Jul 27, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Electric Utilities industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Otter Tail ranks highest with a a beta of 0.8. Following is Allete with a a beta of 0.8. IDACORP ranks third highest with a a beta of 0.8.
Great Plains Energy follows with a a beta of 0.7, and Cleco rounds out the top five with a a beta of 0.7.
SmarTrend recommended that subscribers consider buying shares of Cleco on January 26th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $38.27. Since that recommendation, shares of Cleco have risen 13.8%. We continue to monitor Cleco for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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