Stephen Byrd

PG&E Corporation (NYSE: PCG) investors recieved some much-needed good news Thursday that sent the stock skyrocketing nearly 75 percent. PG&E was cleared of liability for the 2017 California wildfires, and several Wall Street analysts have already weighed in on what the latest news means for...

Well, at least one overhang has been removed for PG&E Corporation (NYSE: PCG). The California Department of Forestry and Fire Protection said Thursday afternoon the October 2017 Tubbs fire was caused by a private electrical system. The department said investigators didn't identify any...

Things are coming down to the wire for battered California utility stock PG&E Corporation (NYSE: PCG) after the company indicated earlier this month it faces roughly $30 billion in wildfire liability and is preparing a bankruptcy filing. However, one Wall Street analyst said Monday the stock...

After a wild and unpredictable 2018, PG&E Corporation (NYSE: PCG) are bracing for what could be another volatile year in 2019. After recent developments related to the California wildfires, one Wall Street analyst said PG&E could face up to $6.9 billion in new penalties related to its role...

The extreme volatility in PG&E Corporation (NYSE: PCG) stock continued Friday after encouraging commentary from the California Public Utility Commission and an unlikely upgrade sent the stock skyrocketing more than 45 percent. What’s At Stake For traders who haven’t been following...

Bloom Energy Corp (NYSE: BE) hit the ground running on the public market, trading as high as $29.88 in its first few weeks following its July IPO that priced at $15. The analyst quiet period on the stock has expired, and a handful of analysts weighed in Monday. Here's a sampling of...

With the stock up more than 150 percent since the start of 2018 and 60 percent since April alone, the bullish case for Sunrun Inc (NASDAQ: RUN) is over, according to Morgan Stanley.  The Analyst Analyst Stephen Byrd downgraded Sunrun from Overweight to Equal-weight with a price...

Regulatory and legislative developments are working to the advantage of Ameren Corp (NYSE: AEE), according to Morgan Stanley. The Analyst Analyst Stephen Byrd upgraded shares of Ameren from Underweight to Equal-weight and increased the price target from $55 to $61, suggesting 6-percent upside...

Stock market volatility has resulted in the utilities sector trading lower by 8 percent in 2018, according to Morgan Stanley — creating some buying opportunities for investors, as well as a call for investors to revise their bullish stance on one name. The Analyst Morgan Stanley's...

Ameren Corp (NYSE: AEE) missed on third-quarter earnings estimates Nov. 3. The Analyst Morgan Stanley's Stephen Byrd downgraded the power company from Equal-weight to Underweight and left the price target for the stock unchanged at $61. The Thesis Both the House and Senate tax reform...

U.S. solar stocks briefly rallied on Friday after the U.S. International Trade Commission ruled that solar imports have been harming domestic companies. The ruling opens the door for President Donald Trump to exercise the power granted to him under Section 201 of the Trade Act of 1974 to impose...

Morgan Stanley said in a note Thursday it now sees a compelling risk-reward skewed to the upside for Public Service Enterprise Group Inc. (NYSE: PEG), given the fact that there are many ways to win. The firm said the company is one of high quality, with an attractive valuation. As such, the firm...

Stephen Byrd of Morgan Stanley sees Exelon Corporation (NYSE: EXC) as an attractive growth company still trading at a compelling valuation. Upgrade Justification In a research report on Friday, Byrd upgraded shares of the utility services holding company to Overweight from Equal Weight with an...

Stephen Byrd of Morgan Stanley has downgraded Entergy Corporation (NYSE: ETR) to Underweight on potential risks to earnings from higher nuclear costs and continued weakness in sales. “We see risks to earnings power at the utilities due to potential disallowance of nuclear costs and a...