Top 2 Utilities Stocks That Could Blast Off This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights two oversold utility stocks, VivoPower International (VVPR) and Alternus Clean Energy (ALCE), which present potential buying opportunities. Both companies have experienced significant stock price declines and have RSI values indicating oversold conditions.
September 30, 2024 | 12:32 pm
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POSITIVE IMPACT
VivoPower International's stock has fallen significantly, with a 42% decline over the past month and an RSI of 28.40, indicating oversold conditions. The recent merger announcement with Future Automotive Solutions and Technologies could impact its stock price.
The stock's RSI below 30 suggests it is oversold, potentially leading to a price rebound. The merger announcement could also positively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Alternus Clean Energy's stock has dropped 27% in the past month, with an RSI of 25.93, indicating oversold conditions. The termination of a major agreement and ongoing strategic initiatives could affect its stock price.
The RSI suggests oversold conditions, but the termination of a major agreement may offset potential gains. Ongoing strategic initiatives could stabilize or improve the stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75