On Apr 22, 2013, the shares of
Wisconsin Energy Corporation
) climbed to a 52-week high of $43.78 primarily driven by the
successful completion of its 'Power the Future' (PTF) plan,
steady progress on its biomass plant in Rothschild and new
customer connections. The company has maintained a solid track
record of posting consistent earnings surprise in the past four
quarters bringing the average surprise to 9.93%.
Wisconsin Energy completed its 10-year PTF plan. Under the
program, the company spent $3 billion to construct 2,320
megawatts generating capacity, and upgrade the existing
generation and distribution assets. This initiative will enable
Wisconsin Energy to meet the increase in energy demand coming
from added customer connections.
At present, Wisconsin Energy is concentrating on the construction
of a biomass fuel generating plant in Rothschild. The company is
sticking to its 2015 deadline of increasing electricity delivered
from renewable sources to 20% from 5% in 2010. Wisconsin Energy's
focus on diversifying its operational portfolio by increasing its
renewable generation brought stability to its financial position.
The company's strong operating cash flow will help it to
participate in lucrative investment prospects in the near term.
The company's efficient tackling of debt level will also prove to
be beneficial for maintaining a healthy balance sheet.
The expected earnings growth for Wisconsin Energy is estimated at
5.53%. Currently, the company carries a Zacks Rank #3 (Hold).
Besides Wisconsin Energy Corporation, other stocks in the utility
sector that are currently performing well include
Brookfield Infrastructure Partners L.P.
Empresa Nacional Electricidad SA
Pike Electric Corporation
). All these stocks presently carry a Zacks Rank #1 (Strong
BROOKFIELD INFR (BIP): Free Stock Analysis
ENDESA-CHILE (EOC): Free Stock Analysis
PIKE ELECTRIC (PIKE): Free Stock Analysis
WISC ENERGY CP (WEC): Free Stock Analysis
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