NEE - Avista: A Strong Contender In Renewables But Might Be A Little Expensive
- Avista Corporation serves some of the more sparsely-populated areas of the Pacific Northwest with both electrical and gas utility services.
- The company is one of the greenest electrical producers in the United States right now, with nearly 60% of its electricity coming from renewable sources.
- The company expects to expand on this base and be carbon-neutral by 2027, which is one of the most aggressive clean energy goals of any utility.
- The future for renewables is quite good, which explains the market's interest in these companies over the past year.
- Avista is currently growing at a 5% annual rate but it may be a bit overpriced relative to its peers.
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Avista: A Strong Contender In Renewables, But Might Be A Little Expensive