Wunderlich Securities Initiates Coverage on NV Energy (NVE) with a Buy
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Wunderlich Securities initiates coverage on NV Energy (NYSE: NVE) with a Buy. Price target $13.
Wunderlich analyst says, "Based on our financial forecast, the company has more than double the industry-average earnings growth. NVE also has exposure to high voltage transmission expansion and renewable resource development, as well as ongoing generation expansion. These investments will drive the earnings and cash flow growth. The company has a well-regarded management team and the stock has an attractive valuation, in our opinion, while fitting well within our industry thesis...We expect 12% annual earnings growth over the next two years as recent capital additions are reflected in customer rates, through the pending rate case."
To see more analyst ratings on NVE Click Here.
NV Energy, Inc., through its subsidiaries, engages in the generation, transmission, and distribution of electric energy in southern Nevada.
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