FirstEnergy (NYSE: FE ) announced today that it plans to retire two coal-fired Pennsylvania power plants by the end of October.
A combination of low electricity prices and high costs to meet environmental regulations has pushed the utility to action, shuttering the equivalent of 2,080 MW at the two plants, representing around 10% of FirstEnergy's total generation capacity. According to the company's press release, these two plants would have required around $280 million in environmental compliance costs, or around 30% of FirstEnergy's total estimated spending to comply with the Environmental Protection Agency's Mercury and Air Toxics Standards.
About 380 plant employees and generation-related positions are expected to be affected. The company announced the deactivation of nine plants last year.
Hot High Tech Stocks To Invest In 2014: Pacific Ore Ltd (PSF.AX)
Pacific Ore Limited engages in the identification, acquisition, exploration, and development of resource projects. The company is based in Perth, Australia.
Hot High Tech Stocks To Invest In 2014: Target Corporation(TGT)
Target Corporation operates general merchandise stores in the United States. The company offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; hardlines comprising music, movies, books, computer software, sporting goods, and toys, as well as electronics that comprise video game hardware and software; apparel and accessories consisting of apparel for women, men, boys, girls, toddlers, infants, and newborns; and intimate apparel, jewelry, accessories, and shoes. It also provides food and pet supplies, including dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and d�or, such as furniture, lighting, kitchenware, small appliances, home d�or, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, which include patio furniture and holiday d�or. The company sells its merchandise products under private-labe l and exclusive licensed brands. In addition, it provides in-store amenities. As of January 28, 2012, Target Corporation operated 1,763 stores in 49 states and the District of Columbia under Target and SuperTarget names. Further, it offers general merchandise through its Website, Target.com. The company distributes its merchandise through a network of distribution centers, as well as third parties and direct shipping from vendors. Additionally, it offers credit to guests through its branded proprietary credit cards, the Target Visa Credit Card and the Target Credit Card, as well as through its branded proprietary Target Debit Card. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By Robert Holmes]
Analyst Mark Wiltamuth pins his "overweight" rating for Target on the retailer's plans to move into Canada and a focus on the company's core U.S. business.
"We see a significant middle market opportunity in Target's entry into Canada and a retailer that can drive stable growth in the U.S.," Wiltamuth writes. "With TGT's valuation near a 15-year low, we see valuation recovery once investors look forward to the 16-20% EPS growth and rising free cash flow in 2013 and beyond."
A return of 20% based on Wiltamuth's price target would make any investor happy, but Wiltamuth's most bullish scenario has Target shares up a huge 42% next year if all things align perfectly. His most bearish prediction, on the other hand, would likely mean a 25% slump for the stock over the next 12 months.
Best Stocks To Watch Right Now: Brookline Bancorp Inc.(BRKL)
Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, and The First National Bank of Ipswich, which provide commercial and retail banking services, and cash management and investment services to customers in Central New England. The company accepts various deposit products, including non-interest-bearing checking accounts, interest-bearing NOW accounts, savings accounts and money market savings accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. Its loan portfolio comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; auto loans; loans to business entities consisting of commercial lines of credit; and loans to condominium associations, as well as loans for financing equipment used by small businesses. Brookline Bancorp, Inc. also provides financing for construction and development projects, home equity, and other consumer l oans; and loans to finance coin-operated laundry, dry cleaning, and convenience store equipment and businesses. As of January 25, 2012, it operated 43 branches in Massachusetts and Rhode Island. The company was founded in 1871 and is headquartered in Brookline, Massachusetts.
Hot High Tech Stocks To Invest In 2014: CNOOC Limited(CEO)
CNOOC Limited, through its subsidiaries, engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products. The company?s oil and natural gas properties are located in offshore China, which include Bohai Bay, western south China Sea, eastern south China Sea, and east China Sea, as well as in Indonesia, Iraq, and other regions in Asia; and Oceania, Africa, North America, and South America. As of December 31, 2010, the company had net proved reserves of approximately 2.99 billion barrels-of-oil equivalent, including approximately 1.92 billion barrels of crude oil and 6,458.3 billion cubic feet of natural gas. It also provides bond issuance services; and has a joint venture with Bridas Energy Holdings. CNOOC Limited was founded in 1982. The company is headquartered in Central, Hong Kong, and is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. CNOOC Limited is a subsidiary of China National Of fshore Oil Corporation.
Advisors' Opinion:- [By Robert Hsu]
Through all of 2010’s ups and downs in the global markets, China stood out as a major player on the world stage. In fact, right now China’s economic growth is matched by no other major economy in the world, and the wealth potential there is life-changing.
That’s why my top stock pick is China National Offshore Oil Company (NYSE: CEO) — China’s offshore exploration and production energy giant and the most dynamic of China’s Big Three state-owned energy giants.
- [By Dave Friedman]
Institutional investors bought 1,474,410 shares and sold 1,532,340 shares, for a net of -57,930 shares. This net represents 0.00% of common shares outstanding. The number of shares outstanding is 44,669,199,980. The shares recently traded at $187.66 and the company’s market capitalization is $82,478,290,357.81. About the company: CNOOC Limited, through its subsidiaries, explores, develops, produces, and sells crude oil and natural gas.
Hot High Tech Stocks To Invest In 2014: Adams Resources & Energy Inc. (AE)
Adams Resources & Energy, Inc., together with its subsidiaries, engages in marketing crude oil, natural gas, and petroleum products. It purchases crude oil, and arranges sales and deliveries to refiners and other customers in Texas and Louisiana with additional operations in Michigan and New Mexico; purchases, distributes, and markets natural gas; and offers value added services by providing access to common carrier pipelines and handling daily volume balancing requirements, as well as risk management services. The company also markets branded and unbranded refined petroleum products, such as motor fuels and lubricants. In addition, it transports liquid chemicals on a �for hire� basis in the continental United States and Canada, as well as engages in the exploration and development of domestic oil and natural gas properties primarily in Texas and the south central region of the United States. Adams Resources & Energy, Inc. was founded in 1973 and is headquartered in Hous ton, Texas.
Hot High Tech Stocks To Invest In 2014: Masimo Corporation(MASI)
Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive patient monitoring products worldwide. The company offers Masimo Signal Extraction Technology (SET), which provides the capabilities of measure-through motion and low perfusion pulse oximetry to address the primary limitations of conventional pulse oximetry; and Masimo rainbow SET products that monitor multiple blood measurements, including oxygen content, carboxyhemoglobin, methemoglobin, hemoglobin, pleth variability index, respiration rate, Halo Index, and In Vivo Adjustment. It develops, manufactures, and markets a family of patient monitoring solutions comprising circuit boards, monitors and devices, sensors, and cables; Masimo SafetyNet, a remote monitoring and clinician notification system; and software for Rainbow measurements, as well as other future measurements or features. The company sells its products to hospitals and the emergency medical response organizations through its direct sales force and distributors, as well as to original equipment manufacturer partners in the United States, Europe, the Middle East, Asia, Latin America, Canada, and Australia. Masimo Corporation was founded in 1989 and is headquartered in Irvine, California.
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