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PG&E Analyst Upgrades Stocks As Utility Positions To Emerge From Bankruptcy
Monday, May 4, 2020 - 12:15pm | 591Read More...PG&E Corporation (NYSE: PCG) shares traded higher by 7% on Monday after the company reported a major jump in first-quarter earnings on Friday and detailed a plan to replace 11 of its 14 board members once it emerges from bankruptcy. The latest news was well-received by the market, and it...
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PG&E Stock Slammed Following Reports Of Massive Wildfire Liability, Potential Bankruptcy
Monday, January 7, 2019 - 11:04am | 588Read More...PG&E Corporation (NYSE: PCG) opened down 25 percent Monday after CNBC reported the company could face a minimum of $30 billion in liabilities related to California wildfires in 2017 and 2018, citing unnamed sources. The report comes after a Reuters story over the...
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Dominion Resource's Atlantic Coast Pipeline Faces Delays
Monday, September 26, 2016 - 11:37am | 359Read More...Dominion Resources, Inc. (NYSE: D) now expects the Atlantic Coast Pipeline (ACP) to start commercial operations in Q4:19, representing a 12-month delay from the original guidance. Barclays’ Daniel Ford maintains an Overweight rating on the company, while raising the price target from $80 to $...
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Barclays Initiates Connecticut Water Service At Equal Weight
Tuesday, September 6, 2016 - 11:17am | 319Read More...Barclays has started coverage of Connecticut Water Service Inc (NASDAQ: CTWS) with an Equal-Weight rating and $53 price target, representing a potential upside of 13.8 percent. The brokerage said the earnings growth should be more in line with capital spending after the last several years being...
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Barclays Breaks Down Its Outlook On Solar
Wednesday, August 24, 2016 - 11:18am | 535Read More...Barclays believes the second-quarter results from the solar segment were not a one-off "weak quarter." The brokerage sees an inflection point in the segment fueled by consequences of unplanned policy, apart from the limitations on the technologies in the sector. Therefore, there was no change to...
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Barclays: Underweight Great Plains Energy On Merger
Thursday, June 2, 2016 - 7:47am | 225Read More...Great Plains Energy Incorporated (NYSE: GXP) has agreed to acquire Westar Energy Inc (NYSE: WR) for $8.6 billion. Barclays’ Daniel Ford downgraded the rating for the company from Equal-Weight to Underweight, while maintaining the price target at $28. The analyst commented that there would...
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Picking Winners After SunEdison Crash: Canadian Solar And Solar Edge?
Monday, April 4, 2016 - 10:46am | 461Read More...Sometimes when a stock starts to slip, it just glides lower. Other times, a slip leads to a magnificent plummet off the side of a cliff and into a chasmic abyss. Down an outstanding 95 percent year-to-date and a colossal 50 percent in early Monday trading, Sunedison Inc (NYSE: SUNE) seems to...
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Barclays Downgrades Entergy, Still Likes Dividend Yield And Strategy
Friday, February 19, 2016 - 11:04am | 214Read More...Barclays' Daniel Ford downgraded the rating for Entergy Corporation (NYSE: ETR) from Overweight to Equal-weight, while raising the price target from $75 to $76. Ford believes Entergy's stock is fairly valued and there is limited upside opportunity in the near future. An improved regulatory outlook...
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UPDATE: Barclays Capital Upgrades Xcel Energy On Expected Rate Case Outcome
Tuesday, March 24, 2015 - 10:15am | 141Read More...In a report published Tuesday, Barclays Capital analyst Daniel Ford upgraded the rating on Xcel Energy Inc. (NYSE: XEL) from Equal-Weight to Overweight, but lowered the price target from $41.00 to $39.00. In the report, Barclays Capital noted, "We are upgrading the shares of XEL to Overweight in...
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UPDATE: Barclays Capital Upgrades Consolidated Edison on Multiple Positive Factors
Tuesday, February 25, 2014 - 11:11am | 133Read More...In a report published Tuesday, Barclays Capital analyst Daniel Ford upgraded the rating on Consolidated Edison (NYSE: ED) from Equal-Weight to Overweight, and reiterated the $62.00 price target. In the report, Barclays Capital noted, “We are upgrading ED to an Overweight from Equal Weight based on...
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Pepco Holdings: Pepco Rate Case Filing in MD
Thursday, December 31, 2009 - 10:37am | 118Read More...Daniel Ford of Barclays Capital maintains his “2-Equal Weight” rating on Pepco Holdings, Inc. (NYSE: POM), while lowering FY10 EPS to $1.21 from $1.31. Yesterday, POM’s Pepco subsidiary filed a rate case in MD. The proposed $40 million rate increase would enable Pepco to recover construction and...
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PNM CEO to Retire in March 2010
Wednesday, December 9, 2009 - 2:10pm | 99Read More...Analyst Daniel Ford of Barclays Capital maintains his “equal weight” rating on PNM Resources (NYSE: PNM). The target price for PNM has been raised from $11.50 to $12.00. PNM Resources’ CEO Jeff Sterba is scheduled to retire on March 1, 2010. Sterba will continue as the Chairman of the Board. PNM’s...
