NV Energy SWOT Analysis, Competitors & USP

Posted in Energy & Power, Total Reads: 1056

SWOT analysis of NV Energy analyses the brand/company with its strengths, weaknesses, opportunities & threats. NV Energy is one of the leading brands in the energy & power sector.

In addition to SWOT Analysis, the table below also lists the top NV Energy competitors and elaborates NV Energy segmentation, targeting, positioning & USP.

NV Energy

Parent Company

Berkshire Hathaway Energy

Category

Electricity & Natural Gas

Sector

Energy & Power

Tagline/ Slogan

Creating Energy Smart Future

USP

Only Company Serving in Las Vegas

NV Energy STP

Segment

Electricity and gas

Target Group

Residential and Business

Positioning

Premium electricity provider

NV Energy SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of NV Energy. Strengths are:

1. Very strong presence in Las Vegas
2. Ranked among top 10% of electric utilities for consecutive years
3. Excellent Financial Strength supported by parent company
4. Serves 1.5 million customers and 40 million tourists annually

5.Electrical safety world programs conducted regularly

6. Over 2500 employees is a strong point

Weaknesses

Here are the weaknesses in the NV Energy SWOT Analysis:

1. Low on service – Feedback from customers
2.Higher dependency on coal to generate electricity
3.High focus on profits – poor after sale service

Opportunities

Following are the Opportunities in NV Energy SWOT Analysis:

1. Increasing demand – growing need
2.Can tap into solar system to diverse their dependency on coal
3.NV Energy’s Electric vehicle has huge potential

Threats

The threats in the SWOT Analysis of NV Energy are as mentioned:

1. Government regulations may tighten on charges
2.Self solar grid systems can reduce the customer dependency on NV energy
3.Global Players are targeting the market

NV Energy Competition

Competitors

Below are the top 2 NV Energy competitors:

1.CenterPoint Energy
2.Southwest Gas Corporation in Nevada


The brandguide table above concludes the NV Energy SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.

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