For the 17th year since 1984, the Dow Jones Utility Average ended the month of January in the red (-1.4 percent). And utilities have dropped further, with the DJUA down slightly less than 5 percent for the first 9 weeks or so of 2021.
The good news: 10 of those years, utilities ended higher. And only in 2008, 2002, 2001 and 1994 were they meaningfully lower.
The results are in for the most expensive wireless spectrum auction in US history. The question for the Big Two is whether their huge outlay will produce the revenue and cash flow to be worth it.
Dominion will be an early beneficiary of Biden Administration energy policies regarding permitting for offshore wind facilities.
Renewable energy stocks were popular well before the recent US elections. Since then they’ve really blasted off, but one group of renewable energy stocks have yet to feel the love.
At first glance, MDU Resources (NYSE:MDU) shows a fairly discouraging investment profile. But there are three very good reasons to expect much better in the next 12 months.
Strong regulated utilities combined with long-term contracted renewable energy generation: That’s the NextEra Energy (NYSE: NEE) business model. And not only does the formula work well, it’s become quite popular with investors.
Exhaustive reviews, impossible public interest standards and no guarantee of eventual success: That’s the consensus outlook for mergers and acquisitions activity under the Biden Administration. Nonetheless, utility M&A is alive and well.
Our advice to heed the lessons of Robinhood.com has already proven timely: Build capital gains on solid business fundamentals, cash out of high-flyers and invest in successful adopters of wind and solar.
When a monthly power bill hits $1,700 plus, people are bound to wonder if there’s a better way to run an electricity market.
Single digit temperatures, record snowfall, millions of utility customers without service, nearly one-third of the state’s power generating capacity shut down and spiking electricity prices: That’s the damage so far from the Great Texas Power Crisis of 2021, which continues wreak havoc across the Lone Star State.
Writing under the famous pen name Mark Twain, Samuel Clemens coined the phrase “history doesn’t repeat itself, but it often rhymes.”
I’m not the first to apply that bit of country wisdom to investing. But it’s always worth revisiting in the aftermath of extraordinary market events.
Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
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Roger's current take and vital statistics on more than 200 essential-services stocks.