Against the current: Markets slid, yet New Fortress Energy Inc., Public Service Enterprise Group Inc, Entergy Corp went up and made this list of yesterday's top utilities stocks gainers.
Leading equity indices in the US declined as after dropping 2.5%, S&P 500 closed at 3,759.69. Nasdaq closed at 10,525, a 3.36% change.
While price action maintains a negative bias, United States Interest Rate released yesterday at 18:00 UTC with a figure of four, while the previous figure was 3.25.
Even though markets fell yesterday, some utilities stocks managed to go up. Have a look at these top gainers.
Entergy | +0.41% at $108.76
Entergy ended Tuesday at $108.32. yesterday it went up to $111.16 only to drop back, yet still managed to close at $108.76.
New Fortress Energy | +1.06% at $55.08
New Fortress Energy is now trading 172.91% above the significant low ($19.97) it slumped to 9 months ago. The company's market cap is $11.43 billion with an average daily volume of 1 million shares.
New Fortress Energy is scheduled to announce earnings results Tuesday. The consensus EPS estimate is 0.77 and the consensus revenue estimate is $618.64 million.
PSEG | +0.5% at $56.61
An influx of buyers helped Public Service Enterprise Group to end the session higher around $56.61, while establishing a $56.06 to $57.78 session range yesterday.
The company released its quarterly earnings Monday, beating analysts estimates. The company reported earnings of 0.86 per share on revenue of $2.27 billion, topping estimates of 0.84 per share on revenue of $2 billion. Since the release of its earnings report, Public Service Enterprise Group lost 1.43%.