Against the current: Markets slid, yet Ormat Technologies, Inc., Korea Electric Power Corporation, New Fortress Energy Inc. went up and made this list of yesterday's top utilities stocks gainers.
Leading equity indices in the US declined as Nasdaq shed 0.66% and closed at 11,379. After dropping 0.47%, S&P 500 closed at 3,951.39.
On the other hand, positive data was released earlier when United States Crude Oil Inventories beat the 457,000 projections, with 1.17 million.
Despite markets falling yesterday, some utilities stocks managed to post gains. Have a look at these Top Gainers.
Korea Electric Power | Closed +1.81% at $6.75
Korea Electric Power Corporation spiked to $6.78 yesterday and consolidated before initiating a fresh rally to $6.75. This comes following Tuesday's session in which it closed at $6.63.
New Fortress Energy | Up 1.09% to $33.35 yesterday
The clean energy provider is now trading 34.28% below its 3-month high of $61.7. Currently, the clean energy provider has a market capitalization of $6.96 billion with an average daily volume of 1.78 million shares.
The company released its quarterly earnings Tuesday, beating analysts estimates. The company reported earnings of 0.87 per share on revenue of $731.93 million, topping estimates of 0.73 per share on revenue of $618.64 million. Since the release of its earnings report, New Fortress Energy lost 13.91%.
+3.88%: risk-on sentiment allowed Ormat Technologies, Inc. to post 3.88% gain yesterday
The renewable geothermal specialist gained 3.88% and stayed at $87.8 levels. The renewable geothermal energy technology developer's market cap currently stands at $4.92 billion with an average daily trading volume of 417,673 shares.