NV Energy Stock Hits New 52-Week High (NVE)

NEW YORK ( TheStreet) -- NV Energy (NYSE: NVE) hit a new 52-week high Monday as it is currently trading at $23.69, above its previous 52-week high of $23.68 with 3.3 million shares traded as of 1:45 p.m. ET. Average volume has been 5.4 million shares over the past 30 days.

NV Energy has a market cap of $5.56 billion and is part of the utilities sector and utilities industry. Shares are up 30% year to date as of the close of trading on Friday.

NV Energy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. It also delivers natural gas service.

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TheStreet Ratings rates NV Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, good cash flow from operations, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full NV Energy Ratings Report.

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