Posts for Ticker ‘LNT’

Top Pre-Market Analyst Downgrades (LNT, CNP, ESLR, FORR, IFF, LTM, LQDT, NTRS, OPXT, REG)

Burning_money_picThese are the top analyst downgrades and negative research calls we have seen on Wall Street this Friday with more than two hours until the market opens:

  • Alliant Energy (LNT) Cut to Neutral at Baird.
  • CenterPoint (CNP) Cut to Hold at Jefferies.
  • Evergreen Solar (ESLR) Cut to Neutral at Piper Jaffray.
  • Forrester Research (FORR) Cut to Market Perform at William Blair.
  • International Flavors (IFF) Cut to Underweight at KeyBanc.
  • Life Time Fitness (LTM) Cut to Market Perform at Morgan Keegan.
  • Liquidity Services (LQDT) Cut to Perform at Oppenheimer.
  • Northern Trust (NTRS) Cut to Market Perform at KBW.
  • Opnext (OPXT) Cut to Perform at Oppenheimer.
  • Regency Centers (REG) Cut to Neutral at JPMorgan.

Jon C. Ogg
February 6, 2009

Posted on: February 6, 2009 – 7:24 am in Analyst Calls, , , , , , , , , ,

Electric Utilities Need More Bad Weather (LNT, DUK)

Power_lines_picToo cool in summer, too warm in winter add up to lower profits for electric utilities. That’s the story today from both Alliant Energy Corp. (NYSE:LNT) and Duke Energy Corp. (NYSE:DUK).

Alliant reported full-year EPS of $2.61, down from EPS of $3.78 in 2007, but $0.02 better than analysts’ estimates. Full-year revenue of $3.68 billion also beat estimates of $3.59 billion. The fourth quarter was less upbeat, though, with EPS from continuing operations of $0.46, down from $1.80 in the same period a year ago.

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Posted on: February 5, 2009 – 10:25 am in Earnings, Utilities, ,

Electric Utilities Make News on Expectations, Merger Plans (LNT, EXC, NRG)

Alliant Energy Corp. (NYSE:LNT) this morning released financial guidance for 2009. The company also noted that it has reached an agreement with the state of Wisconsin on a rate case settlement that will keep natural gas prices to consumers flat, resulting in revenue decrease of about $4 million. Alliant apparently decided that trying to raise consumer rates now was a loser.

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Posted on: December 18, 2008 – 1:51 pm in Mergers and Buy Outs, Utilities, , ,