Edison International

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  • uploads///SRE dvd
    Company & Industry Overviews

    These Big Utilities Are Paying Higher Dividends Now

    Sempra Energy paid annual dividends totaling $3.02 per share in 2016, while EIX and PCG paid per-share dividends of $1.98 and $1.93, respectively, in 2016.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Highest Dividend Growth: Comparing NEE, EIX, and AWK

    Utilities have been weak compared to the broader markets this year largely due to the strength in the Treasury yields.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Tracking Institutional Investment in Sempra Energy in 4Q17

    Sempra Energy (SRE) became the largest utility by market capitalization in California after PG&E’s (PCG) steep fall in 4Q17.

    By Vineet Kulkarni
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    Company & Industry Overviews

    PG&E: Recent Developments and Chart Indicators

    On December 13, PG&E (PCG) filed its 2020 general rate case with the California Public Utilities Commission.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Where Sempra Energy Stock Might Go from Here

    Currently, Sempra Energy (SRE) stock is trading at $114.3, nearly 1% below its 50-day moving average and 3% above its 200-day moving average levels.

    By Vineet Kulkarni
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    Company & Industry Overviews

    NRG, SRE, AWK, and EIX: Utility Stocks with Strong Upside Potential

    Analysts have given NRG Energy a median target price of $44.5, which implies an ~14% upside potential compared to its current price of $39.0.

    By Vineet Kulkarni
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    Energy & Utilities

    Millennium Management adds new position in Anixter International

    For 1Q14, Anixter’s results beat on earnings, but missed on revenue.

    By Samantha Nielson
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    Macroeconomic Analysis

    Coal under Pressure as Natural Gas Prices Fall Again

    Natural gas prices ended the September 4 week in red. Low natural gas prices have eaten away market share from coal in electricity generation.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Grexit Worries Pull Down Utilities and Broader Markets

    On June 26, Greek Prime Minister Alexis Tsipras called for a July 5 referendum to decide whether Greeks want to accept the creditors’ terms.

    By Mike Sonnenberg
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    Company & Industry Overviews

    PG&E Stock: Are Analysts Cautious?

    Among the 16 analysts covering PG&E, eight recommended a “hold,” four recommended a “buy,” and four recommended a “strong buy.”

    By Vineet Kulkarni
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    Company & Industry Overviews

    Analysts Expect a Handsome Upside for Sempra Energy in 2017

    According to analysts’ estimates, Sempra Energy has a median price target of $114.57 compared with its current market price of $101.67.

    By Vineet Kulkarni
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    Company & Industry Overviews

    PG&E Stock Rose ~20% Last Week

    PG&E stock rose almost 20% last week after Governor Newsom suggested having a wildfire fund in order to finance wildfire-related liabilities.

    By Vineet Kulkarni
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    Energy & Utilities

    More Volatility Ahead for PG&E Stock?

    PG&E will exit Chapter 11 bankruptcy by the end of June. The stock might continue to be volatile in trading as this deadline nears amid uncertainties.

    By Vineet Kulkarni
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    Energy & Utilities

    What’s in Store for PG&E and Its Investors in 2020?

    This year is going to be crucial for PG&E (PCG) and its investors. The utility has a deadline of June 30, 2020, to exit Chapter 11 bankruptcy.

    By Vineet Kulkarni
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    Dividends

    The Top Utility Stocks with Strong Dividend Growth

    Utility stocks’ dividend growth plays a vital role in driving investors’ total returns over the long term, making it important as a dividend yield.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E Endures Blackouts, Bankruptcy, and Volatile Stock

    On Thursday, PG&E’s chairman, Bill Johnson, said that preventive power shutoffs could continue for at least five more years.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E Troubles Keep Mounting after Key Settlement

    Recently, uncertainty continued to pour in for PG&E (PCG). The bankruptcy court judge approved the company’s $13.5 billion settlement with wildfire victims.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E Faces Moment of Truth, Newsom Rejects Plan

    California Governor Gavin Newsom rejected PG&E’s (PCG) reorganization plan on December 13. The rejection is a huge setback for the company.

