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Schaeffer's Sentiment Snapshot: Entergy Corporation (ETR)

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  Published in Business and Finance on Monday, January 12th 2009 at 13:45 GMT, Last Modified on 2009-01-12 13:46:08 by Market Wire
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CINCINNATI--([ BUSINESS WIRE ])--While most of the broad market dips its toes into the red today, the shares of Entergy Corporation (NYSE: ETR) have taken a different route. Bolstering the nuclear energy issue higher was a bullish brokerage note in Barron's, which predicted that the stock could get a boost amid President-elect Barack Obama's push for clean energy sources.

The article notes Obama's goal to reduce carbon emissions in the U.S. by 80% by 2050, using $150 billion over the next decade to create a cleaner future for energy. With nuclear plants the biggest producers of energy that doesn't emit greenhouse gases, Barron's states that "some of the power companies operating the 104 existing nuclear plants look tempting right now."

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