With deregulation of electricity set to hit Maryland this summer, Constellation Energy Group looks ready to go.
As a new structure hits the market, financial groups who track the power company have been forced to re-evaluate its future. And from initial indications, it seems pretty bright.
“Nuclear generation continues to benefit from the repricing of its electricity output in a high-gas-price environment,” Paul Justice, an analyst for Morningstar, said in his report on Excelon and Constellation. “We think these companies in particular are set to earn substantial returns under various fuel and electricity pricing scenarios, and preliminary assumption changes indicate that our fair value estimates for both companies will rise by more than 20 percent.”
Late last week, investors already reaped the benefits of the company, as the Baltimore-based electricity company announced a quarterly dividend of 43 cents ? or $1.74 per share annually ? for its stockholders of record.
Black & Decker loses European trademark battle
Europe?s second-highest court has ruled Black & Decker does not have exclusive international rights to its stateside black and yellow color pattern color scheme. However, the Hunt Valley-based home improvement and power tool company has appealed the verdict to the European court.
While the decision will not have an impact on Black & Decker?s sales of tools, it does mean it cannot prevent other businesses from using the same predominant colors.
The Dow Jones Newswire contributed to this story.
