Con Edison Trades at All-Time High Even as the Worst-Rated Blue Chip

The company is facing some significant capital expenditures, and is trying to sell clean energy assets to raise cash, Miller said. If that fails, Con Edison will likely need to tap the debt markets as interest rates are rising, which will eat into future returns. This is a key reason for analysts’ bearishness, even as the shares have been on a record run.

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The company is facing some significant capital expenditures, and is trying to sell clean energy assets to raise cash, Miller said. If that fails, Con Edison will likely need to tap the debt markets as interest rates are rising, which will eat into future returns. This is a key reason for analysts’ bearishness, even as…

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