Research
Utilities
lf0’s Utilities hub collects every equity research note on regulated and merchant power companies, where allowed returns, capital spending needs, and debt costs shape long-run shareholder outcomes. Coverage in this sector currently includes NextEra Energy (NEE), Constellation Energy (CEG), DTE Energy (DTE), Public Service Enterprise Group (PEG), AES (AES), and FirstEnergy (FE). lf0 revisits these names as rate cases, power demand, and financing conditions evolve, so each company’s archive is organized chronologically rather than as a single static snapshot.




The Scorecard: 2 Month Update: AES Sell — Incorrect so far
Revisiting our Sell call on AES: entry $14.71, latest $14.90, +1.3%.
Constellation Energy Stock Analysis: Buy or Sell? Valuation, FCF & Leverage
Constellation Energy (CEG) is rated Hold as scale and growth improved, but levered free cash flow remains deeply negative after the Calpine deal. The stock’s…
The Scorecard: 2 Month Update: FLNC Sell — Correct so far
Revisiting our Sell call on FLNC: entry $14.42, latest $7.39, -48.8%.
Talen Energy Stock Analysis: Buy or Sell? Leverage, Valuation & FCF
Talen Energy (TLN) is rated Sell because leverage is stretched and earnings remain under pressure despite strong free cash flow. The stock trades at a…
NextEra Energy Stock Analysis: Buy or Sell? Valuation, Leverage & FCF
NextEra Energy (NEE) is rated Hold as strong growth is offset by weak cash conversion and elevated leverage. The stock’s premium valuation looks less compelling…
The Scorecard: 1 Month Update: AES Sell — Incorrect so far
Revisiting our Sell call on AES: entry $14.71, latest $14.77, +0.4%.
The Scorecard: 1 Month Update: FLNC Sell — Correct so far
Revisiting our Sell call on FLNC: entry $14.42, latest $11.34, -21.4%.
FirstEnergy Stock Analysis: Buy or Sell? Valuation, Leverage & Cash Flow
FirstEnergy (FE) is rated Hold as its regulated footprint and rate-base growth support the business, but cash conversion remains weak. With $29B of debt and…
The Scorecard: FLNC Sell — Correct so far
Revisiting our Sell call on FLNC: entry $14.42, latest $11.43, -20.7%.
DTE Energy Stock Analysis: Buy or Sell? Valuation, FCF & Leverage
DTE Energy (DTE) is rated Hold as regulated growth is offset by deeply negative free cash flow and elevated leverage. The utility’s franchise is durable,…
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