NVE Energy, Inc. (NVE) Maintains An Outperform Rating

Analysts at RBC Capital Markets have maintained an Outperform rating for NVE Energy, Inc. (NYSE: NVE). Analysts have maintained the price target of $15 for the NVE Energy, Inc. stock.

The company reported EPS of $0.82 for FY09, which came in below analysts’ estimate of $0.99, and consensus of $0.83. According to analysts, there has been an improvement in the visitor metrics. Analysts expect an improvement in housing by year-end.

Analysts expect the growth to remain solid in the near-term through transmission, and renewable investments. Analysts expect the company to outpace the US averages for population growth in the long term.