Major Solar Energy Project to Provide Power for US Airways Center in 2009

Also Applies to Other Personal Renewable Systems

Company Issues Request for Proposal (RFP)

Prior-Year Tax Credits and Real Estate Sale Drive Second-Quarter Results

Investors have been raising their sights for where these stocks will land.

SUGAR LAND--August 25, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Arizona is currently the only state in the Rocky Mountain area to have any nuclear power generation. The Palo Verde Nuclear Power Station (Tonopah, Arizona) is owned by a consortium of utilities, including Arizona Public Service Company, a subsidiary of Pinnacle West Capital Corporation (NYSE:PNW) (Phoenix, Arizona); El Paso Electric Company (NASDAQ:EE) (El Paso, Texas); PNM Resources Incorporated (NYSE:PNM) (Albuquerque, New Mexico) and Southern California Edison Company, a subsidiary of Edison International Incorporated (NYSE:EIX) (Rosemead, California). There are currently five new nuclear units in the region planned for operation 2016 or later. Also mentioned: Alternate Energy Holdings Incorporated (OTC:AEHI)

Pinnacle West Capital Corp. (PNW)

Q2 FY08 Earnings Call

Complete Story »

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=3859491 for the full story.

SUGAR LAND--July 15, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Arizona Public Service Company (APS), a subsidiary of Pinnacle West Capital Corporation ( NYSE:PNW) (Phoenix, Arizona), has commenced full commercial operation of its expansion project at the Yucca Power Station in Yuma, Arizona. The project consisted of installing two 48-megawatt GE ( NYSE:GE) Power Systems LM6000PC SPRINT combustion turbines to the existing facility. The Wood Group (LSE:WG) (Aberdeen, UK), whose U.S. headquarters are in Houston, Texas, provided the turnkey engineering, procurement and construction services for the project.

With the stock market uncertainty, more and more investors are turning to utility stocks. Last week, I wrote about the highest yielding natural gas utilities stocks. The database of all electric utilities was recently updated by WallStreetNewsNetwork.com. Here are some of the highest yielding electric utility stocks.

One of the two highest yielding electric utilities is Pinnacle West Capital Corp. (PNW), the southwestern utility, has a yield of 6.7%. This Phoenix, Arizona based company generates its electricity from coal, natural gas, oil, nuclear, and solar power. The stock has a PE of 12 and a PEG of 3.75.

The other high yielder is Empire District Electric Co. (EDE) is based in Joplin, Missouri and yields 6.7%. They serve Missouri, Kansas, Oklahoma, and Arkansas. 43% of their electrical generation comes from coal, and 26% from oil. The stock has a PE of 20 and a PEG of 2.57.

Another high yield stock is Great Plains Energy Inc. (GXP), the Kansas City Missouri based utility which yields 6.6%. Their electrical generation comes from coal, nuclear, natural gas, oil, and wind power. They serve western Missouri and eastern Kansas. The stock has a PE of 14 and a PEG of 2.7.

Consolidated Edison Inc. (ED) yields 6% and serves parts of New York, New Jersey Pennsylvania. The stock has a PE of 12 and a PEG of 3.94.

Ameren Corporation (AEE) is a utility that serves Missouri and Illinois. The stock has a PE of 14, a PEG of 3.25, and a 6.2% yield.

Another high yielding utility is Progress Energy Inc. (PGN), which yields slightly less than 5.9%. This Raleigh, North Carolina utility serves North Carolina, South Carolina, and parts of Florida. 30% of their electrical generation comes from coal, and 35% from oil. The stock has a PE of 21 and a PEG of 2.28.

You can download an Excel spreadsheet of all the electric utilities and their dividends, which you can sort, add to, and change, at WallStreetNewsNetwork.com.

Author does not own any of the above.

By Fred Fuld at Stockerblog.com

People with the matter said that Ken Wilson, Goldman Sachs Group’s (GS) most senior financial-institutions broker, will temporarily exit the firm, the Wall Street Journal reported, in an effort to advise Treasury Secretary Henry Paulson on how to resolve [More...]

UPGRADES
Hub Group HUBG Stifel Nicolaus Hold » Buy
Equinix EQIX Kaufman Bros Hold » Buy
Equinix EQIX CIBC Wrld Mkts Sector Perform » Sector Outperform
LECG Corp XPRT William Blair Underperform » Mkt Perform
Tenneco TEN Wachovia Mkt Perform » Outperform
Novavax NVAX Oppenheimer Neutral » Buy
Energizer ENR Bear Stearns Underperform » Peer Perform
Ritchie Bros. RBA RBC Capital Mkts Sector Perform » Outperform
Franklin Bank Corp FBTX JP Morgan Underweight » Neutral
Sunpower SPWR RBC Capital Mkts Sector Perform » Outperform
McKesson MCK Citigroup Hold » Buy
TAM S.A. TAM Citigroup Hold » Buy
Teva Pharm TEVA Friedman Billings Mkt Perform » Outperform
Post Properties PPS KeyBanc Capital Mkts Underweight » Hold

