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Cleco Power Llc (CNL) [hlAlert]

Rating:
Outperform
CNL
up 26.83 %

Cleco Power Llc (CNL) rated Outperform by Wells Fargo

Posted on: Tuesday,  Oct 23, 2012  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Cleco Power Llc (NYSE: CNL) on 10/23/2012, when the stock price was $42.29. Since
then, Cleco Power Llc has gained 26.84% as of 12/23/2015's recent price of $53.64.
If you would have followed this Wells Fargo's recommendation on CNL, you would have gained 26.83% of your investment in 1156 days.

Cleco Corporation is a public utility company, which holds investments in several subsidiaries. The Company operates in two business segments: Cleco Power and Midstream. Cleco Power, an integrated electric utility services company regulated by the Louisiana Public Service Commission (LPSC), Federal Energy Regulatory Commission (FERC), and other regulators, which serves approximately 276,000 customers across Louisiana and also engages in energy management activities. Midstream, an energy company regulated by FERC owns and operates the power plant (Evangeline). Midstream also owns a 50% interest in a merchant power plant (Acadia) and operates the plant on behalf of its partner.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2012 8:25 AM Buy
None
42.29
as of 12/31/2012
1 Week down  -1.84 %
1 Month down  -0.69 %
3 Months down  -5.39 %
1 YTD down  -5.39 %

(*) Stock Price at the time of the recommendation.
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