Wells Fargo cuts its ratings on NextEra Energy (NEE), Public Service Enterprise (PEG) and...

|By:, SA News Editor

Wells Fargo cuts its ratings on NextEra Energy (NEE), Public Service Enterprise (PEG) and Southern (SO) to Market Perform and cuts longer-term earnings estimates for several diversified power companies including Exelon (EXC) and Constellation (CEG), citing deterioration in the fundamental outlook sparked by a drop in power prices since October in the wake of lower natural gas costs.