DOWNGRADES
Lexicon Pharma LXRX RBC Capital Mkts Outperform » Sector Perform
Maxwell Tech MXWL Needham & Co Buy » Hold
AMEDISYS AMED Stifel Nicolaus Buy » Hold
Yamana Gold AUY UBS Buy » Neutral
Pinnacle West PNW JP Morgan Neutral » Underweight
Pacer Intl PACR KeyBanc Capital Mkts Buy » Hold
Blue Coat BCSI Roth Capital Buy » Hold
Estee Lauder EL UBS Neutral » Sell
LCA Vision LCAV Oppenheimer Buy » Neutral
SumTotal SUMT JMP Securities Strong Buy » Mkt Outperform
Maxwell Tech MXWL JMP Securities Mkt Perform » Mkt Underperform
Shutterfly SFLY Jefferies & Co Buy » Hold
LodgeNet LNET Bear Stearns Outperform » Peer Perform
CF Industries CF Banc of America Sec Buy » Neutral
GPC Biotech GPCB Deutsche Securities Hold » Sell
Qwest Q JP Morgan Overweight » Neutral
Beckman Coulter BEC RBC Capital Mkts Outperform » Sector Perform
LDK Solar LDK Piper Jaffray Outperform » Market Perform
Vital Images VTAL CIBC Wrld Mkts Sector Outperform » Sector Perform
Qwest Q CIBC Wrld Mkts Sector Outperform » Sector Perform
Las Vegas Sands LVS Lehman Brothers Overweight » Equal-weight
Pacer Intl PACR JP Morgan Overweight » Neutral
Akamai Tech AKAM Deutsche Securities Buy » Hold
Bemis BMS Deutsche Securities Buy » Hold

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Filed under: Getting started, Hilary On Stocks, Stocks to Buy

For the past several days, I've been giving tips about how to predict trends and ride them to profits. My last tip is that sometimes you can make money by taking a clear trend -- and then ignoring it and investing in a less trendy stock, or even a stock that seems to be losing out because of that same trend.

Before you throw up your hands in frustration, hear me out. For just one example, take Pinnacle West (NYSE: PNW). This Arizona company has two divisions: real estate development and an electric utility. Not surprisingly, the stock has really sunk since the spring as investors started fleeing with the intensifying real estate woes; back in April PNW was trading just above $50, and in early August it was down around $37.

Most trend followers would sell this stock too -- who wants to be involved with any real estate development company? As I see it, however, the company has been excessively punished for its real estate division, and it's currently undervalued when one considers its electricity division. Arizona is a hot place with a growing population, and there's only going to be increasing demand for electrical power to cool the homes and offices of all these people. The company may not return to its previous profit levels, but I think investors have overreacted, and we could see this gain several dollars back. When you add some modest growth to a 5.3% dividend, you could find yourself with a nice little profit.

Type of stock: An Arizona company dealing in real estate and electricity.

Price target: If you can get this below $40, I think you'll see it get up to around $45 over the next year. That's a ten percent gain right there, plus a dividend to make it nearly a 15% gain. Plus if you hold long enough, real estate has to come back sometime. That could be at least a few years though, so you'll need to be patient.

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Filed under: Getting started, Hilary On Stocks, Stocks to Buy

For the past several days, I've been giving tips about how to predict trends and ride them to profits. My last tip is that sometimes you can make money by taking a clear trend -- and then ignoring it and investing in a less trendy stock, or even a stock that seems to be losing out because of that same trend.

Before you throw up your hands in frustration, hear me out. For just one example, take Pinnacle West (NYSE: PNW). This Arizona company has two divisions: real estate development and an electric utility. Not surprisingly, the stock has really sunk since the spring as investors started fleeing with the intensifying real estate woes; back in April PNW was trading just above $50, and in early August it was down around $37.

Most trend followers would sell this stock too -- who wants to be involved with any real estate development company? As I see it, however, the company has been excessively punished for its real estate division, and it's currently undervalued when one considers its electricity division. Arizona is a hot place with a growing population, and there's only going to be increasing demand for electrical power to cool the homes and offices of all these people. The company may not return to its previous profit levels, but I think investors have overreacted, and we could see this gain several dollars back. When you add some modest growth to a 5.3% dividend, you could find yourself with a nice little profit.

Type of stock: An Arizona company dealing in real estate and electricity.

Price target: If you can get this below $40, I think you'll see it get up to around $45 over the next year. That's a ten percent gain right there, plus a dividend to make it nearly a 15% gain. Plus if you hold long enough, real estate has to come back sometime. That could be at least a few years though, so you'll need to be patient.

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Companies featured in this segment: BP (NYSE:BP), Husky Energy Incorporated (TSX:HSE), Pinnacle West Capital Corporation (NYSE:PNW), El Paso Electric Company (NASDAQ:EE), PNM Resources Incorporated (NYSE:PNM), Edison International Incorporated (NYSE:EIX), Alternate Energy Holdings Incorporated (OTC:AEHI), Russian company Lukoil (OTC:LUKOY), BHP Billiton (NYSE:BHP), Rio Tinto plc (NYSE:RTP), Mitsubishi Corporation (OTC:MSBHY)

Companies featured in this segment: Burlington Northern Santa Fe Railway (NYSE:BNI), Union Pacific Railroad (NYSE:UNP), Pinnacle West Capital Corporation (NYSE:PNW), GE (NYSE:GE), The Wood Group (LSE:WG), Dow Chemical Company (NYSE:DOW), Rohm and Haas Company (NYSE:ROH), Fluor Corporation (NYSE:FLR), Invensys plc (LON:ISYS), Mining Limited (ASX:RIV), Tata Steel (BOM:500470), Vale (NYSE:RIO), Rateau-Alstom (EPA:ALO), E.ON (OTC:EONGY), Shaw Group Incorporated (NYSE:SGR), Sinopec Shanghai Petrochemical Company (NYSE:SHI), China Petroleum & Chemical Corporation (NYSE:SNP)

Market Close Live for Monday 10/2/06 Kick off the week with a 15-minute radio show Matt McCall of "Market Close Live" as he looks ahead at the week and breaks down the markets. The 3rd Quarter is in the books -- Why should we be worried about October? Why was today's action tough to follow? Learn which 5 SECTORS and SPECIFIC STOCKS can help you play Defense during a potential pullback in October! Listen to the weekly kickoff to find out what Matt has to say about those questions and more.