05-07-2021, 02:48 AM
(05-06-2021, 10:03 PM)vbin Wrote: NEE back to trading ~$74. Below $70 would be real nice.
Finally taking a break and consolidating for more than two weeks. Seems like NEE just went straight up for years and lately the earnings growth has been a little thin to justify it. That would concern me more if I didn't think incentives are coming for the green projects. Most of the UTEs I own serve a lot of iron ore mills. I think they are about to enjoy a few nice quarters with steel prices going wild. I had 100 shares of a couple UTEs called away a few weeks ago. That worked out OK as I really do like to be able to add on dips.
On a side note, I do my own DD, but I really do need to find other analysts than CFRA. I noticed they had a sell or strong sell rating on WEC and XEL even on the hard dip. They'll have a buy rating on underperforming utilities at the same time.