FPL Group, Inc. (FPL)

mistrgolf (93.08) Submitted: 7/30/07 2:51 PM : Start Price: $56.05 FPL Score: 14.91

I've owned this one on and off for years. It now appears significantly under-priced to me given today's earnings and 2007 & 2008 forecast. I'm buying it back today. As the baby boomers retire and move south, their sales should easily grow. Their margins are expected to expand, which makes it seem like a rosy EPS sceneario to me.

JUNO BEACH, Fla. (AP) - Power utility holding company FPL Group Inc. affirmed its 2007 guidance on Monday and boosted its 2008 forecast after reporting strong second-quarter results despite unfavorable weather conditions.

FPL Group said it now expects 2007 earnings in the upper half of its original forecast range of $3.35 to $3.45 per share.

FPL Group announces expanded growth plan for wind business Co announces an aggressive goal to add between 8,000 and 10,000 megawatts of new wind to its portfolio by the end of 2012. To achieve its goal, FPL Energy plans to add at least 2,000 megawatts of new wind generation to its portfolio in the 2007/2008 timeframe and 1,500 to 2,000 megawatts per year from 2009 through 2012.

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