Northeast Utilities knows how to keep the lights on, recession or expansion

Filed under: Stocks to Buy

Rare is the day I'll sell an electric power generation play. I'm reiterating my Buy rating for Northeast Utilities (NYSE: NU), first recommended on May 6, 2009 at a price of $21.48.

NU's business model is low-risk -- its electric unit primarily serves customers (1.9 million in all) in land-of-steady-habits Connecticut, Western Massachusetts, and New Hampshire, and offers above-average total return, with only a modest downside risk. In this investing environment, that's impressive.

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Northeast Utilities knows how to keep the lights on, recession or expansion originally appeared on BloggingStocks on Wed, 09 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

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