StockCall.com Provides Stock Research on Southern Co., Calpine Corp., Edison International, and TECO Energy Inc.
New York City, New York -- (May 09, 2013)
Utilities are expected to see a sharp rise in capital spending over the next few years as they upgrade their existing infrastructures. There is also growing pressure to meet environmental regulations. However, for electric utilities, a sharp decline in natural gas prices has been beneficial. Lower natural gas prices have allowed several electric utilities to switch from coal to natural gas to generate power. This will help them in meeting environmental regulations as natural gas is cleaner than coal. Utilities edged lower on Wednesday even as the broad market rose to record high levels. Among the major movers were The Southern Company (NYSE: SO), Calpine Corporation (NYSE: CPN), Edison International (NYSE: EIX), and TECO Energy Inc. (NYSE: TE). StockCall free coverage on SO, CPN, EIX, and TE is available upon registration at
Shares of The Southern Company edged lower yesterday. The stock traded between $46.90 and $47.29 before finishing the day 0.72% lower at $46.93 on volume of 2.12 million. Despite the pullback on Wednesday, Southern Co.’s shares are currently trading close to their 52-week high of $48.74. The stock has climbed more than 12% so far in 2013 as compared to a gain of nearly 14.50% for the S&P 500. Shares of SO have been struggling over the past week after having an excellent run for nearly three months. Download the free technical research on SO by signing up at
Shares of Calpine Corporation edged higher in Wednesday’s trading session; however, the gains were limited. The stock closed 0.15% higher at $20.69 on above average volume of 3.82 million after trading between $20.57 and $20.77. Despite yesterday’s gains, Calpine’s shares are down nearly 2.50% for the week. The stock has seen a sharp pullback after failing to break through $22 resistance level. However, shares of CPN are still up more than 14.10% for the year. The stock is currently trading more than 6.60% below its 52-week high. Register now and get access to the free analysis on CPN at
Edison International shares fell sharply yesterday, extending their losses for the week. The stock closed 1.52% lower at $51.15 on above average volume of 2.61 million, taking its losses for the week to nearly 2.10%. Despite the pullback this week, Edison’s shares are still trading close to their 52-week high of $54.19. Year-to-date, the stock is up nearly 14%. However, the stock’s MACD has slipped below the signal line, which indicates that market sentiment has turned bearish on the stock. Sign up and read the complimentary report on EIX at
Shares of TECO Energy Inc. also struggled in Wednesday’s trading session. The stock ended the day 0.31% lower at $19 on above average volume of 2.11 million. TECO Energy’s shares are currently trading close to their 52-week high of $19.15. The stock has seen a series of highs since February. However, in the last few sessions, the stock has traded sideways. Its MACD has just crossed below the signal line which is a bearish signal. Year-to-date, shares of the company are still up 14.80%, outperforming the broad market. The free report on TE can be downloaded by signing up now at
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William T. Knight
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