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.
Full Answer
Will energy stocks keep dropping?
Since recovering a recent peak price of $48 a pound a week ago, the value of yellowcake uranium has been falling steadily, dropping ... stocks today. 10 stocks we like better than Uranium Energy ...
What are the best energy stocks to invest in?
The following three solar energy stocks, are worthy of consideration:
- First Solar: Manufactures thin-film solar panels
- Brookfield Renewable: Operates solar-energy-generating facilities, wind farms, and hydroelectric power plants
- SolarEdge Technologies: Manufactures power optimizers for solar panels
Why the energy stock selloff may be overdone?
Why the Selloff in Pengrowth Energy Shares May Have Been Overdone Shares of the Canadian oil and gas producer have plummeted following weakness in crude oil prices, but they could turn around ...
Why are all the energy stocks going up?
Normally when a market is flying around, big, sudden jumps up don’t signify that the chaos is over. They are just another sign of continued volatility. This case, though, is a bit different. Big oil stocks had the “advantage” of having a lot of the demand problems priced in.
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?
March 2021, Just Energy is being investigated into possible securities fraud. NYSE Regulation had proceeded to delist its shares from the NYSE as Just Energy is proceeding to go under Chapter 15 of the Bankruptcy Code in the US.
Is Just Energy a good stock to buy?
The 1 analysts offering 12-month price forecasts for Just Energy Group Inc have a median target of 1.38, with a high estimate of 1.38 and a low estimate of 1.38. The median estimate represents a +542.93% increase from the last price of 0.22.
Can Just Energy recover?
Dec 9 (Reuters) - Ontario-based electricity and gas provider Just Energy Group Inc (JE. V) said on Thursday it expects to recover about $147.5 million in costs from the Electric Reliability Council of Texas (ERCOT) related to a deep freeze in the state in February.
Is just energy still in business?
Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass.
Is just energy a real company?
Just Energy is an electric and natural gas provider that serves residential and commercial customers. The company specializes in energy efficiency solutions. Just Energy has a limited service area — in the U.S., it offers services in: California.
Is Amigo Energy and Just Energy the same company?
ABOUT JUST ENERGY Just Energy is the parent company of Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. Visit https://investors.justenergy.com/ to learn more.
Does JE stock pay dividends?
On August 14, 2019, Just Energy's Board of Directors announced the suspension of its dividend for common shares.
How do I buy just energy stock?
How to buy shares in Just Energy GroupCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
What is the best energy stock to buy?
6 Best Energy Stocks to BuyExxon Mobil Corporation (NYSE: XOM) Exxon Mobil had a tough run in 2020, but has been in a strong recovery since November. ... FuelCell Energy, Inc. (NASDAQ: FCEL) ... Chevron Corporate (NYSE: CVX) ... NextEra Energy Inc (NYSE: NEE) ... Kinder Morgan (NYSE: KMI) ... ConocoPhillips (NYSE: COP)
What stocks will go up in 2022?
If you're looking to buy stock in 2022, here's what you need to know.Top 10 Stocks To Consider in 2022. ... Stocks With Growth Potential for 2022. ... Lithia Motors Inc. ... Travel + Leisure Co. ... Mueller Industries Inc. ... First BanCorp (FBP) ... Herc Holdings Inc. ... High-Performing Stocks.More items...
Will oil stocks go up 2022?
Oil and gas prices are rising wildly in 2022, and they're unlikely to stop anytime soon. These high levels should bode well for these top energy stocks. It's been quite a year for energy stocks.
The Canadian-based electricity and natural gas retailer had to delay financial filings due to impacts from the severe winter storm in Texas
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 in electricity and natural gas retailer Just Energy Group ( OTC: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 sector disruption caused by a severe winter storm and freezing temperatures has directly impacted the company.
So what
Just Energy announced today that due to the storm-related disruptions, it will need to delay filing financial statements as well as other required reporting documents that were due Tuesday, Feb. 16. The company also said it had established a trading blackout of company shares for its directors and officers until the required documents are filed.
Now what
Just Energy said the weather event "may result in a positive or negative financial impact to the company, which could be substantial." Investors appear to believe the impact will be negative as it has to purchase power at temporarily high rates to fulfill its customer obligations.
What happened
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.
So what
Last week, the company said it would delay filing its financial statements due to unknown impacts from the Texas weather event. Just Energy services 10 U.S. states including Texas. The company said in a statement last week that the Texas situation "may result in a positive or negative financial impact to the company, which could be substantial."
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.
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."
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."
Now what
Plus, there's more than a fleeting possibility that Clean Energy stock will go up some more. After all, as Clean Energy explained on Monday, its five-year contract with L.A. Metro contains an option for the transit agency to extend the contract's duration for another three years. That's one future catalyst.
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