NV Energy, Inc. (NYSE:NVE)

CAPS Rating: 5 out of 5


Player Avatar jerryguru69 (95.37) Submitted: 9/29/2008 8:05:30 PM : Outperform Start Price: $8.23 NVE Score: +102.32

Short term, expect to get pummeled. No reason to think it will immune. However, this is a long term pick. When PGE and SoCal Ed are short on power during an exceptionally hot summer day, the balance is made up by SRP. SRP mainly supplies juice to Vegas; this glitzy town has suffered a big downturn, so you might think long term prospects are thin. However, the population increase in the Southwest in the next few years during the recovery from the current recession, SRP will no longer have enough excess generation capacity. Ch-Ching$$$.

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