Brian Chin

NextEra Energy (NEE) has been downgraded by Citi to Hold from Buy. Citi analysts Brian Chin and Hasan Doza said, Since the end of the first quarter (see related 3/24/10 note, NextEra Energy),NextEra has outperformed the S&P 500 Index and the Philadelphia Utility Index (UTY) by ~14% and ~6%,...

Analyst Brian Chin at Citigroup (NYSE: C) has released an update on Calpine Corporation (NYSE: CPN). Following recent meetings with Calpine's management, Citigroup says that its investment thesis on the company is still intact. Citi said Calpine is the most levered to an economic recovery....

Citigroup (NYSE: C) has released an update on the US power Market in its Investment Daily report. According to the report, NERC’s 2009 long term reliability outlook shows that projected peak (summer) electricity demand has declined for the 10-year period compared to last year’s outlook. Analysts...

Brian Chin of Citi downgraded his rating on Dominion Resources Inc (NYSE: D) from "hold" to "sell," while reducing his estimates for the company. The target price has been reduced from $33 to $32. Citi says that positive newsflow from D has pumped up market expectations. D had announced that it...

Citigroup analyst Brian Chin said in Barron's that he sees positive things in American Electric Power (NYSE: AEP). The stock has the lowest P/E ratio compared to other companies in the sector. Brian Chin thinks that at $30 it trades for less than 11 times projected 2009 profits. On Friday,...