Financial PerformanceAvista continues to offer below-average earnings per share and dividend per share growth, with success now depending on management’s ability to close the gap between newly authorized 9.8% ROE and earned ROE.
Regulatory ChallengesThe Energy Recovery Mechanism did not receive support for changes, which may limit Avista's ability to adjust electric rates in response to changes in power supply costs.
Valuation ConcernsValuing shares at a -15% discount indicates a perceived lack of value given the modest growth expectations.