Duke Energy Corp (DUK), FirstEnergy Corp. (FE): Is Atlantic Power Corp (AT) Destined for Greatness?

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Both Atlantic and Duke Energy Corp (NYSE:DUK) are looking for alternatives to coal to satisfy customer energy demands. Duke Energy Corp (NYSE:DUK) might have abandoned a nuclear strategy, but it’s moving into solar with a 4.5 megawatt solar project that it recently acquired in San Francisco. Atlantic’s biomass-fired power plant, which is based in Georgia, should provide renewable tax credits that might help offset recent losses, but Fool contributor Justin Loiseau points out that the company now has lowered expectations for the value of those credits. The company is also looking into obtaining further wind production tax credits in the near future.

Putting the pieces together

Today, Atlantic Power has some of the qualities that make up a great stock, but no stock is truly perfect. Digging deeper can help you uncover the answers you need to make a great buy — or to stay away from a stock that’s going nowhere.

The article Is Atlantic Power Destined for Greatness? originally appeared on Fool.com and is written by Alex Planes.

Fool contributor Alex Planes has no position in any stocks mentioned. The Motley Fool recommends Exelon. 

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