UPDATE: Wunderlich Securities Reiterates Buy, Raises PT to $43 on Scana
Wunderlich Securities maintains its Buy rating on Scana (NYSE: SCG) as the Nuclear Regulatory Commission approves company's plant design for Westinghouse's AP1000 nuclear plant.
Wunderlich Securities says, "The Nuclear Regulatory Commission (NRC) affirmed its vote yesterday approving the design control document (DCD) for Westinghouse's AP1000 nuclear plant. This essentially approves the plant design for use in the U.S. The nuclear plants being developed by SCANA Corporation (SCG) and Southern Company (SO-NR) plan to use the AP1000. With the DCD approved, we expect the NRC to issue combined construction and operating licenses (COL) to SO and SCG in January."
SCG closed at $44.46 per share on Thursday.
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