What happened Shares in electricity and natural gas retailer Just Energy Group(NYSE: JE)were down 15% as of 1:25 p.m. EST Tuesday. The Canadian company also services 10 U.S. states including Texas, and the energy sectordisruption caused by a severe winter storm and freezing temperatures has directly impacted the company.
Full Answer
Will energy stocks keep dropping?
Feb 16, 2021 · What happened. Shares in electricity and natural gas retailer Just Energy Group were down 15% as of 1:25 p.m. EST Tuesday. The Canadian company also services 10 U.S. states including Texas, and ...
What are the best energy stocks to invest in?
Sep 29, 2020 · Shares of Just Energy Group ( JE -1.60% ) dropped 30% early in today's session, and remained down 29% as of 11 a.m. EDT. The drop follows a spike in shares earlier this month when it announced its ...
Why the energy stock selloff may be overdone?
Nov 12, 2020 · Shares of energy solutions company Just Energy Group ( JE 3.78% ) sank 16% today as of 2:00 p.m. EST. The company reported its quarterly results this morning after a tumultuous fiscal 2021 second ...
Why are all the energy stocks going up?
Feb 22, 2021 · Here's Why Just Energy Group Stock Dropped Today. Why Just Energy Group Stock Surged 43.7% in January. Just Energy Group Inc (JE) Q2 2021 Earnings Call Transcript.
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Why has just energy stock dropped?
Shares of Canadian electricity and natural gas retailer Just Energy Group (NYSE: JE) are continuing to be impacted by the severe winter storm in Texas and related power grid breakdown. As of 11:25 a.m. EST, shares of Just Energy were down 30% compared to Friday's close.
What happened to Just Energy?
Bankruptcy. In March 2021, after the Texas power crisis caused crushing losses, the company sought court protection and bankruptcy.
Is just energy a good stock to buy?
Just Energy Group has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Is just energy still in business?
Currently operating in the United States and Canada, Just Energy serves residential and commercial customers.
Who is Just Energy owned by?
Just Energy acquired Commerce Energy in 2009 and operates in California, Georgia, Ohio, Michigan, Illinois, New York, Delaware, New Jersey, Pennsylvania and Maryland.
Who owns Hudson?
Just EnergyHudson Energy was acquired by Just Energy for $304 million (USD).
Why did just energy stock go up?
Shares of Just Energy Group ( JE -3.16% ) rose 43.7% in January, according to data from S&P Global Market Intelligence. The stock likely benefited from the short-squeeze mania kicked off by explosive gains for GameStop, AMC Entertainment, and a handful of other heavily shorted companies.Feb 6, 2021
Will Just Energy stock rise?
Given the current short-term trend, the stock is expected to rise 5.83% during the next 3 months and, with a 90% probability hold a price between $0.96 and $1.15 at the end of this 3-month period.
Is Amigo Energy and Just Energy the same company?
Founded in 2003, Amigo Energy is an electric utility seller in Texas. Amigo Energy is a subsidiary of Just Energy Group Inc., a publicly traded company (TSX:JE) with 1.8 million active customers across North America.
Where is Just Energy from?
Just Energy (TSX & NYSE: JE), headquartered in Mississauga, Ontario, and Houston, Texas, is an energy retailer that currently has annual sales of around $3,8 billion as of 2019.
The energy solutions company announced the completion of its recapitalization plan, including items investors don't like
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Shares of Just Energy Group ( OTC:JE) dropped 30% early in today's session, and remained down 29% as of 11 a.m. EDT. The drop follows a spike in shares earlier this month when it announced its recapitalization plan was close to being finalized.
So what
The retail energy provider, which operates separately from public electric utilities, confirmed today that it finalized its previously announced restructuring plan, and reconstituted its board of directors and some executive management positions.
Now what
The financial restructuring was cheered by investors as it neared finalization. The plan "strengthens and de-risks the business and positions Just Energy for sustainable growth as an independent industry leader," according to the company.
The retail energy provider's second fiscal-quarter results didn't impress investors
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Shares of energy solutions company Just Energy Group ( OTC:JE) sank 16% today as of 2:00 p.m. EST. The company reported its quarterly results this morning after a tumultuous fiscal 2021 second quarter.
So what
Today, the company announced its base earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 33% compared to the prior-year period.
Now what
But the plan to de-risk the business and ready it for future growth also included the implementation of a 1-for-33 reverse-stock split and the exchange of debt and preferred shares into common stock.
Where did Howard Howard grow up?
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
When will Just Energy file its financial statements?
Just Energy now says it won't be able to file its financial statements and executive reporting documents until Feb. 26. It said it can't determine the financial impacts at this time due to problems obtaining "accurate information regarding customers' usage from the applicable utilities."
What happened
Two months ago, shares of Just Energy (NYSE: JE) were just jumping out of the box, soaring on news of a "strategic review" that got investors hoping that a sale of the company was in progress.
So what
So what did Just Energy have to say in its earnings report last night?
Now what
And then there's the worst news of all: "As part of the strategic review the Board of Directors has decided to suspend its common share dividend until further notice."
What happened
Two months ago, shares of Just Energy ( OTC:JE) were just jumping out of the box, soaring on news of a "strategic review" that got investors hoping that a sale of the company was in progress.
So what
So what did Just Energy have to say in its earnings report last night?
Now what
And then there's the worst news of all: "As part of the strategic review the Board of Directors has decided to suspend its common share dividend until further notice."
Oil
The price of oil fell below a significant technical uptrend on June 15. It puts the commodity at risk of declining $61.20.
Exxon
Exxon finished trading on June 15 sitting around a critical support level of $80.80, with the stock closing the week at $80.66. Additionally, volume levels spiked on the sell-off on June 15 as well, a sign that sellers were numerous.
Valero
Valero's stock has fallen below a critical uptrend, and that would suggest shares may be on a course to fall to technical support at roughly $100, a drop of about 13 percent from its current price around $115.
Conoco
Conoco like Exxon fell on heavy trading volume on June 15. The stock is also resting right above a critical technical support level at $64.65. The crucial next level of support comes again at $60.20, a decline of about 8 percent from its current price of roughly $65.35.
