5 Stocks Slump to 52-Week Lows: Wynn, First Solar
NEW YORK (TheStreet) -- Shares of the following stocks sank to 52-week lows on Monday: Exelon (EXC), Wynn Resorts (WYNN), Symantec (SYMC), DeVry (DV) and First Solar (FSLR).
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Exelon
"Exelon will host an analyst meeting on June 7th in New York City to outline strategic, operational and financial plans," Bank of America Merrill Lynch analysts wrote in a May 6 report. "Management has made it clear that they are very committed to maintaining the dividend and strong credit metrics. We believe that keys for FY12 include: 1) the hedging of most of Exelon Generation's expected FY12 generation well ahead of recent declines of power and natural gas prices; 2) continued excellent nuclear operations; and 3) continued financial discipline."
Shares of Exelon hit a 52-week low of $37.12 on Monday. The stock's 52-week high of $45.45. was set on Nov.9.
Exelon trades at an estimated price-to-earnings ratio of 12.66 times; the average for conventional electric companies is 22.17. For comparison, Southern (SO) has a higher forward P/E of 16.15. Fifteen of the 21 analysts who cover Exelon rated it hold; six analysts gave the stock a buy rating. The stock has fallen 14.18% year to date.Select the service that is right for you!
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