Against the current: Markets slid, yet Edison International, PG&E Corporation, Ormat Technologies, Inc. went up and made this list of Friday's top utilities stocks gainers.
Leading equity indices in the US declined as Nasdaq shed 1.69% and closed at 11,400. Dow Jones slipped 1.02% and closed at 32,817.
Despite markets falling Friday, some utilities stocks managed to post gains. Have a look at these Top Gainers.
+4.21%: Friday Edison International increased by 4.21%, ended the session at $68.63
After closing Friday at $68.63, the electricity company peaked at $68.89 before giving up early gains and closing at $68.63. The company has a market cap of $26.26 billion with an average daily trading volume of 1.83 million shares. So far this year, it has performed better than the S&P 500 by 3.43%.
Edison International released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.14 per share on revenue of $4 billion, topping estimates of 1.08 per share on revenue of $3 billion. Since the release of its earnings report, Edison International gained 3.67%.
+3.27%: Pacific Gas & Electric is up to $15.9 (+0.76%) in pre-market trading after closing Friday's session at $15.78
Pacific Gas & Electric rallied 3.27% and ended the session at $15.78. Pacific Gas & Electric has a market cap of $35.95 billion with an average daily volume of 12.81 million shares.
The company reported earnings of 0.26 per share Thursday, falling short of expectations of 0.28. Revenue was also lower than expected at $5.37 billion versus $5.50 billion. Although earnings did not match projections, Pacific Gas & Electric gained 1.68% since the release of its earnings report.
Ormat Technologies, Inc. | Closed +1.31% at $83.52
The renewable geothermal specialist has fallen back around 18.32% over the past 3 months, from a notable high of $100.93. Ormat Technologies, Inc.'s market cap is currently $4.68 billion with an average daily trading volume of 386,685 shares.
Ormat Technologies, Inc. released its quarterly earnings Wednesday, beating analysts estimates. The company reported earnings of 0.73 per share on revenue of $205.49 million, topping estimates of 0.48 per share on revenue of $199.33 million. Since the release of its earnings report, Ormat Technologies, Inc. lost 6.24%.