Top 3 Utilities Stocks That May Explode This Quarter
Portfolio Pulse from Lisa Levin
The article lists the top 3 oversold stocks in the utilities sector, which are Middlesex Water Company (MSEX), The AES Corporation (AES), and Pure Cycle Corporation (PCYO). These companies have an RSI value below 30, indicating they may be undervalued. MSEX and AES reported disappointing quarterly results, while PCYO announced the appointment of a new CFO.
September 13, 2023 | 12:51 pm
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NEUTRAL IMPACT
Pure Cycle Corporation announced the appointment of a new CFO. Its stock fell 1.1% to close at $10.37 on Tuesday.
The appointment of a new CFO could bring changes to the company, but it's unclear how this will impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
The AES Corporation reported weaker-than-expected Q2 earnings but is making progress on strategic priorities. Its stock fell 1.2% to close at $17.03 on Tuesday.
Despite progress on strategic priorities, the company's weaker-than-expected Q2 earnings could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Middlesex Water Company reported disappointing quarterly results and is undergoing significant transition. Its stock fell 0.7% to close at $71.89 on Tuesday.
The company's disappointing quarterly results and ongoing transition could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100