Top 3 Utilities Stocks Which Could Rescue Your Portfolio This Quarter

Author: Lisa Levin | July 11, 2023 07:50am

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Avista Corporation (NYSE:AVA)

Guggenheim recently maintained Avista with a Sell and lowered the price target from $35 to $33. The company’s stock has a 52-week low of $35.72 .
RSI Value: 29.39
AVA Price Action: Shares of Avista fell 1.2% to close at $36.90 on Monday.

SJW Group (NYSE:SJW)

UBS, last month, downgraded SJW from Buy to Neutral and lowered the price target from $85 to $78. It has a 52-week low of $57.51.
RSI Value: 29.10
SJW Price Action: Shares of SJW Group fell 0.2% to close at $66.60 on Monday.

Via Renewables, Inc. (NASDAQ:VIA)

Via Renewables posted a loss for the first quarter. "We are pleased with the strong first quarter results despite some milder than normal weather as commodity prices continued their path downward from the fourth quarter. We were able to grow our customer base organically and have expanded to an additional deregulated state that we currently operate in, bringing the total to 20," said Keith Maxwell, Via Renewables' President and Chief Executive Officer. The company’s stock has a 52-week low of $6.37.
RSI Value: 23.43
VIA Price Action: Shares of Via Renewables rose 0.6% to close at $6.62 on Monday.

Posted In: AVA SJW VIA