The number of major companies, from big-box retailers to high-tech manufacturers, who are producing their own power has grown steadily over the years. Federal statistics show that the number of electricity-generation units at commercial and industrial sites has quadrupled to 40,000 units since 2006. A major factor for the increase in on-site generation has been the falling prices of natural gas and solar panels. Although on-site generation only accounts for less than 5 percent of total electricity production in the U.S. it is still having a negative effect on U.S. utilities’ profits.
American Electric Power Company Inc. (NYSE: AEP) shares traded in the range of $42.92 to $45.11 Wednesday before settling to close at $44.81, an increase of 3.73 percent. The stock appears to be facing some resistance at the $44.90 and $45.74 levels with some support at $44.20. Shares of American Electric have gained approximately 5.0 percent in 2013.
More information on American Electric and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AEP
Duke Energy Corp. (NYSE: DUK) shares traded in the range of $65.83 to $68.64 Wednesday before settling to close at $68.10, an increase of 2.89 percent. The stock appears to be facing some resistance at the $68.21 and $68.77 levels with some support at $67.42. Shares of Duke Energy have gained approximately 6.7 percent in 2013.
More information on Duke Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DUK
FirstEnergy Corp. (NYSE: FE) shares traded in the range of $37.47 to $38.59 Wednesday before settling to close at $38.38, an increase of 1.70 percent. The stock appears to be facing some resistance at the $39.24 and $42.56 levels with some support at $37.63. Shares of FirstEnergy have fallen approximately 8.0 percent in 2013.
More information on FirstEnergy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FE
Pepco Holdings, Inc. (NYSE: POM) shares traded in the range of $18.18 to $18.80 Wednesday before settling to close at $18.80, an increase of 3.07 percent. The stock appears to be facing some resistance at the $18.84 and $19.10 levels with some support at $18.45. Shares of Pepco Holdings have fallen approximately 4.0 percent in 2013.
More information on Pepco Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/POM
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