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February 28, 2023
Against the current: Markets slid, yet American Water Works Company Inc, Ormat Technologies, Inc., Hawaiian Electric Industries, Inc. went up and made this list of today's top utilities stocks gainers.
Leading equity indices in the US declined as Dow Jones shed 0.71% and closed at 32,657. S&P 500 lost 0.3% and ended the session at 3,970.
This downslide might be related to financial indicators data published earlier as United States Consumer Confidence fell short of the 108.5 projections, with new data of 102.9.
Even though markets fell today, some utilities stocks were bullish. Have a look at these Top Gainers from today's session:
After five days of drops, American Water goes up 0.43% today, but drops in after-hours trading
After ending yesterday at $139.78, American Water Works Company Inc went up to $141.85 only to drop back, yet still traded well overall and closed at $140.38 today. The company's market cap currently stands at $25.53 billion with an average daily trading volume of 1 million shares. So far this year, it has been under-performing the S&P by 13.26%.
Hawaiian Electric | Ended today's session at $40.45
Hawaiian Electric hit a significant low of $33.7 around 4 months ago, but has since recovered 19.91%. Hawaiian Electric's market cap currently stands at $4.43 billion with an average daily volume of 406,505 shares.
Ormat Technologies, Inc. | Ended today's session at $84.52
The renewable geothermal specialist reached a significant high of $100.93 around 3 months ago but has lost 16.39% since then. Ormat Technologies, Inc. has a market cap of $4.74 billion with an average daily trading volume of 385,299 shares.
The company 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 5.12%.
