Neil Kalton

FirstEnergy Corp. (NYSE: FE) shares crashed 23% on Wednesday after the company was subpoenaed in connection with an investigation surrounding Ohio House Bill 6. Ohio House Speaker Larry Householder was also arrested as part of a $60 million federal racketeering case related to the nuclear energy...

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...

Policymakers have continued to undertake legislative initiatives that support nuclear power. This is especially the case in Illinois, where 60 percent of the nuclear capacity of Exelon Corporation’s (NYSE: EXC) ExGen subsidiary is located, according to Wells Fargo. The Analyst Wells Fargo...

The long-term future for California utility stocks is riding on the state’s willingness and ability to reform inverse condemnation laws, according to a Wells Fargo analyst — and he's not hopeful.  The Analyst Wells Fargo analyst Neil Kalton reiterated a Market Perform...

PG&E Corporation (NYSE: PCG) has rallied more than 18 percent since the company officially filed for bankruptcy on Jan. 29. However, one Wall Street analyst said he is increasingly pessimistic the state of California will modify its wildfire liability laws to help protect its public utilities....

The announcement that California utility company PG&E Corporation (NYSE: PCG) is preparing for bankruptcy sent shares of the battered stock tumbling more than 62 percent this week. However, a potential PG&E bankruptcy could also impact other utility stocks. Several Wall Street analysts have...

DTE Energy Co (NYSE: DTE) boasts an "excellent" track record of achieving its financial targets, but management's 2022 outlook may not be achievable. The Analyst Wells Fargo's Neil Kalton downgraded DTE Energy from Outperform to Market Perform with a price target lowered from $...

Following its meeting with water utility executives around the 2017 NAWC Water Summit, Wells Fargo Securities upgraded shares of Aqua America Inc (NYSE: WTR). The firm attributed the positivity to the management focus on the "tuck-in" M&A arena and expectations for a constructive outcome in...

Wells Fargo Securities upgraded shares of Great Plains Energy Incorporated (NYSE: GXP) and Westar Energy Inc (NYSE: WR), saying the shares appear modestly undervalued on its base case. The firm sees further upside potential should Missouri and/or Kansas become more supportive over time. As such...

Wells Fargo Securities downgraded shares of 8Point3 Energy Partners LP (NASDAQ: CAFD) and lowered its price target on Thursday, citing growth/strategic concerns given future sponsorship uncertainties. Concerns Abound Analysts Glen Pruitt, Neil Kalton and Sarah Akers noted that increasing concerns...