The move yesterday from 3172 - 3362 was 190 points. I agree with the analysts its a great stock for the longer term. It also has power generation and wholesale trading and marketing operations in western Europe. The Company has more than 22,000 megawatts of power generation in operation in the U.S. and western Europe and has announced acquisitions and development projects that will add another 10,000 megawatts. Reliant Energy also has marketing and distribution operations serving nearly four million electricity and natural gas customers in the U.S., has significant interests in power distribution operations serving nearly 10 million customers in Latin America and recently launched a telecommunications business in the Houston area.
Volume is off the charts.
This company has a 5 year PE range of 3-533. Looks like we are at the low end of that. This is the sector to be in. The timing indicators are continuing to move up. Looking to get another energy stock in the portfolio, hopefully on some weakness.