6 Electric Utilities Stocks to Buy Now

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This week, 6 Electric Utilities stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”).

The rating of IDACORP, Inc. (IDA) moves up this week, rising from a B to a A. IDACORP, Inc. engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. For more information, get Portfolio Grader’s complete analysis of IDA stock.

Cleco Corporation (CNL) shows solid improvement this week. The company’s rating rises from a C to a B. Cleco Corporation is involved in electric utility services as well as the ownership and operation of a merchant generation station. For more information, get Portfolio Grader’s complete analysis of CNL stock.

This week, MGE Energy, Inc. (MGEE) pushes up from a B to a A rating. MGE Energy, Inc. generates and distributes electricity to customers in Dane County, Wisconsin. For more information, get Portfolio Grader’s complete analysis of MGEE stock.

This is a strong week for Westar Energy, Inc. (WR). The company’s rating climbs to A from the previous week’s B. Westar Energy, Inc. is an electric utility that produces, transmits and sells electricity. For more information, get Portfolio Grader’s complete analysis of WR stock.

PNM Resources, Inc. (PNM) earns a A this week, jumping up from last week’s grade of B. PNM Resources, Inc. primarily engages in the generation, transmission, and distribution of electricity in the United States. For more information, get Portfolio Grader’s complete analysis of PNM stock.

Genie Energy Ltd. Class B (GNE) boosts its rating from a B to a A this week. Genie Energy Ltd. Class B provides oil and gas energy services. The company also gets A’s in earnings momentum. For more information, get Portfolio Grader’s complete analysis of GNE stock.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.


Article printed from InvestorPlace Media, https://investorplace.com/2016/02/6-electric-utilities-stocks-to-buy-now/.

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