Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Lisa Levin
The article discusses two energy stocks, Enviva Inc. (NYSE:EVA) and Granite Ridge Resources, Inc. (NYSE:GRNT), which are considered oversold with their RSI values below 30. Enviva posted weaker-than-expected Q2 results and its shares fell 5.8% to close at $6.47. Granite Ridge Resources priced its secondary public offering of 7.1 million shares at $5 per share and its shares rose 0.7% to close at $5.79.
September 19, 2023 | 10:59 am
News sentiment analysis
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NEGATIVE IMPACT
Enviva's weaker-than-expected Q2 results and a drop in its share price indicate potential short-term negative impact.
Enviva's weaker-than-expected Q2 results and a drop in its share price suggest that the company is currently underperforming, which could negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Granite Ridge Resources' secondary public offering and a slight increase in its share price indicate potential short-term positive impact.
Granite Ridge Resources' secondary public offering and a slight increase in its share price suggest that the company is currently performing well, which could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100