Top 2 Utilities Stocks That May Fall Off A Cliff In Q1
Portfolio Pulse from Avi Kapoor
As of March 6, 2024, Vistra Corp. (VST) and Constellation Energy Corporation (CEG) in the utilities sector are considered overbought with RSI values of 92.47 and 83.66, respectively. Vistra announced FY23 results and a $1.5 billion share buyback program, while Constellation reported strong Q4 revenue. VST's stock rose 18% over five days, and CEG's stock increased 35% over the past month.
March 06, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Constellation Energy reported better-than-expected Q4 revenue, with its stock gaining around 35% over the past month.
The positive Q4 revenue report is a strong indicator of performance, but the overbought condition with an RSI of 83.66 suggests there might be short-term price adjustments.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Vistra Corp. reported strong FY23 results and authorized an additional $1.5 billion for its share buyback program, with its stock rising 18% over the past five days.
While the strong FY23 results and share buyback program are positive, the overbought status with an RSI of 92.47 could lead to short-term volatility or a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90