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Morgan Stanley Picks A Dozen Utilities From Global Pool

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In divergent utilities markets worldwide, a recent report focused on deregulation in Australia, a major restructuring in Latin America and efforts in India to boost coal production.

A team of 27 Morgan Stanley analysts authored the report, which named a dozen favored stocks.

In the U.S., the analysts liked Calpine Corporation (NYSE: CPN) which serves markets in Texas; NextEra Energy Inc (NYSE: NEE) which operates Florida Power & Light, and Princeton, New Jersey-based NRG Yield Inc. (NYSE: NYLD).

In Europe the team recommended France-based GDF Suez (OTC: GDSZF), soon change its name to "Engie," the British multi-national Centrica PLC (ADR) (OTC: CPYYY) and Portugal-based EDP Renovaveis SA (ELI: EDPR)

In Asia, utilities favored by Morgan Stanley included Tokyo Gas Co. (OTC: TKGSY), Power Grid Corp. (NSE: POWERGRID) of India, and Korea Electric Power Corporation (ADR) (NYSE: KEP), as well as Indonesia's Perusahaan Gas Negara (ISE: PGAS)

Rounding out the list were Brasil's CPFL Energia S.A. (ADR) (NYSE: CPL) and Australia's Duet Group (OTC: DUETF).

In Australia, Morgan Stanley said the Queensland government will delay electricity deregulation by 12 months.

In Europe, Italy's Enel recently announced a restructuring of its operations in Latin America.

In India, a government push will increase coal production to a compounded annual growth rate of 10 percent over the coming five years, Morgan Stanley said.

Latest Ratings for CPN

DateFirmActionFromTo
Sep 2017DowngradesBuyNeutral
Aug 2017DowngradesBuyNeutral
Aug 2017DowngradesOutperformSector Perform

View More Analyst Ratings for CPN
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Posted-In: Morgan StanleyAnalyst Color Analyst Ratings Trading Ideas

 

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