Hawaiian Electric Industries Inc
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Why Brokers Are Positive about NextEra Energy after Its 1Q16 Earnings
Of the 23 analysts tracking NextEra, 18 have given it “buy” recommendations, and five have given it “hold” recommendations. None has recommended a “sell.”
NextEra Energy Sees a Bullish Trend
NextEra Energy outperformed utilities last year by posting mildly positive returns. Utilities (XLU) as a sector largely corrected 8% during the year.
April Begins with Only 5 Losers in the Power Utilities Sector
While most power utilities (XLU) gained during the last week, five saw their stock prices drop. ITC Holdings (ITC) lost 2.4% to finish at $36.41.
Why Southern Company trades at a lower valuation to its peers
Forward EV/EBITDA is another way to interpret relative valuation. Southern Company has an EV/EBITDA multiple of 10.8x.
Hawaiian Electric bucks the trend in a weak market
Hawaiian Electric withstood the fall in the markets. It was up 0.6% for the week ending on January 30, 2015. Hawaiian Electric closed the week at $34.30 per share.
The Hawaiian market and why it interests NextEra Energy
The Hawaiian electricity market is one of the most lucrative markets in the US. Currently, one out of ten homes in Hawaii uses a rooftop solar power system.
Deal of the week: Hawaiian Electric to merge with NextEra Energy
On December 3, 2014, NextEra Energy (NEE) announced that it will buy Hawaiian Electric Industries (HE). The deal is worth $4.3 billion. Hawaiian Electric aims to achieve its renewable energy goals by merging with NextEra Energy.
Hawaiian Electric stock soars on news of merger with NextEra
Hawaiian Electric Industries (HE) was the biggest gainer for the week ending December 5, 2014. It surged by 16.3% during the week on news of its merger with NextEra Energy (NEE) and closed the week at $32.78.