NYSE:AVAIntegrated Utilities
Avista (AVA) Stock Slips As Earnings Hold Firm But Load Growth Clouds Outlook
Avista stock slipped about 2% today, even though the latest earnings landed with more punch than the share price suggests. The headline is simple. This regulated utility reported a solid quarter of profit, with basic earnings per share of US$1.12 on revenue of US$570m, and that feeds into a trailing P/E that currently sits below peers and the wider US market. In the near term the stock appears cautious. Over a multi year horizon the key question is whether consistent earnings and that...