    By Vineet Kulkarni
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    Energy & Utilities

    What’s Next for PG&E as Creditors Play the Newsom Card

    Creditors have lobbied California governor Gavin Newson to reject PG&E’s recent $13.5 billion settlement with wildfire victims.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E’s Settlement with Wildfire Victims Is a Big Win

    Last week, PG&E reached a settlement to resolve individual claims associated with wildfires in the last few years. The agreement is valued at $13.5 billion.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E Stock: Has Santa Claus Come Early This Year?

    Recently, PG&E stock continued to rise. The stock has gained in seven of the last eight trading sessions. Collectively, the stock has risen more than 30%.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E: Short Interest, Volatility, and Chart Indicators

    Bankrupt utility PG&E Corporation (PCG) stock started December off on a positive note, gaining more than 5% on December 2.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E Gets Hate, but California Blackouts Did Their Job

    PG&E was strongly criticized for its preemptive blackouts this season, but according to the company, the blackouts prevented significant damage.

    By Vineet Kulkarni
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    Energy & Utilities

    PG&E Gets No Respite from Inverse Condemnation

    Yesterday, a judge denied PG&E’s plea to reduce its current wildfire liability by dodging inverse condemnation, according to the San Francisco Chronicle.

    By Vineet Kulkarni
  • Energy & Utilities

    Must-know: Risks to AES Corporation’s business

    Given the nature of its business, AES Corporation (AES) faces risks relating to currency fluctuations, fuel prices, interest rates, and a scattered business model.

    By Matt Phillips
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    Energy & Utilities

    PG&E Continues to Burn amid Wildfires and Blackouts

    While PG&E Corporation (PCG) continues to tackle deadly wildfires and preemptive blackouts, it’s also readying for a major winter storm this week.

    By Vineet Kulkarni
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    Energy & Utilities

    A brief overview of Exelon’s power operations

    Power generation is a significant segment for Exelon, generating more than 60% of its total revenue. The energy delivery business provides the other 40% of the company’s revenues.

    By Matt Phillips
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    Company & Industry Overviews

    Where PG&E Stock Might Go amid Mounting Woes

    PG&E’s (PGE) troubles continue to mount every day. The bankrupt utility needs to raise a total of $12 billion by December 6 to fund its restructuring plan.

    By Vineet Kulkarni
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    Company & Industry Overviews

    PG&E: Institutional Buying, Volatile Stock, and Blackouts

    PG&E (PCG) shares rose 15% last week. While the utility’s troubles continue to mount, the stock’s large swings haven’t stopped.

    By Vineet Kulkarni
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    Company & Industry Overviews

    PG&E Stock Continues to Soar, Bears Run for Cover

    The wild swings continued in PG&E stock yesterday. The stock gained another 13%. The company has come up with a compensation plan for wildfire victims.

    By Vineet Kulkarni
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    Company & Industry Overviews

    How PG&E Stock Could Trade as Troubles Multiply

    PG&E reported a net loss of $1.6 billion during Q3, mainly driven by $2.5 billion pretax charges for claims related to the 2017 and 2018 wildfires.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Where PG&E Stock Might Go amid Interest from Mayors

    PG&E gained for the sixth straight day amid increased uncertainty. The stock has gained more than 80% during this period and closed at $8 on Tuesday.

    By Vineet Kulkarni
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    Company & Industry Overviews

    PG&E Stock Marches Higher amid Uncertainty

    PG&E stock rose about 9% today at 10:00 AM ET. Shares of the bankrupt utility fell more than 65% following California’s recent wildfires and power shutoffs.

    By Vineet Kulkarni
  • uploads///forest fire _
    Company & Industry Overviews

    PG&E: As Wildfires Rage On, Investors Get Burned

    PG&E has disclosed one of its transmission lines malfunctioned just before the Kincade Fire broke out, prompting its stock to fall more than 30% on Friday.

