Core Insights - President Trump and New York City Mayor-elect Zohran Mamdani discussed affordability issues, particularly focusing on lowering electricity prices in New York City, which negatively impacted Consolidated Edison’s stock [1][2][4][9]. Company Overview - Consolidated Edison, known as Con Ed, is the primary utility provider in New York City, serving over 3 million customers [4]. - The company acknowledged the importance of affordability and expressed willingness to collaborate with the Mayor-elect on solutions to make New York more affordable [8]. Stock Performance - Following the comments made by Trump and Mamdani, Con Ed's stock experienced a decline, opening at $101.48, reaching a high of $103.28, but dropping to a low of $99.55, ultimately closing at $100.16, down 0.78% for the day [9]. - Despite the recent drop, Con Ed shares are up approximately 13% for the year [10]. Voter Sentiment - A Fox News Voter Poll indicated that 55% of New York City voters consider the cost of living the most pressing issue, with Mamdani receiving significant support from those concerned about affordability [13][14].

In the current session, the stock is trading at $120.98, after a 0.07% spike. Over the past month, American Electric Power Inc. (NASDAQ:AEP) stock increased by 4.48%, and in the past year, by 23.53%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Comparing American Electric Power P/E Against Its PeersThe P/E ratio measures the current share price to the company's EPS. It is used by ...

It has been about a month since the last earnings report for FirstEnergy (FE) . Shares have added about 0.1% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is FirstEnergy due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for FirstEnergy Corporation before we dive into how investors and analysts have re ...

Key Takeaways ED outlines $38B in 2025-2029 capital spending to strengthen energy infrastructure.The plan includes major investments in clean generation and climate resilience projects.Regulator-approved rate plans may limit ED's pricing flexibility and cost recovery.Consolidated Edison’s (ED) systematic capital investment plan should further boost its operations and improve its service reliability. The expansion of the company’s renewable energy portfolio enhances its ability to derive economic value and m ...

Previously, we reported that erstwhile high-flying nuclear energy stocks have crashed spectacularly, with the harsh reality of the long lead and construction times of nuclear facilities, coupled with the fact that some stocks in the space with zero revenues are in nosebleed territory, sending the sector into a tailspin. However, the nuclear sector is in good company: the entire U.S. stock market has lately been pulling back, with tech stocks selling off and the AI-driven boom running out of steam. That sa ...

Solid operations and increased revenues from electricity sales Landsvirkjun’s profit from core operations in the third quarter amounted to USD 56 million, and cash from operations USD 46 million.The Company’s financial position remains strong, with an equity ratio of 63.1% and leverage of 1.5× EBITDA.Revenue from electricity sales increased during the period compared with the same period last year. Hörður Arnarson, CEO: Operations at Landsvirkjun’s power stations remained solid in the third quarter, followi ...

Berkshire Hathaway Inc.’s PacifiCorp said it has reached a $150 million settlement with 1,434 plaintiffs associated with the 2020 Labor Day fires in Oregon.The accord, disclosed Wednesday in a regulatory filing, will resolve claims by property owners that the utility failed to prevent its equipment from sparking the fires in dangerous weather conditions. Related: Mounting Oregon Wildfire Claims Threaten Ratings of Berkshire’s PacifiCorpThe settlement includes 340 of the plaintiffs of the roughly 1,900 who h ...

The Public Utilities Commission of Ohio on Wednesday ordered FirstEnergy's Ohio utilities to pay $250.7 million in penalties and refunds after an investigation linked to a bribery scandal found the en... ...

Core Viewpoint - Xcel Energy Inc. has shown a mixed short-term performance with a 1.36% decrease over the past month, but a significant 11.51% increase over the past year, prompting long-term shareholders to consider the company's price-to-earnings (P/E) ratio [1] Group 1: P/E Ratio Analysis - The P/E ratio is a critical metric for long-term investors, comparing the current share price to the company's earnings per share (EPS), and is used to assess performance against historical data and industry benchmarks [5] - Xcel Energy's P/E ratio stands at 24.7, which is higher than the Electric Utilities industry's average P/E ratio of 19.72, suggesting that the company may outperform its industry in the future, although it could also indicate that the stock is overvalued [6] - While a higher P/E ratio may reflect investor optimism about future performance and potential dividend increases, it is essential to use this metric cautiously as it can also signal weak growth prospects or financial instability [9][10]

TRENDING: AI Voice Assistants Make Noise. Wall Street Listens. 9/02/2025A Relative Strength Rating upgrade for Evergy shows improving technical performance. Will it continue? 9/02/2025A Relative Strength Rating upgrade for Evergy shows improving technical... INVESTING RESOURCES For investors searching for a company with a steadily growing dividend and stable fundamentals, Evergy (EVRG) is a top stock to consider. Headquartered in Kansas City, Mo., Evergy provides electricity through its subsidiaries to 1.7 ...