Latest news with #utilities
News.com.au
6 hours ago
- Business
- News.com.au
Closing Bell: ASX arrests slide to fall just 0.2pc as utilities sector leads recovery
ASX pulls back from 0.55pc slide to dip 0.21pc Utilities leads recovery, up 0.74pc ASX All Ord Gold index climbs 0.62pc ASX pulls out of tailspin to make up ground While the ASX closed lower today, down 0.21%, it was looking a lot worse around lunchtime, when the bourse was 0.55% in the red. The market managed to put the breaks on its slide, with the utilities (+0.74%) sector in particular providing support, followed by industrials, health care and info tech. Standouts in those sectors included Dimerix (ASX:DXB) up 9.8%, ZIP Co (ASX:ZIP) adding 5.9%, Droneshields (ASX:DRO) up 5.6% and Fluence Corporation (ASX:FLC) jumping 13.8%. The ASX All Ord Gold index (+0.62%) also put in some work, alongside the Small Ords (+0.19%). The ASX lost 0.49% over the last five trading days, now sitting 1.55% off its 52-week high. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap PV1 Provaris Energy Ltd 0.015 50% 3831208 $6,980,013 E79 E79Goldmineslimited 0.028 40% 2009033 $3,168,253 MOH Moho Resources 0.004 33% 5000 $2,236,242 RNX Renegade Exploration 0.004 33% 521227 $3,865,090 HAW Hawthorn Resources 0.068 28% 634353 $17,755,827 BMO Bastion Minerals 0.002 27% 22379119 $1,419,960 NSB Neuroscientific 0.078 26% 991242 $8,965,502 ALM Alma Metals Ltd 0.005 25% 807408 $6,345,381 AUK Aumake Limited 0.0025 25% 176755 $6,046,718 CUL Cullen Resources 0.005 25% 183700 $2,773,607 FIN FIN Resources Ltd 0.005 25% 100000 $2,779,554 GGE Grand Gulf Energy 0.0025 25% 1458526 $5,640,850 JAV Javelin Minerals Ltd 0.0025 25% 651325 $12,252,298 MEM Memphasys Ltd 0.005 25% 1004099 $7,934,392 HCL Highcom Ltd 0.295 23% 641196 $24,643,841 HAR Harangaresources 0.065 20% 4915026 $11,585,428 MCA Murray Cod Aust Ltd 1.045 20% 124393 $92,023,850 AJL AJ Lucas Group 0.006 20% 356600 $6,878,648 TON Triton Min Ltd 0.006 20% 2099975 $7,841,944 HIQ Hitiq Limited 0.02 18% 3191499 $6,885,382 BAS Bass Oil Ltd 0.027 17% 2429874 $7,345,899 AHN Athena Resources 0.007 17% 6103136 $13,595,742 BGE Bridgesaaslimited 0.014 17% 61111 $2,398,310 NAE New Age Exploration 0.0035 17% 50877 $8,117,734 PGY Pilot Energy Ltd 0.007 17% 4218242 $12,951,960 Making news… Hydrogen compression and shipping solution company Provaris Energy (ASX:PV1) has teamed up with global shipping leader 'K' LINE. K LINE, otherwise known as Kawasaki Kisen Kaisha, will provide technical, commercial and operation support, offering its extensive global shipping expertise as PV1 develops its hydrogen transport and storage model. PV1's main focus is the proprietary H2Neo Carrier and H2Leo Barge, which offer a combination of offshore compression, storage and shipping solutions for hydrogen gas transportation. Bastion Minerals (ASX:BMO) has tapped John Ribbons as company secretary, effective immediately. The appointment follows the resignation of Justin Clyne, who exits on good terms with the board and will make himself available during the transition. Ribbons will fill dual roles, as he already holds the position of chief financial officer for BMO as well. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap RPG Raptis Group Limited 0.044 -73% 2637660 $56,109,577 CT1 Constellation Tech 0.001 -50% 1542725 $2,949,467 BCB Bowen Coal Limited 0.18 -49% 2933425 $37,715,145 BEL Bentley Capital Ltd 0.008 -33% 7852 $913,535 ENT Enterprise Metals 0.002 -33% 2756 $3,543,952 FTC Fintech Chain Ltd 0.002 -33% 530785 $1,952,309 PKO Peako Limited 0.002 -33% 2925298 $4,463,226 RLC Reedy Lagoon Corp. 0.001 -33% 135000 $1,165,060 SHP South Harz Potash 0.002 -33% 310000 $3,308,186 ADD Adavale Resource Ltd 0.0015 -25% 186313 $4,574,558 AFA ASF Group Limited 0.003 -25% 79842 $3,169,590 ASR Asra Minerals Ltd 0.0015 -25% 577297 $7,983,396 EEL Enrg Elements Ltd 0.0015 -25% 16582818 $6,507,557 VFX Visionflex Group Ltd 0.0015 -25% 199999 $6,735,721 HPC Thehydration 0.01 -23% 4074374 $4,982,912 WEC White Energy Company 0.035 -20% 212 $13,711,276 EXT Excite Technology 0.008 -20% 2685646 $20,726,419 MTB Mount Burgess Mining 0.004 -20% 409514 $1,758,513 OEL Otto Energy Limited 0.004 -20% 3458960 $23,975,049 SKK Stakk Limited 0.004 -20% 5016 $10,375,398 VRC Volt Resources Ltd 0.004 -20% 1463043 $23,423,890 ODY Odyssey Gold Ltd 0.019 -17% 5122049 $20,674,036 GUL Gullewa Limited 0.068 -17% 420322 $17,877,818 HMG Hamelingoldlimited 0.069 -17% 66142 $16,340,625 AMS Atomos 0.005 -17% 1700232 $7,290,111 In the news... Bowen Coking Coal (ASX:BCB) has signalled it's considering placing the Burton Mine Complex operation into