AYE, FE, JASO, ALU, BSX, ATVI, ERTS) originally appeared on BloggingStocks on Thu, 11 Feb 2010 16:10:00 EST. Please see our terms for use of feeds.

Continue reading Look for Allegheny Energy to make the slow walk north

Look for Allegheny Energy to make the slow walk north originally appeared on BloggingStocks on Wed, 23 Sep 2009 16:30:00 EST. Please see our terms for use of feeds.

Readers of this space know that one of the preferred sectors is the electric power generation sector.

And it's preferred for a reason that may not be obvious to all. Electricity via wind, solar, and nuclear generation is likely to play a large role in energy as climate change reduction, then elimination, becomes a societal goal. Electricity also remains a potential propulsion source for cars, given that crude oil has apparently resumed its climb to uncomfortable levels. And with the above in mind, electric power generator Allegheny Energy (NYSE: AYE) is worth a review.

Continue reading Allegheny Energy knows the U.S. will eventually need more power

Allegheny Energy knows the U.S. will eventually need more power originally appeared on BloggingStocks on Sat, 30 May 2009 14:10:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Citigroup upgraded Lennar (NYSE: LEN) to Buy from Hold as it believes the company's near-term liquidity profile is improved following the $400M debt issuance. The firm raised its target price to $12 from $11.
• Jefferies upgraded Rowan Companies (NYSE: RDC) to Buy from Hold as it believes jack-up drillers will continue to outperform deepwater names. The firm raised its target price to $27 from $20.
• Keefe Bruyette upgraded First Financial (NASDAQ: FFIN) to Market Perform from Underperform to reflect more positive loan data for the Texas banks. The firm raised its target price on shares to $44 from $38.
• MGM Mirage (NYSE: MGM) was upgraded to Overweight from Neutral at JP Morgan.
• Morgan Stanley (NYSE: MS) was upgraded to Outperform from Market Perform at JMP Securities.
• Brinker (NYSE: EAT) was upgraded to Overweight from Equal Weight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: LEN, RDC, FFIN, SII, AN, ACHN, UA, LULU, JST

Analyst upgrades, downgrades and initiations: LEN, RDC, FFIN, SII, AN, ACHN, UA, LULU, JST originally appeared on BloggingStocks on Mon, 18 May 2009 10:30:00 EST. Please see our terms for use of feeds.