| 12.17.2020 |
CMS
|
Utilities & Power: Regulatory bulletin: CPUC meeting; SRE franchise latest; PCG securitization schedule; CMS rate order
|
Utilities & Power |
N/A |
|
| 12.17.2020 |
SRE
|
SRE: SDG&E confirmed as sole franchise bidder
|
Utilities & Power |
Hold |
|
| 12.17.2020 |
NRG
|
Utilities & Power: ERCOT CDR - Mixed bag
|
Utilities & Power |
N/A |
|
| 12.15.2020 |
ETR
|
ETR: Not so formulaic?
|
Utilities & Power |
Hold |
|
| 12.15.2020 |
PCG
|
PCG: Pushing back on TURN
|
Utilities & Power |
Buy |
|
| 12.13.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Modest relative gains; PCG Zogg Fire latest; CPUC preview; CMS electric case; EXC NJ filing
|
Utilities & Power |
N/A |
|
| 12.09.2020 |
EXC
|
EXC: Selling (distributed) solar
|
Utilities & Power |
Buy |
|
| 12.08.2020 |
PCG
|
PCG: TURN calls for two-year rate freeze
|
Utilities & Power |
Buy |
|
| 12.06.2020 |
CMS
|
Utilities & Power: Utility Spotlight: More relative pain; SRE simplified; PCG gets new rates; PEG heads offshore; CMS baton passed
|
Utilities & Power |
N/A |
|
| 12.03.2020 |
PCG
|
PCG: GRC decision on deck with a revised PD
|
Utilities & Power |
Buy |
|
| 12.01.2020 |
CMS
|
Utilities & Power: Spotlight Chart Book: Value working as utilities ride relative roller-coaster; early look at 2022 Cali CCM
|
Utilities & Power |
N/A |
|
| 11.29.2020 |
CMS
|
Utilities & Power: Utility Spot-Lite: Utilities lag as market gains; CMS leadership meeting; PCG GRC decision on deck
|
Utilities & Power |
N/A |
|
| 11.24.2020 |
PCG
|
PCG: CPUC turns up the heat
|
Utilities & Power |
Buy |
|
| 11.22.2020 |
CMS
|
Utilities & Power: Utility Spotlight: relative gains eroding; peak PMI pressure; PJM auction schedule; other PCG news
|
Utilities & Power |
N/A |
|
| 11.18.2020 |
CMS
|
CMS: After Patti
|
Utilities & Power |
Buy |
|
| 11.18.2020 |
PCG
|
PCG: Right leader, right time
|
Utilities & Power |
Buy |
|
| 11.17.2020 |
SRE
|
SRE: Recalibrating for recent events
|
Utilities & Power |
Hold |
|
| 11.15.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Value joins the party; SRE franchise intrigue; PEG catalyst update; PCG CEMA vote pending
|
Utilities & Power |
N/A |
|
| 11.13.2020 |
DTE
|
DTE: Moving away from sum-of-parts
|
Utilities & Power |
Hold |
|
| 11.08.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Rally interrupted; electric ROEs make new low; PCG responds to Alsup
|
Utilities & Power |
N/A |
|
| 11.05.2020 |
NRG
|
Utilities & Power: Vertical views: DUK, NRG and SRE earnings wrap
|
Utilities & Power |
N/A |
|
| 11.04.2020 |
VST
|
VST: New segments, same value story
|
Utilities & Power |
Buy |
|
| 11.03.2020 |
EXC
|
EXC: Growing apart
|
Utilities & Power |
Buy |
|
| 11.03.2020 |
EXC
|
EXC: Beat and raise first take; separation bug confirmed
|
Utilities & Power |
Buy |
|
| 11.02.2020 |
NEP
|
NEP: Priming the pump
|
Utilities & Power |
Buy |
|
| 11.01.2020 |
CMS
|
Utilities & Power: Utility Spot-Lite: Six straight weeks; PCG safety certification; last orders for EEI
|
Utilities & Power |
N/A |
|
| 11.01.2020 |
PEG
|
PEG: Plenty to talk about; raising PT on SOTP update
|
Utilities & Power |
Hold |
|
| 10.30.2020 |
CMS
|
CMS: De-risking the outlook
|
Utilities & Power |
Buy |
|
| 10.29.2020 |
PCG
|
PCG: Firming up the growth outlook
|
Utilities & Power |
Buy |
|
| 10.28.2020 |
ETR
|
ETR: Bracing for Zeta
|
Utilities & Power |
Hold |
|
| 10.27.2020 |
EIX
|
EIX: No news is good news
|
Utilities & Power |
Buy |
|
| 10.27.2020 |
DTE
|
DTE: Pivot confirmed
|
Utilities & Power |
Hold |
|
| 10.26.2020 |
EIX
|
Utilities & Power: Cali Wildfire Bulletin: EIX files on fast-moving Silverado Fire; PCG responds on Zogg
|
Utilities & Power |
Buy |
|
