In This Economy, It’s Prudent to Consider Entergy

Filed under: Stocks to Buy

Utility and nuclear power generator Entergy Corp (ETR), which I first wrote about on May 12, 2009 at a price of $74.31, is still worth a look, if you missed the earlier entry point. Here's why:

Although, Entergy canceled the spin-off of its non-nuclear assets, earnings should increase 2-3% in 2010, excluding one-time charges.

Also, because the United States did not build nearly enough nuclear power plants in the last two decades of the 20th century to accommodate its power needs, it will spend the next two decades playing catch-up.

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In This Economy, It's Prudent to Consider Entergy originally appeared on BloggingStocks on Fri, 03 Sep 2010 14:00:00 EST. Please see our terms for use of feeds.

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Entergy - United States - Nuclear power - BloggingStocks - Energy