I will say that if you are looking for a smart buy yet want to keep it conservative, now is the time to buy a utility. I will recommend Progress Energy (PGN) to start. This stock is close to being at an all time low over 5 years, however it is on the rise again, up from 32.60 low. Last year around this time, PGN was up around 49 a share. Recently Progress Energy has been seeking approval for a 20 year licence renewal for it's Crystal River plant. This would be a great win for the company, being able to provide more green energy for over 35 million customers in Florida.
Another good bet to look at is Excel Energy(XEL) in Minnesota. Yes, I may be a little biased being here in the North Star State, however may I ask you to check this out. There is potential for this stock to keep your investments safe while returning a decent yield. The share price is on the rise again and may hopefully be up more in the near future. Excel Energy has invested in a decent amount of wind energy in the western parts of Minnesota. Wind energy is becoming very popular in the Midwest. Many farmers are leasing their land to wind turbine investors and the return has been great because there is hardly a day without wind in the Midwest.
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