NEW YORK, March 3, 2017 /PRNewswire/ --
Companies in the Electric Utilities industry are engaged in electricity generation, as well as the distribution and sale of electricity in regulated markets. These include investor-owned, publicly owned, cooperatives, and nationalized entities. Ahead of today's trading session, Stock-Callers.com tracks the performances of the following four equities: The AES Corp. (NYSE: AES), The Southern Co. (NYSE: SO), Companhia Energetica de Minas Gerais S.A. (NYSE: CIG), and PPL Corp. (NYSE: PPL). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
On Thursday, shares in Virginia headquartered The AES Corp. recorded a trading volume of 6.78 million shares, which was above their three months average volume of 5.42 million shares. The stock ended at $11.63, climbing 2.47% from the last trading session. The Company's shares have gained 1.66% in the last one month and 1.15% since the start of this year. The stock is trading above its 50-day moving average by 1.09%. Furthermore, shares of AES, which operates as a diversified power generation and utility company, have a Relative Strength Index (RSI) of 52.13.
On February 28th, 2017, AES Energy Storage, a subsidiary of The AES Corp., showcased two new Advancion® battery-based energy storage sites, totaling 37.5 megawatts (MW), in partnership with San Diego Gas & Electric (SDG&E). One of the sites - located at a SDG&E substation in Escondido, California - hosts a 30 MW, four-hour duration energy storage project, representing the world's largest lithium ion battery-based energy storage installation, 50% larger than the next largest installation. Visit us today and access our complete research report on AES at:
Georgia headquartered The Southern Co.'s stock finished the session 0.52% higher at $50.32. A total volume of 5.34 million shares was traded, which was above their three months average volume of 4.67 million shares. The Company's shares have gained 2.99% in the last one month, 5.38% over the previous three months, and 3.50% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.60% and 2.02%, respectively. Furthermore, shares of Southern, which together with its subsidiaries, engages in the generation, transmission, and distribution of electricity, have an RSI of 61.70.
On February 28th, 2017, Southern Nuclear, a subsidiary of Southern Corp., announced that unit 2 of the Edwin I. Hatch Electric Generating Plant near Baxley, Georgia, has safely resumed generating electricity following completion of a scheduled refueling and maintenance outage, setting a record of just 21 days and two hours for both the plant and the Southern Nuclear fleet. The Company noted that Plant operators safely took the unit offline February 06th, 2017 at midnight ET. The complimentary report on SO can be downloaded at:
Companhia Energetica de Minas Gerais
At the closing bell yesterday, shares in Brazil headquartered Companhia Energetica de Minas Gerais S.A. saw a drop of 2.35%, ending the day at $3.32. The stock recorded a trading volume of 4.59 million shares. The Company's shares have advanced 16.90% in the last one month, 49.01% over the previous three months, and 45.61% on an YTD basis. The stock is trading 22.31% above its 50-day moving average and 37.42% above its 200-day moving average. Moreover, shares of the Company, which through its subsidiaries, engages in the generation, transmission, distribution, and trading of electric energy in Brazil, have an RSI of 62.48.
On January 20th, 2017, the Company's affiliate, Renova Energia S.A., published a material announcement with the following content: "Further to its Material Announcement of January 12th, 2017, and in accordance with CVM Instruction 358/2002 as amended, Renova Energia S.A. hereby informs its stockholders and the market in general as follows: A meeting of the Board of Directors on today's date approved acceptance of the binding offer sent by AES Tietê Energia S.A. for acquisition of the Alto Sertão II complex." Register for free on Stock-Callers.com and access the latest research report on CIG at:
Pennsylvania headquartered PPL Corp.'s stock ended the day 0.30% higher at $36.84 with a total trading volume of 2.65 million shares. The Company's shares have gained 5.74% in the last month, 9.00% over the previous three months, and 8.19% on an YTD basis. The stock is trading 5.41% above its 50-day moving average and 5.34% above its 200-day moving average. Additionally, shares of PPL Corp., which delivers electricity and natural gas in the US and the UK, have an RSI of 70.13.
On February 01st, 2017, PPL announced full year 2016 reported earnings (GAAP) of $1.9 billion, or $2.79 per share, compared with $682 million, or $1.01 per share, in full year 2015. The Company reaffirmed its full year 2017 earnings forecast of $2.05 to $2.25 per share. Get free access to your research report on PPL at:
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