Top 2 Utilities Stocks That May Jump This Month
Portfolio Pulse from Avi Kapoor
The article highlights two oversold utility stocks, Sunnova Energy International Inc (NOVA) and VivoPower International PLC (VVPR), which may present buying opportunities. NOVA has been rated a Buy by Jefferies with a price target of $15, while VVPR has entered a significant agreement in the Philippines' jeepney market.
October 14, 2024 | 11:51 am
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POSITIVE IMPACT
Sunnova Energy International Inc (NOVA) is considered oversold with an RSI of 29.94. Jefferies initiated coverage with a Buy rating and a $15 price target. The stock has fallen 43% in the past month.
NOVA is oversold with an RSI below 30, indicating potential for a rebound. The Buy rating and price target from Jefferies suggest positive sentiment and potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
VivoPower International PLC (VVPR) is oversold with an RSI of 28.53. The company announced a significant agreement with Sarao Motors in the Philippines' jeepney market. The stock has fallen 59% in the past month.
VVPR's oversold status and new partnership in a large market could lead to a positive price movement. The agreement with Sarao Motors is a strategic move that may boost investor confidence.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85