Markets were flat yesterday, yet Algonquin Power & Utilities Corp., Ormat Technologies, Inc., Brookfield Renewable Corporation showed impressive gains and made this list of top gainers.
Markets did not have a clear cut direction — Nasdaq closed 12,072 after a stable day. Dow Jones closed at 33,800 after a flat day.
Current market events are being influenced by ambiguous macro data as United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5.
Despite yesterday's flat session, several utilities stocks are managing to post notable gains. Take a look at the market's Top Gainers:
Algonquin Power & Utilities | Up 3.09% to $8.35 yesterday
Pronounced bullish sentiment in the market helped the Canadian renewable energy provider to make a notable 3.09% gain yesterday, rising 25 cents and ultimately closing at $8.35.
+1.95%: Brookfield Renewable Corporation posts solid session with 1.95% gain; upside capped at $34.06
The renewable power company ended Thursday's session at $33.3, spiked up to $34.06 and closed at $33.95 — gaining 1.95% yesterday. The hydroelectric power generation company's market cap currently stands at $5.85 billion with an average daily trading volume of 571,268 shares.
Ormat Technologies, Inc. | Up 1.98% to $87.16 yesterday
Having soared to a high of $100.93 approximately 5 months ago, the renewable geothermal energy technology developer is now trading 15.32% lower. Ormat Technologies, Inc.'s market cap currently stands at $5.20 billion with an average daily volume of 560,527 shares. Ormat Technologies, Inc.'s last revenue report was $205.49 million with an EPS of 73 cents.