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Benzinga
139 days

Top 3 Utilities Stocks That May Rocket Higher This Quarter

1. Utilities sector has oversold stocks, presenting buying opportunities. 2. Sunnova Energy's shares fell 44% recently with an RSI of 26.3. 3. Cadiz Inc's stock dropped 28% after a $20M equity offering. 4. Spruce Power reported lower quarterly losses, but stock fell 20% over five days. 5. RSI under 30 indicates potential rebound for the mentioned utilities stocks.

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FAQ

Why Bullish?

The oversold conditions suggest a rebound potential, similar to past recoveries in utility stocks post-correction.

How important is it?

The overall assessment of oversold utility stocks can drive short-term investment decisions in S&P 500 constituents.

Why Short Term?

Quick rebounds in utility stocks following oversold signals can be common, but depend on market conditions.

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