Recent Developments at Electric Utilities Companies: Special Research on Nextera, Huaneng Power, IDACORP, Korea Electric Power, and ITC Holdings
NEW YORK, March 13, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Nextera (NYSE: NEP), Huaneng Power (NYSE: HNP), IDACORP (NYSE: IDA), Korea Electric Power (NYSE: KEP), and ITC Holdings (NYSE: ITC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
NEP Research Report: ( http://get.analystsreview.com/pdf/?c=Nextera&d=13-Mar-2015&s=NEP ),
HNP Research Report: ( http://get.analystsreview.com/pdf/?c=Huaneng%20Power&d=13-Mar-2015&s=HNP ),
IDA Research Report: ( http://get.analystsreview.com/pdf/?c=IDACORP&d=13-Mar-2015&s=IDA ),
KEP Research Report: ( http://get.analystsreview.com/pdf/?c=Korea%20Electric%20Power&d=13-Mar-2015&s=KEP ),
ITC Research Report: ( http://get.analystsreview.com/pdf/?c=ITC%20Holdings&d=13-Mar-2015&s=ITC ).
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Analyst Update: Recognitions, Preliminary Operational Statistics, Quarterly Results, and Corporate Reorganization
Reviewed by: Rohit Tuli, CFA®
U.S. stocks rose in a broad rally on Thursday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar's recent rally and tempered the outlook for interest rates. The Dow Jones industrial average rose 259.83 points, or 1.47%, to 17,895.22, while the S&P 500 gained 25.71 points, or 1.26%, to 2,065.95. The day's percentage gains were the biggest for both the Dow and S&P 500 in almost a month. The Nasdaq Composite added 43.35 points, or 0.89%, to close the session at 4,893.29. European equities closed flat on Thursday, as investors reacted to earnings and banking news and considered the implications of the European Central Bank's (ECB) newly launched quantitative easing (QE) program. In Asia, shares rose on Thursday as an unexpected rate cut in South Korea and better-than-expected jobs data from Australia helped to offset a lackluster lead from Wall Street overnight.
NextEra Energy, Inc. (NextEra Energy), in which Nextera Energy Partners LP (Nextera) has limited partner interest, was named to Fortune's 2015 list of the "World's Most Admired Companies". NextEra Energy was ranked among the top 10 companies in the world in the categories of innovativeness and community responsibility, a first for the Company.
Huaneng Power International, Inc. (Huaneng Power) has released its preliminary statistics of power generation for 2014. Total power generation of its power plants within China on consolidated basis amounted to 294.39 billion kWh, representing a 7.27% YoY decline; while total electricity sold by the Company's power plants within China declined 7.49% YoY to 277.54 billion kWh.
IDACORP, Inc. (IDACORP) posted a stronger bottom line for the fourth quarter and the full year of 2014. The Company's net income stood at $34.6 million, or $0.69 per diluted share, compared with $27.6 million, or $0.55 per diluted share, in Q4 2013. For 2014, net income increased to 193.5 million, or $3.85 per diluted share, from $182.4 million, or $3.64 per diluted share in 2013. The Company also initiated its guidance for 2015.
Korea Electric Power Corporation's (Korea Electric Power) Board of Directors resolved to pay dividend of KRW 500 per share for the fiscal year 2014 to the Company's shareholders of record as on December 31, 2014, subject to approval at its shareholder's annual general meeting, scheduled to be held on March 31, 2015. The Company also posted operational results for Q4 2014 and full-year 2014, prepared in accordance with Korean International Financial Reporting Standards (K-IFRS).
ITC Holdings Corp. (ITC) has announced an internal reorganization and executive changes to position the Company for continued operational excellence, growth and success. According to ITC, these changes build on the strong foundation of operational excellence established by the Company for its core operating companies and strong growth through its grid development efforts.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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