Core Insights - The utilities sector is experiencing a trend of oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Company Summaries - UGI Corp (NYSE: UGI): - Reported weaker-than-expected third-quarter sales on August 6, leading to a stock decline of approximately 7% over the past month, with a 52-week low of $23.14 - RSI Value is 29.7, indicating it is nearing oversold territory - Recent price action shows shares fell 0.6% to close at $32.64 on Thursday - Momentum score is 67.37 with a value score of 69.98 [4] - Algonquin Power & Utilities Corp (NYSE: AQN): - Posted in-line quarterly earnings on August 8, with CEO Rod West expressing confidence in the company's strategic goals and long-term growth - The stock also fell around 7% over the past month, with a 52-week low of $4.19 - RSI Value is 16.5, indicating it is significantly oversold - Recent price action shows shares slipped 0.7% to close at $5.37 on Thursday [4]
Top 2 Utilities Stocks That May Rocket Higher In Q3