Top 3 Utilities Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Lisa Levin
The article discusses the most oversold stocks in the utilities sector, presenting an opportunity to buy into undervalued companies. The stocks mentioned are Avista Corporation (AVA), SJW Group (SJW), and Via Renewables, Inc. (VIA). All three companies have an RSI value below 30, indicating they are oversold. AVA and SJW have recently seen price target reductions, while VIA posted a loss for the first quarter.
July 11, 2023 | 11:51 am
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NEGATIVE IMPACT
Via Renewables, Inc.'s stock is oversold with an RSI of 23.43. The company posted a loss for the first quarter.
The oversold status of VIA's stock, combined with a Q1 loss, suggests potential short-term volatility. The Q1 loss also indicates potential financial instability, which could negatively impact the stock's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Avista Corporation's stock is oversold with an RSI of 29.39. Guggenheim recently maintained a Sell rating and lowered the price target from $35 to $33.
The oversold status of AVA's stock, combined with a lowered price target, suggests potential short-term volatility. However, the lowered price target also indicates analyst skepticism about the stock's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
SJW Group's stock is oversold with an RSI of 29.10. UBS downgraded SJW from Buy to Neutral and lowered the price target from $85 to $78 last month.
The oversold status of SJW's stock, combined with a downgrade and lowered price target, suggests potential short-term volatility. However, the downgrade and lowered price target also indicate analyst skepticism about the stock's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100