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March 17, 2023
Against the current: Markets are down, yet Korea Electric Power Corporation, Algonquin Power & Utilities Corp., Brookfield Renewable Corporation go up and make this list of top gainers.
The leading indices are dropping — Dow Jones drawing back 1.24% to 31,848. S&P 500 trades at 3,917.42 after losing 1.08%.
Markets are falling this session, but some utilities stocks are registering gains. Take a look at today's positive market movers.
+0.41%: after ending the last session at $30.86, Brookfield Renewable Corporation rises to $31 (up 0.41%)
After closing the previous trading day at $30.86, Brookfield Renewable Corporation is up to $31, which makes for a move of 0.41%/14 cents today. The renewable power company's market cap currently stands at $5.34 billion with an average daily trading volume of 682,707 shares.
Korea Electric Power | +3.35% in mid-session
The current year has not been the best for the South Korean electric utility provider as it lost 14% from its highest point of $10.18. So far this year, it has been under-performing the Nasdaq by 20.86%. Korea Electric Power is currently trading with a market cap of $8.71 billion with an average daily volume of 211,121 shares.
Algonquin Power & Utilities gains 2.74% ahead of the quarterly earnings report set for today
After closing the previous trading day at $7.67, Algonquin Power & Utilities is up to $7.88, which makes for a move of 2.74%/21 cents today. Currently, the Canadian regulated utility conglomerate has a market capitalization of $5.39 billion with an average daily trading volume of 4.29 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 4.64%.
Algonquin Power & Utilities is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 0.19 and the consensus revenue estimate is $594.76 million.
