Top 2 Utilities Stocks That May Fall Off A Cliff
Portfolio Pulse from Lisa Levin
Vistra Corp. (VST) and Consolidated Water Co. Ltd. (CWCO) are identified as the most overbought stocks in the utilities sector, indicating they may be overvalued. VST recently priced private offerings of $1.75 billion in notes and CWCO reported a 110% YoY increase in Q2 2023 revenue to $44.2 million.
September 13, 2023 | 11:31 am
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Consolidated Water Co. Ltd. (CWCO) is overbought with an RSI of 75.48, indicating it may be overvalued. The company reported a 110% YoY increase in Q2 2023 revenue.
Consolidated Water Co. Ltd. (CWCO) is considered overbought with an RSI of 75.48, which is above the typical threshold of 70. This suggests the stock may be overvalued and could experience a price correction in the short term. The company's strong Q2 2023 revenue growth could also impact its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Vistra Corp. (VST) is overbought with an RSI of 76.32, indicating it may be overvalued. The company recently priced $1.75 billion in notes.
Vistra Corp. (VST) is considered overbought with an RSI of 76.32, which is above the typical threshold of 70. This suggests the stock may be overvalued and could experience a price correction in the short term. The company's recent pricing of $1.75 billion in notes could also impact its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100