| 10.25.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Back in the black YTD and 24M P/E parity; CMS and PCG get rate case PDs
|
Utilities & Power |
N/A |
|
| 10.23.2020 |
PCG
|
PCG: Quick takes on GRC Proposed Decision
|
Utilities & Power |
Buy |
|
| 10.23.2020 |
CMS
|
Utilities & Power: EEI Financial Conference 2020: Updated List
|
Utilities & Power |
N/A |
|
| 10.22.2020 |
NEE
|
NEE: Two steps forward, one step back
|
Utilities & Power |
Hold |
|
| 10.21.2020 |
NEP
|
NEP: Growth outlook intact despite 3Q headwind
|
Utilities & Power |
Buy |
|
| 10.20.2020 |
PCG
|
PCG: Room for improvement
|
Utilities & Power |
Buy |
|
| 10.18.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Value names start to stir; PCG settles FERC ROE while CPUC calls RDM on interim rates
|
Utilities & Power |
N/A |
|
| 10.16.2020 |
NEP
|
NEP: Upgrading to Buy and raising PT; renewables growth engine with best-in-class sponsor
|
Utilities & Power |
Buy |
|
| 10.16.2020 |
CMS
|
Utilities & Power: 3Q preview and mark; election and M&A/strategy in focus; upgrading NEP to Buy; reshuffling top picks
|
Utilities & Power |
N/A |
|
| 10.13.2020 |
EIX
|
EIX: SCE files Bobcat Fire update; cause still under investigation but potential exposure seems limited
|
Utilities & Power |
Buy |
|
| 10.12.2020 |
EXC
|
EXC: Catching the separation bug?
|
Utilities & Power |
Buy |
|
| 10.11.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Rally builds up steam; PG&E files Zogg Fire EIR; DUK raises its ESG game ... we raise our PT
|
Utilities & Power |
N/A |
|
| 10.09.2020 |
CMS
|
Utilities & Power: EEI Financial Conference 2020: Updated List
|
Utilities & Power |
N/A |
|
| 10.08.2020 |
DTE
|
DTE: Contemplating a pivot?
|
Utilities & Power |
Hold |
|
| 10.04.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Relative gains continue; PCG wildfire expense filing; PEG looking for Round 2 of ZECs
|
Utilities & Power |
N/A |
|
| 10.01.2020 |
CMS
|
Utilities & Power: Spotlight Chart Book: NEE-DUK valuation spread; hydrogen talk ramping up; California CCM redux
|
Utilities & Power |
N/A |
|
| 09.30.2020 |
DUK
|
Utilities & Power: Mega-deal in the making?
|
Utilities & Power |
N/A |
|
| 09.29.2020 |
CMS
|
Utilities & Power: EEI Financial Conference 2020: Meeting List
|
Utilities & Power |
N/A |
|
| 09.29.2020 |
VST
|
VST: Not going away; VST lays out transition plans
|
Utilities & Power |
Buy |
|
| 09.27.2020 |
CMS
|
Utilities & Power: Utility Spotlight: Winning week; EIX WEMA approved; PCG lock-ups expiring; what to expect from VST
|
Utilities & Power |
N/A |
|
| 09.25.2020 |
ETR
|
ETR: Playing up the transition narrative
|
Utilities & Power |
Hold |
|
| 09.24.2020 |
ETR
|
ETR: First take: Growth update largely as expected ... but with higher bill inflation and equity needs
|
Utilities & Power |
Hold |
|
| 09.23.2020 |
EIX
|
EIX: Bring on the best estimate
|
Utilities & Power |
Buy |
|
| 09.22.2020 |
EIX
|
Utilities & Power: CPUC meeting preview; EIX and SRE items on deck;PD issued for PCG interim rates
|
Utilities & Power |
N/A |
|
| 09.20.2020 |
CMS
|
Utilities & Power: Utility Spotlight: September gains; BP bets big on clean integration; thoughts on NEE equity units
|
Utilities & Power |
N/A |
|
| 09.16.2020 |
CMS
|
Utilities & Power: Day trip to Lansing, 2020-style
|
Utilities & Power |
N/A |
|
| 09.15.2020 |
NEE
|
NEE: Raising the bar on renewables strength
|
Utilities & Power |
Hold |
|
| 09.07.2020 |
VST
|
VST: Catching up with Curt; virtual meeting notes
|
Utilities & Power |
Buy |
|
| 09.01.2020 |
CMS
|
Utilities & Power: Spotlight Chart Book: Fed shift steps up inflation headwinds; CA CCM update; new quarterly heat map
|
Utilities & Power |
N/A |
|
| 08.27.2020 |
EXC
|
