Zacks Investment Research downgraded shares of NV ENERGY INC (NVE) from OUTPERFORM to NEUTRAL on October 01, 2012, with a target price of $19.70.
Sierra Pacific Resources, the holding company for Sierra Pacific Power Company, provide electricity to more than 286,000 customers in the area of northern Nevada and northeastern California, including world-famous Reno and Lake Tahoe. The company also provide natural gas and water service to customers in the greater Reno metropolitan area. Other operating subsidiaries of the company include the Tuscarora Gas Pipeline Company, Lands of Sierra, Sierra Energy Company, eothree and Sierra Water Development Company.
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