Why Middlesex Water Stock Exploded Higher on Monday

Investors in New Jersey water utility stock Middlesex Water (MSEX 14.66%) woke up to some dramatically good news on Monday morning: a 12.8% gain in share price (through 10:25 a.m. ET) after earnings came out over the weekend.As The Fly reports, Middlesex reported its Q4 earnings after trading already closed for the day Friday, meaning today is the first chance investors have to trade on the news. And they're wasting no time doing just that: Middlesex was expected to earn only $0.37 per share for the quarter ...