+ Watch NVE
on My Watchlist
These guys make the power that makes Las Vegas glow.
"I feel lucky - OK go to Vegas."
I think NV is a great place for large scale solar deployment, and this company owns the grid to get that power to the people.
Like the Dividend
plenty of upside
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$$$.
Utilities are always a need, with summer so close we'll cont. to see it going steedy for the next couple of months.
got a feeling
This is a utility stock with lots of insider buying and recent momentum to the upside. It operates in the Las Vegas/Lake Tahoe area.
TradingMarkets long term power rating of 9 (4/22/08)
Public utilities are a tough sell, but I believe Sierra Pacific Resources is a good pick due to the geographic region in which it operates. Its hard not to make money when you serve most of Las Vegas one of the only growing housing markets in the country.
When all the subprime mess is finally behind us, all those new homes in Nevada will have occupants who can pay their utility bill.
i think they are making a strong comeback and will soon return to dividend paying status.
Has had rocky financial performance in the past few years and omitted its dividend- a very serious matter for a utility stock.It is a combination of Sierra Pacific Power and Nevada Power and several other activities.It serves the Las Vegas area in Nevada, the Lake Tahoe area in California and a verysmall portion of OregonWhile there is risk of slowdown in the Las Vegas economic conditions (housing related and general economic decline) It appears to have returned to profitable operationPayment of a cash dividend could resume within the next year.An interesting speculation.
Highest customer growth area in the country. finally emerging from the Calf Power market mess.
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