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June 21, 2023
Against the current: Markets slid, yet Centrais Elétricas Brasileiras S.A. – Eletrobrás, Algonquin Power & Utilities Corp., Companhia Paranaense de Energia – COPEL went up and made this list of yesterday's top utilities stocks gainers.
Leading equity indices in the US declined as Dow Jones was down 0.72% before closing the session at 34,054. S&P 500 shed 0.47% and closed at 4,388.71.
Amid the market gloom, United States Building Permits (May) released yesterday at 12:30 UTC with a figure of 1.49 million, while the previous figure was 1.15 million.
Despite markets falling yesterday, some utilities stocks managed to post gains. Have a look at these Top Gainers.
Companhia Paranaense de Energia | Closed +1.12% at $8.13
The past 3 months have been positive for the Brazilian electric utility company as it added 29.68% compared to its 3-month low of $5.79. So far this year, it has been under-performing the Nasdaq by 2.51%. Companhia Paranaense de Energia is currently trading with a market cap of $22.25 billion with an average daily trading volume of 416,279 shares. Companhia Paranaense de Energia last reported revenue of $5.53 billion with an EPS of 5 cents.
+2.12%: Centrais Electricas Brasileiras gains 2.12% within $8.11 to $8.24 daily range
Pronounced bullish sentiment in the market helped the hydroelectric power generation company to make a notable 2.12% gain yesterday, rising 18 cents and ultimately closing at $8.18. The hydroelectric power generation company's market cap currently stands at $18.87 billion with an average daily volume of 1.49 million shares. So far this year, it has been doing worse than the Nasdaq by 11.14%.
Centrais Electricas Brasileiras trades at $8.18 ahead of quarterly performance report which is scheduled to be released Monday.
+1.31%: Algonquin Power & Utilities levels up 1.31% in yesterday's session; traders eye opening bell in 2 hours time
Algonquin Power & Utilities ended Monday at $8.41. yesterday it went up to $8.54 only to drop back, yet still managed to close at $8.52. Algonquin Power & Utilities's market cap is currently $5.87 billion with an average daily volume of 4.33 million shares. So far this year, it has been outperforming the Nasdaq by 3.08%.
