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FirstEnergy Corp. Message Board

  • dak2004v dak2004v Jan 3, 2012 12:10 PM Flag

    why is this down today?

    must have missed something?

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    • By Murray Coleman
      Shares of utilities ETFs are sliding Tuesday as uncertainty over a federal court EPA ruling and weakness in natural gas markets undermine broad gains made by stocks in other sectors.

      The Environmental Protection Agency must delay implementing rules on interstate air pollution, a U.S. Appeals Court in Washington said today. Although power producers were trying to defeat the regulations, analysts pointed to a new slate of potential winners and losers as a result of the decision. As traders tried to sort through its impact on markets, the Utilities Select Sector SPDR (XLU) was most recently falling by 1.8% on the day.

      Even the latest Institute for Supply Management report — which showed that December manufacturing grew at the fastest pace in six months — didn’t provide much of a bump. In fact, XLU at last glance was the biggest loser on the day among the 10 select sector SPDRs, which carve up the S&P 500 index by major sectors.

      “We don’t see the court delay in imposition of the EPA’s cross-state pollution rule as causing any significant change in the investment outlook within the utility group,” Ticonderoga Securities told clients Tuesday.

      In theory, low-cost hybrid generators like EXC, FE and Public Service Enterprise Group (PEG) could be slightly disadvantaged as coal-fired capacity at the margins gets a reprieve from the court’s ruling, the research report added. Ticonderoga sees potential beneficiaries of the EPA rule’s delay coming from big coal generators such as American Electric Power (AEP) and Xcel Energy(XEL), since they won’t have to implement expensive emissions reduction programs as soon.

      Part of today’s dip could be tied to weakness in natural gas futures as prices remained right around $3.00/MMBtu. Earlier, some contracts had traded even lower, touching September 2009 lows.

      Low gas prices, which drive wholesale electricity prices across much of the U.S., and relatively weak power demand affect power marketers like Exelon (EXC), Constellation Energy (CEG) and FirstEnergy (FE), notes a report by Dow Jones Newswires. EXC was sliding by 3.5%, CEG by 3.8% and FE by 3.5% on Tuesday.

    • By Murray Coleman
      Shares of utilities ETFs are sliding Tuesday as uncertainty over a federal court EPA ruling and weakness in natural gas markets undermine broad gains made by stocks in other sectors.

      The Environmental Protection Agency must delay implementing rules on interstate air pollution, a U.S. Appeals Court in Washington said today. Although power producers were trying to defeat the regulations, analysts pointed to a new slate of potential winners and losers as a result of the decision. As traders tried to sort through its impact on markets, the Utilities Select Sector SPDR (XLU) was most recently falling by 1.8% on the day.

      Even the latest Institute for Supply Management report — which showed that December manufacturing grew at the fastest pace in six months — didn’t provide much of a bump. In fact, XLU at last glance was the biggest loser on the day among the 10 select sector SPDRs, which carve up the S&P 500 index by major sectors.

      “We don’t see the court delay in imposition of the EPA’s cross-state pollution rule as causing any significant change in the investment outlook within the utility group,” Ticonderoga Securities told clients Tuesday.

      In theory, low-cost hybrid generators like EXC, FE and Public Service Enterprise Group (PEG) could be slightly disadvantaged as coal-fired capacity at the margins gets a reprieve from the court’s ruling, the research report added. Ticonderoga sees potential beneficiaries of the EPA rule’s delay coming from big coal generators such as American Electric Power (AEP) and Xcel Energy(XEL), since they won’t have to implement expensive emissions reduction programs as soon.

      Part of today’s dip could be tied to weakness in natural gas futures as prices remained right around $3.00/MMBtu. Earlier, some contracts had traded even lower, touching September 2009 lows.

      Low gas prices, which drive wholesale electricity prices across much of the U.S., and relatively weak power demand affect power marketers like Exelon (EXC), Constellation Energy (CEG) and FirstEnergy (FE), notes a report by Dow Jones Newswires. EXC was sliding by 3.5%, CEG by 3.8% and FE by 3.5% on Tuesday.

    • Maybe people are finally realizing that it is a piece of crap company that doesn't give a crap about customer service.

    • i'm doing DD on FE .. it looks very interesting .. i also
      hold VZ and BMY and it seems like div stocks are all taking
      hits today .. .don't know why ,

      UNLESS ... large investors were biding time to put cap gains
      into 2012 ... they will buy back in in Feb ...

    • ex div date

 
FE
35.89-0.71(-1.94%)Jul 26 4:02 PMEDT