Trade-Ideas LLC identified Exelon (EXC) as a "roof leaker" (crossing below the 200-day simple moving average on higher than normal relative volume) candidate
AUSTIN, Texas, March 6, 2014 /PRNewswire/ -- SolarBridge Technologies (SolarBridge), the leading provider of microinverters and monitoring technology for TrueACTM solar systems, announced today it has closed a $42 million round of funding led by Constellation Technology Ventures, part of Exelon Corp. (EXC), the nation's leading competitive energy provider. In addition to Constellation Technology Ventures, previous investors Shea Ventures, Rho Ventures and Prelude Ventures participated in the financing. Michael Smith, Constellation vice president and head of Constellation Technology Ventures, will join the SolarBridge Board of Directors.
Exelon was a leading decliner within the utilities sector, falling $0.47 (-1.6%) to $29.81 on average volume
Alaska Communications Systems Group Inc. was a big mover last session, as the company saw its shares rise nearly 6% on the day.
CHICAGO, March 5, 2014 /PRNewswire/ -- ComEd President and CEO Anne Pramaggiore was named Utility Industry CEO of the Year by Energy Central, publisher of EnergyBiz magazine, at a gathering this week in Washington, D.C. Martin Rosenberg, editor-in-chief of the magazine, said Pramaggiore was selected, among other reasons, based on the company's success in securing passage of the Energy Infrastructure Modernization Act or "Smart Grid" bill. It's a 10-year investment program under which ComEd is transforming the electric system in northern Illinois by modernizing the grid, overhauling infrastructure and deploying 4 million digital smarter meters that give customers more control over their energy consumption and costs. "ComEd is recognized throughout the industry for its successful pursuit of a new regulatory model that is enabling the utility to make the long-term investments needed to strengthen and modernize one of the largest utility systems in the country," said Rosenberg. "We admire the hands-on, personal role that Anne has played in this major initiative. We're also impressed by the company's enhanced capabilities and effectiveness in responding to severe weather conditions following the severe storms that hit the Chicago area in 2011.
ComEd announces it has dedicated $10 million in assistance funds for 2014 to help customers facing financial hardship pay their electric bill. In addition, the company is offering
Exelon is seeing solid earnings estimate revision activity in the Electric Power industry space and is in great company from a Zacks Industry Rank perspective
Utilities emerged as the focus of Warren Buffett's elephant guns for acqusitions
Today’s winter storm is expected to cover the region with an accumulation of snow. The storm is expected to intensify throughout the evening and continue through Monday.
TheStreet highlights 3 stocks pushing the utilities sector higher today.
Sempra Energy's adjusted fourth quarter 2013 earnings per share came in at $1.13, above the Zacks Consensus Estimate of 98 cents by 15.3%.