Top 3 Utilities Stocks That Could Blast Off In Q3
Portfolio Pulse from Lisa Levin
The article lists the top 3 oversold utilities stocks that could potentially rise in Q3. These include Unitil Corporation (UTL), Pure Cycle Corporation (PCYO), and Hawaiian Electric Industries (HE). UTL posted weaker-than-expected earnings but has a disciplined approach to cost management. PCYO has appointed a new CFO, Marc Spezialy. HE shares traded lower after Maui County filed a lawsuit against the company and it suspended its quarterly cash dividend.
August 28, 2023 | 12:42 pm
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NEGATIVE IMPACT
Hawaiian Electric Industries shares traded lower after Maui County filed a lawsuit against the company and it suspended its quarterly cash dividend.
The lawsuit and suspension of the quarterly cash dividend are likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Unitil Corporation posted weaker-than-expected earnings but maintains a disciplined approach to cost management.
Despite weaker-than-expected earnings, the company's disciplined approach to cost management could help improve its financial performance in the future.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Pure Cycle Corporation has appointed a new CFO, Marc Spezialy, who brings over 19 years of accounting and finance experience.
The appointment of a new CFO with significant experience could lead to improved financial management and potentially positive impacts on the company's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100