U.S. stocks closed higher, recovering from the prior day's selloff, as investors eyed higher Treasury yields and looked for signs of economic growth.» Read More
NEWARK, N.J. _ Public Service Enterprise Group Inc. on Friday reported first-quarter net income of $586 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share. The parent company of PSEG Power and Public Service Electric& Gas Co. posted revenue of $3.14 billion in the period.
Declines ranged from about 1 percent for shares of FirstEnergy Corp to about 5 percent for NRG Energy Inc. Declines ranged from about 1 percent for shares of FirstEnergy Corp to more than 5 percent for NRG Energy Inc. PJM operates the power grid in all or parts of 13 mid-Atlantic and Midwest states, from New Jersey to Illinois, and the District of Columbia.
Take a look at some of Friday's midday movers:
Last year was a great one for many high-yielding stocks, and investment managers are hoping for something close to that in 2015.
Stocks fell Wednesday as investors mulled the slowdown in Europe and earnings from retailers.
Some of Friday's midday movers:
Some of Thursday's midday movers:
Some of Wednesday's midday movers:
Obama's new proposal to crack down on carbon emissions from coal-fired electricity plants will have a limited effect on utility stocks.
Take a look at some of Thursday's midday movers:
Rooftop solar and utilities have been on a collision course for years, and now, the political fight is escalating, and getting dirty.
Stolen copper is so valuable because it's used for so many items. But a growing industry is going to great lengths, including satellite images, to stop scavengers.
Copper is used in homes, by utilities and for a number of industrial processes, and increasingly, thieves are going after the metal anywhere they can find it.
Conventional wisdom would suggest it’s time to get out of the market about now. But this market is anything but conventional.
Stocks were higher across the board in thin trading Friday, with major averages struggling to close higher for the week, but gains were limited as investors hesitated to jump in amid a lack of strong catalysts to further fuel the recent rally.
Utility crews worked to restore power to an additional 200,000 customers in the New York area after a nor'easter blasted the region that's still trying to recover from Super Storm Sandy.
Ahead of the presidential election, CNBC created the CNBC Obama Index and the CNBC Romney Index featuring companies that could be viewed as winners or losers depending on the outcome of the race.
The Weather Channel's Todd Gross tracks another East Coast storm barreling up the Atlantic. Also, Mike Clendenin, Con Edison spokesman, explains how the utility company is preparing for another storm while restoring power to one hundred thousand customers.
The main New Jersey utility in suburban New York is shooting down a wave of rumors that union crews working for PSE&G are refusing to work with non-union contractors and workers from other states.
Power has been restored to nearly 80 percent of utility customers in the New York City area who were blacked out by Super Storm Sandy, but a nor’easter loomed and that could set back efforts to return to normal.