EXC: Status quo off the table
|
Utilities & Power |
Buy |
|
| 08.26.2020 |
EIX
|
EIX: Charge Ready PD ... Take 2
|
Utilities & Power |
Buy |
|
| 08.26.2020 |
EIX
|
EIX: CPUC meeting preview; two SCE projects on deck
|
Utilities & Power |
Buy |
|
| 08.20.2020 |
CMS
|
CMS: Gas settlement holds ROE steady, defers next filing
|
Utilities & Power |
Buy |
|
| 08.10.2020 |
DUK
|
DUK: Rebasing for ACP; holding the line on equity
|
Utilities & Power |
Buy |
|
| 08.08.2020 |
PCG
|
PCG: Probation conditions adopted
|
Utilities & Power |
Buy |
|
| 08.07.2020 |
NRG
|
NRG: Factoring in Direct
|
Utilities & Power |
Buy |
|
| 08.06.2020 |
SRE
|
SRE: Buyback surprise defuses lack of 2021 raise
|
Utilities & Power |
Hold |
|
| 08.05.2020 |
VST
|
VST: Delivering on resiliency; September update in focus
|
Utilities & Power |
Buy |
|
| 08.04.2020 |
EXC
|
EXC: Cost savings accelerated
|
Utilities & Power |
Buy |
|
| 08.03.2020 |
CMS
|
CMS: Back on track
|
Utilities & Power |
Buy |
|
| 08.02.2020 |
PEG
|
PEG: Strategic wind shift
|
Utilities & Power |
Hold |
|
| 07.31.2020 |
PEG
|
PEG: Fossil assets on the block
|
Utilities & Power |
Hold |
|
| 07.30.2020 |
PCG
|
PCG: Getting back on track
|
Utilities & Power |
Buy |
|
| 07.30.2020 |
PCG
|
PCG: First impressions; outlook largely as expected
|
Utilities & Power |
Buy |
|
| 07.29.2020 |
ETR
|
ETR: Much cleaner quarter
|
Utilities & Power |
Hold |
|
| 07.28.2020 |
EIX
|
EIX: Timing tempers 2Q; FY outlook firmed up
|
Utilities & Power |
Buy |
|
| 07.28.2020 |
DTE
|
DTE: Executing well as sales headwinds fade
|
Utilities & Power |
Hold |
|
| 07.26.2020 |
NEE
|
NEE: Calling time on our Sell rating
|
Utilities & Power |
Hold |
|
| 07.26.2020 |
NEP
|
NEP: Delivering on yield and growth
|
Utilities & Power |
Hold |
|
| 07.24.2020 |
NRG
|
NRG: Going Direct
|
Utilities & Power |
Buy |
|
| 07.23.2020 |
EIX
|
Utilities & Power: Chart of the Day - California CCM revisited
|
Utilities & Power |
Buy |
|
| 07.19.2020 |
CMS
|
Utilities & Power: 2Q preview and mark; weather to help mitigate COVID pressures; headroom a growing concern
|
Utilities & Power |
N/A |
|
| 07.17.2020 |
EXC
|
EXC: Cleaning up an Illinois overhang
|
Utilities & Power |
Buy |
|
| 07.17.2020 |
PCG
|
PCG: CAL FIRE pins Kincade on PG&E lines; AB 1054 cost recovery and wildfire fund mechanics revisited
|
Utilities & Power |
Buy |
|
| 07.06.2020 |
DUK
|
DUK: Recalibrating for ACP; reiterating Buy
|
Utilities & Power |
Buy |
|
| 07.01.2020 |
CMS
|
Utilities & Power: Spotlight Chart Book: Inflation headwinds; relative P/E through a longer lens; record yield spreads
|
Utilities & Power |
N/A |
|
| 06.26.2020 |
PCG
|
PCG: Final pieces of the exit puzzle
|
Utilities & Power |
Buy |
|
| 06.24.2020 |
PCG
|
PCG: Come on down; initiating Buy with $14 PT
|
Utilities & Power |
Buy |
|
| 06.15.2020 |
CMS
|
CMS: On the road with Rejji
|
Utilities & Power |
Buy |
|
| 06.12.2020 |
VST
|
EE/MI, E&I, Utilities & Power: Utility T&D Panel Discussion with ETN, FE and PWR
|
Utilities & Power |
N/A |
|
| 06.11.2020 |
PEG
|
PEG: BPU advances efficiency framework
|
Utilities & Power |
Hold |
|
| 06.11.2020 |
NRG
|
NRG: Catching up with Kirk
|
Utilities & Power |
Buy |
|
| 06.09.2020 |
PEG
|
PEG: Virtual meeting notes; utility target raised
|
Utilities & Power |
Hold |
|
| 06.05.2020 |
CMS
|
Utilities & Power: Chart of the Day - Demand recovery gaining momentum
|
Utilities & Power |
Buy |
|
| 06.01.2020 |
CMS
|
Utilities & Power: Spotlight Chart Book: Green Shoots
|
Utilities & Power |
N/A |
|
| 05.29.2020 |
NRG
|
NRG: New segments showcase integrated model
|
Utilities & Power |
Buy |
|
| 05.22.2020 |
SRE
|
SRE: Mexico rule change presents new wrinkle
|
Utilities & Power |
Hold |
|