    By Vineet Kulkarni
  • uploads///ANR
    Company & Industry Overviews

    Highest Dividend Growth: Analysts’ Ratings on NEE, AWK, and EIX

    Let’s take a look at analysts’ recommendations for the utility stocks under review in this series.

    By Vineet Kulkarni
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    Company & Industry Overviews

    S&P 500 Utilities Stocks with Maximum Upside Potential

    PG&E (PCG) stock offers a handsome upside potential of 71% going forward. Wall Street analysts have given it a median target price of $40.2.

    By Vineet Kulkarni
  • uploads///wildfire _
    Company & Industry Overviews

    California Utilities Are Upbeat, Wildfire Bill Moves Forward

    On Tuesday, PG&E (PCG) stock rose more than 6% during the early trading hours. The stock lost most of its gains and closed 0.7% higher.

    By Vineet Kulkarni
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    Energy & Utilities

    Utilities in Focus on Unstable Bond Yields and Rate Cut Hopes

    Utilities, which are sensitive to interest rates, rose 1.8% while the S&P 500 managed to gain almost 2% in the week that ended on July 5.

    By Vineet Kulkarni
  • uploads///PCG
    Company & Industry Overviews

    What’s Next for PG&E Corporation Stock?

    According to Reuters, PG&E (PCG) won a court approval on March 27 for a $5.5 billion loan to help keep up its electric and gas delivery operations.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Sempra Energy or Edison International: Which Could Emerge Strong?

    Edison International stock has lost ~20% in the last three months since the deadly wildfires in November.

    By Vineet Kulkarni
  • uploads///PCG stk
    Company & Industry Overviews

    PG&E Stock: Is the Valuation Attractive?

    PG&E is trading at a forward PE ratio of 12x—based on the estimated EPS in 2019. PG&E’s ratio is lower than its peers’ average forward PE ratio.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Will PG&E Continue to Trade Strong after the Cascade Fire?

    On October 9, fire investigator Cal Fire said that PG&E’s (PCG) sagging power lines and heavy winds started the Cascade fire in October 2017.

    By Vineet Kulkarni
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    Company & Industry Overviews

    S&P 500 Utilities: A Look at Last Week’s Leaders and Laggards

    US utility stocks have corrected roughly 11% in the last three months since the last rate hike in December 2017.

    By Vineet Kulkarni
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    Company & Industry Overviews

    SRE, EIX, and PCG: What’s in Store?

    Utilities (XLU) have been weak and have fallen more than 12% since the last interest rate hike in December 2017.

    By Vineet Kulkarni
  • uploads///SRE stk
    Company & Industry Overviews

    How Sempra Energy Looks from a Valuation Perspective

    Sempra Energy (SRE) is trading at an EV-to-EBITDA multiple of 13x—higher than its five-year historical average.

    By Vineet Kulkarni
  • uploads///SRE anr
    Energy & Utilities

    Sempra Energy’s Price Targets and Wall Street’s Views

    Sempra Energy (SRE) became the largest utility by market capitalization in California after PG&E’s (PCG) wildfire fiasco.

    By Vineet Kulkarni
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    Energy & Utilities

    Factors that Could Drive the Dividend Growth of EIX

    Edison International’s (EIX) dividend payout was 48.0% in 2016. It has projected dividend payouts of 50.0% in 2017 and 57.0% in 2018.

    By Amanda Lawrence
  • uploads///PCG stk
    Company & Industry Overviews

    Is the Worst Yet to Come for PG&E Investors?

    On December 21, 2017, PCG announced that it had suspended its 4Q17 dividend due to uncertainty related to the liabilities associated with the California wildfires.

    By Vineet Kulkarni
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    Company & Industry Overviews

    A Look at NiSource’s Return on Equity

    NiSource’s consolidated ROE currently stands below the industry average because of the legacy goodwill it capitalized during the Columbia Gas acquisition.

