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.
Exelon Corporation (NYSE: EXC) shares traded in the range of $30.07 to $31.19 Wednesday before settling to close at $31.02, an increase of 2.24 percent. The stock appears to be facing some resistance at the $31.37 and $32.31 levels with some support at $30.68. Shares of Exelon have fallen approximately 4.3 percent in 2013.
More information on Exelon and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EXC
NextEra Energy, Inc. (NYSE: NEE) shares traded in the range of $78.81 to $82.88 Wednesday before settling to close at $82.55, an increase of 4.49 percent. The stock appears to be facing some resistance at the $83.28 and $84.09 levels with some support at $81.85. Shares of NextEra Energy have gained approximately 19.0 percent in 2013.
More information on NextEra Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NEE
The Southern Company (NYSE: SO) shares traded in the range of $41.00 to $42.96 Wednesday before settling to close at $42.63, an increase of 3.60 percent. The stock appears to be facing some resistance at the $43.16 and $43.75 levels with some support at $42.61 and $41.59.
More information on The Southern Company and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SO
Xcel Energy Inc. (NYSE: XEL) shares traded in the range of $26.90 to $28.11 Wednesday before settling to close at $27.94, an increase of 3.10 percent. The stock appears to be facing some resistance at the $28.06 and $28.37 levels with some support at $27.51. Shares of Xcel Energy have gained approximately 4.6 percent in 2013.
More information on Xcel Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XEL
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