UBS downgrades Entergy Corp. stock, urges investors to sell
by Andrew Stein | February 20, 2013
Last Thursday, the Swiss financial services firm UBS Securities downgraded Entergy Corp.’s stock from “neutral” to “sell.”
Dividend Daily reported that UBS analysts made the decision “due to regulatory challenges ahead” for the operator of the Vermont Yankee nuclear plant.
The UBS downgrade was delivered after the company’s stock value dropped 8 percent this past year.
In January, UBS released a report headlined: “Entergy guidance clearly illustrates no cash generation from nukes.” UBS suggested that closing Vermont Yankee and New York’s FitzPatrick plants would improve cash flow and potentially stave off deficits in 2015 and 2016.