Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/23/2013

Company Name Symbol %Change
WESTELL TECH WSTL
6.67%
STEIN MART I SMRT
5.38%
ALLIANCE FIB AFOP
5.21%
DAWSON GEOPH DWSN
4.33%
MARRIOTT VAC VAC
3.27%

Ameren Unit Reveals Growth Plans

by Zacks Equity Research

March 06, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Ameren Illinois, a subsidiary of Ameren Corporation ( AEE - Analyst Report ) , has presented a $625 million infrastructure improvement and modernization plan, spanning over 10 years, to the Illinois Commerce Commission. The Modernization Action Plan initiative will benefit customers through improved service reliability and a greater potential for energy savings. However, the main objective of the plan is creation of jobs. Besides providing its modernization plan, the company also demarcated some of the program’s expenses.

The company identified that out of this $625 million, it plans to spend about $258 million in system improvement and modernization to improve service reliability. It sets aside approximately $169 million for automated intelligent switching devices, sensors and microprocessor-based relays that will help in detecting problems more quickly and also prevent and limit the size and duration of other outages.

The Ameren subsidiary also includes about $174 million to install more automated “smart” meters, roughly $7 million to develop a modern training center and modernize an existing training center, approximately $11 million to install equipment that will allow maintenance of efficient distribution system voltage and the balance $6.5 million to install an advanced management system for the electricity distribution system.

This 10-year plan will outstrip the required 450 additional jobs by 2015. Job creation will begin in 2012 and will increase until the peak year has been reached. Apart from the new additions, Ameren Illinois currently has openings for more than 200 full-time positions.

Ameren Corporation is a holding company which operates in the generation and distribution of electricity and natural gas to residential, commercial, industrial and wholesale end-markets in Missouri and Illinois. We are encouraged by the company’s consistent performance across its solid base of stable utility operations in the Midwestern market, as well as its focus on cost minimization, and its strong balance sheet.

However, the predominantly coal-based generation assets and pending regulatory cases evoke some concern. The company presently retains a short-term Zacks #3 Rank (Hold) that corresponds with our long-term Neutral recommendation on the stock.

The company mainly competes with CenterPoint Energy ( CNP - Analyst Report ) and Exelon Corporation ( EXC - Analyst Report ) .

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.