    By Vineet Kulkarni
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    Earnings Report

    SRE, EIX, PCG: Analyzing Total Returns from California Utilities

    At $22 billion, Sempra Energy (SRE) underperformed its California peer utilities in total returns in the last year.

    By Vineet Kulkarni
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    Earnings Report

    In Focus: California Utilities’ Valuations after 2Q16 Reports

    Sempra Energy (SRE) is trading at an EV-to-EBITDA multiple of 14.5x on August 4, 2016.

    By Vineet Kulkarni
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    Earnings Report

    Sempra Energy’s Earnings Miss Causes Its Stock to Fall

    California utility Sempra Energy (SRE) released its 2Q16 earnings on August 4, 2016. It reported earnings of $0.79 per share against its earnings of $1.03 per share in 2Q15.

    By Vineet Kulkarni
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    Company & Industry Overviews

    What Does PPL Corporation’s Short Interest Indicate?

    During mid-May 2016, short interest in PPL decreased, likely reflecting a bullish sentiment of investors in the short term.

    By Vineet Kulkarni
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    Earnings Report

    Why PG&E Reported Lower Earnings but Beat Estimates in 1Q16

    PG&E Corporation’s (PCG) earnings in 1Q16 came in at $0.82 per share against its earnings of $0.87 per share in the same quarter last year.

    By Vineet Kulkarni
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    Earnings Report

    EIX Reported Lower 1Q16 Revenue due to Delayed Rate Case Decision

    Edison International (EIX), the smallest of the three Californian utilities by market capitalization, reported its 1Q16 results on May 2, 2016.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Why Did Sempra Energy Underperform Utilities?

    In 1Q16, utilities have gained more than what they lost last year. Utilities have gained more than 12% while Sempra also rallied more than 10% in 2016.

    By Vineet Kulkarni
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    Macroeconomic Analysis

    Electricity Generation Drops Again on Warmer Weather

    Six of the nine census regions in the United States reported an increase in electricity generation during the week ended December 18, 2015.

    By Mike Sonnenberg
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    Company & Industry Overviews

    What Does PG&E’s Segment-Wise Revenue Trend Reveal?

    Pacific Gas and Electric Company is a primary operating subsidiary of PG&E Corporation. It generates revenues through the sale and delivery of electricity.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Overview of NRG Yield: NRG Energy’s Green Yieldco

    Although NYLD accounted for just around 5% of NRG’s gross revenues, it is one of the only two profitable segments of the company—the other being NRG Home Retail.

    By Mike Sonnenberg
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    Miscellaneous

    What Does the Clean Power Plan Mean for Utilities?

    Utilities are somewhat divided when it comes to their reaction to the EPA’s CPP (Clean Power Plan). Utilities are vastly different in their energy mix.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Natural Gas Prices Fall Hard and Coal May Lose

    Natural gas prices in the spot market dropped sharply to $2.61 per million British thermal units (or MMBtu) on September 18 compared to $2.69 per MMBtu on September 11.

    By Mike Sonnenberg
  • uploads///PArt
    Macroeconomic Analysis

    How Did Last Week’s Natural Gas Prices Impact Coal?

    During the short week ended September 11, natural gas spot prices partially recovered from the previous week’s fall.

    By Mike Sonnenberg
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    Earnings Report

    FirstSolar versus SunEdison: For FirstSolar, Cash Is King

    FirstSolar (FSLR) and SunEdison (SUNE) vary greatly in their respective asset composition, just like they do with their business models and cost structures.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    What Do Last Week’s Volatile Natural Gas Prices Mean for Coal?

    Natural gas prices remained volatile during the week ending August 28. On August 24, they fell by ~1% due to the expectation of cooler temperatures, leading to lower demand for natural gas for cooling.

    By Mike Sonnenberg
  • uploads///PArt
    Macroeconomic Analysis

    Utilities Come Out Relatively Unscathed from the Market Mayhem

    Out of the 40 utilities we track, only four gained during the week ended August 14, while the remaining 36 ended in red.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    What Do Volatile Natural Gas Prices Mean for Coal?

