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Cleco Power Llc (CNL) [hlAlert]

up 96.19 %

Cleco Power Llc (CNL) rated Buy

Posted on: Monday,  Nov 19, 2007  9:25 AM ET by Davenport

Davenport rated Buy Cleco Power Llc (NYSE: CNL) on 11/19/2007, when the stock price was $27.34. Since
then, Cleco Power Llc has gained 96.20% as of 12/23/2015's recent price of $53.64.
If you would have followed this Davenport's recommendation on CNL, you would have gained 96.19% of your investment in 2956 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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/19/2007 9:25 AM Buy
as of 8/27/2015
1 Week down  -1.12 %
1 Month down  -1.36 %
3 Months down  -0.64 %
1 YTD up  15.05 %

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