Algonquin Power & Utilities is yesterday's top mover after declining 2%
Leading equity indices in the US declined as Nasdaq lost 0.59% and ended the session at 10,984. After dropping 0.16%, S&P 500 closed at 3,957.63.
Today's price action is taking place amid mixed market indicators – United States GDP came out at 2.9, better than analyst estimates of 2.7 and improving upon the previous reading of 2.6.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with 's most active utilities stocks listed below.
Centrais Electricas Brasileiras | +3.29% at $8.8
Centrais Elétricas Brasileiras S.A. – Eletrobrás continues an 8 day uptrend, gaining a total of 9.86%. On-trend Centrais Electricas Brasileiras closed the session yesterday with more of the same: after finishing Monday at $8.52, the Brazilian electric utilities company went up by 3.29% yesterday and remained at the $8.8 level. Yesterday's trading volume was 1.27 million shares which is below the 21-day average of 2.57 million.
Korea Electric Power | +2.53% at $7.71
Korea Electric Power continues a 5 day surge, reaping a total of 6.34%. Korea Electric Power lived up to expectations yesterday by maintaining its set course — an influx of buyers helped South Korea's largest electric utility company to end the session higher around $7.71, while establishing a $7.6 to $7.71 session range yesterday.
Algonquin Power & Utilities | Currently down 2% at $7.3
Having set a significant high of $16 a day ago, the Canadian renewable energy provider is trading 2.05% lower. So far in 2022, it has been doing worse than the Nasdaq by 4.74%. The company has a market cap of $4.99 billion with an average daily volume of 7 million shares. Algonquin Power & Utilities expected revenue of $594.76 million with an EPS of 16 cents.