    Expectations of warmer weather in Texas and the East Coast, major demand centers for natural gas, drove natural gas prices up to August 12.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Coal Benefits as Natural Gas Prices Rise

    Owing to forecasts of warmer weather in the South and to the lower-than-expected addition to the natural gas inventory, natural gas prices rose during the week ended August 7.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Natural Gas Prices Continue to Fall, Coal under Pressure

    Henry Hub benchmark natural gas prices came in at $2.77 per MMBtu (million British thermal units) on July 31 compared to $2.82 on July 24.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Fall in Natural Gas Prices Keeps Coal under Pressure

    A fall in natural gas prices is negative for coal producers. When natural gas becomes cheaper, utilities prefer burning natural gas over coal, which puts pressure on coal producers.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Coal Benefits from Rise in Natural Gas Prices

    After falling the previous week, natural gas prices rose again during the week ended July 17. When natural gas prices rise, coal gains market share.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Utilities Sector Losers on April 22

    After falling by 0.9% on April 21, the Utilities Select Sector SPDR ETF (XLU) posted marginal gains of 0.2% on Wednesday, April 22.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    33 out of 41 Utilities Dropped during the Week Ending April 17

    Edison International (EIX) was the biggest loser among electrical utilities during the week ending April 17. The stock dropped 4.3% to end the week at $61.07.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Majority of Power Utility Stocks Fall on April 21

    On Tuesday, April 21, 38 out of 41 utility stocks that Market Realist tracks dropped. Utility stocks are highly sensitive to interest rate moves as a result of their capital intensive nature.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Rocky Mountain Division Sees a Large Drop in Electricity Generation

    Out of nine divisions, electricity generation increased in four divisions and decreased in five divisions for the week ending April 10.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Natural Gas Prices Post Overall Gains in Week Ending April 17

    A rise in natural gas prices is positive for coal producers (KOL) including Alpha Natural Resources (ANR) and Arch Coal (ACI).

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Natural Gas Prices Drop in Early April, Putting Pressure on Coal

    Despite lower-than-expected inventory, natural gas prices slid during the week ending April 3. The Henry Hub benchmark price dropped to $2.61 per MMBtu.

    By Mike Sonnenberg
  • uploads///PArt  natgas price
    Macroeconomic Analysis

    April Natural Gas Prices Hit a New Low, Putting Pressure on Coal

    When natural gas prices rise, coal gains market share. It becomes more economical to burn coal for power generation.

    By Mike Sonnenberg
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    Macroeconomic Analysis

    Natural Gas Prices Drop, Put Pressure on Coal

    With higher inventory, natural gas prices slid the week ended March 27. The Henry Hub benchmark price dropped to $2.69 per MMBtu from $2.78 a week earlier.

    By Mike Sonnenberg
  • uploads///Part  natgas price
    Macroeconomic Analysis

    Why A Marginal Rise in Natural Gas Prices Helped Coal

    Natural gas prices and coal’s market share in electricity generation are related. When natural gas prices rise, coal gains market share.

    By Mike Sonnenberg
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    Company & Industry Overviews

    8point3 Energy: First Solar and SunPower Joint Yieldco

    Southern California Edison (EIX), San Diego Gas and Electric (SRE), and PG&E (PCG) will be some of the key customers of 8point3 Energy.

    By Mike Sonnenberg
  • uploads///PArt  Terraform
    Company & Industry Overviews

    TerraForm Power: Where the Wind Meets the Sun

    TerraForm Power offers a good mix of residential solar, utility-scale solar, and wind energy assets.

    By Mike Sonnenberg
  • Energy & Utilities

    Must-know: Exelon’s business segments

    Power generation is Exelon’s most important operating segment. The segment generates 60% of its revenue. Exelon’s power generation business is operated by its subsidiaries.

    By Matt Phillips
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