a temporary pause if an effort to transition the project to an owner-operator model is unsuccessful. The company is exploring a range of options to fund the transition plan and provide immediate liquidity, but the most recent Resources and Energy Quarterly forecasts falling demand for met coal as low emissions steel production gains pace. Atomos (ASX:AMS) has launched a new employee incentive plan, with over half of the company's roll to be offered defined annual bonuses linked to share price performance. AMS says the incentives are a way to recognise the contributions of staff who worked tirelessly on minimal salaries over the last few years, and aligns employee interests with those of shareholders. IN CASE YOU MISSED IT Pure Hydrogen Corporation (ASX:PH2) has completed the handover of a Taurus hydrogen fuel cell prime mover to Barwon Water, Victoria's largest regional urban water corporation. Legacy Minerals (ASX:LGM) has wrapped up its first drilling campaign at the Thomson project, intersecting wide zones of quartz-sulphide mineralisation. Cyclone Metals' (ASX:CLE) power study has highlighted potential to power the Iron Bear project entirely with renewable energy. TRADING HALTS AIC Mines (ASX:A1M) – cap raise betr Entertainment (ASX:BBT) – off-market takeover offer for PointsBet GBM Resources (ASX:GBZ) – cap raise and board changes Great Boulder Resources (ASX:GBR) – cap raise New Murchison Gold (ASX:NMG) – Crown Prince project approvals update Victory Metals (ASX:VTM) – strategic alliance and funding facility Zenith Minerals (ASX:ZNC) – resource update for Dulcie Far North gold project LAST ORDERS Hillgrove Resources (ASX:HGO) is ahead of schedule on development efforts at the Nugent underground, hitting the orebody at the Kanmantoo copper mine earlier than expected. It's the first development ore produced at the Nugent underground operation, marking an important milestone toward formal ore production.
Globe and Mail
18 hours ago
- Business
- Globe and Mail
Xcel Energy Stock: Is XEL Outperforming the Utilities Sector?
With a market cap of $39.8 billion, Xcel Energy Inc. (XEL) is a leading U.S. utility holding company that provides electricity and natural gas services through its regulated subsidiaries. The company generates electricity from a diverse mix of energy sources, including wind, solar, nuclear, coal, and hydro, and delivers clean energy solutions across eight states. Companies valued at more than $10 billion are generally considered 'large-cap' stocks, and Xcel Energy fits this criterion perfectly. In addition to utility services, Xcel Energy engages in natural gas pipeline development, renewable infrastructure procurement, and investments in non-regulated assets, with a strong focus on clean energy initiatives. Shares of the Minneapolis, Minnesota-based company have dipped 6.8% from its 52-week high of $73.38. Shares of Xcel Energy have fallen marginally over the past three months, underperforming the Utilities Select Sector SPDR Fund's (XLU) 5.8% gain during the same period. Longer term, the utility company's shares have gained 1.3% on a YTD basis, lagging behind XLU's 8.1% rise. However, XEL stock has returned 25.8% over the past 52 weeks, outperforming XLU's 16.7% increase over the same time frame. The stock has been trading above its 200-day moving average since late July last year. Shares of Xcel Energy fell 1.8% on Apr. 24 after the company reported Q1 2025 operating earnings of $0.84 per share, missing the consensus estimate and declining 4.5% year-over-year. Revenues also fell short of expectations at $3.9 billion, despite a 7.1% year-over-year increase. The earnings miss was driven by an 8.7% increase in operating expenses, including higher costs for operations and maintenance, depreciation, and interest. In comparison, Xcel Energy stock has underperformed its rival WEC Energy Group, Inc. (WEC), as WEC stock has returned 35.4% over the past 52 weeks and a 13.1% gain YTD. Due to the stock's outperformance relative to the sector over the past year, analysts are bullish with a consensus rating of "Strong Buy" from 16 analysts. As of writing, XEL is trading below the mean price target of $77.13.
Yahoo
21 hours ago
- Business
- Yahoo
CMS Energy Stock: Is CMS Outperforming the Utilities Sector?
With a market cap of $20.6 billion, CMS Energy Corporation (CMS) is an energy company operating primarily in Michigan. Based in Jackson, Michigan, the company operates through three segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. Companies worth $10 billion or more are generally labeled as 'large-cap' stocks, and CMS Energy fits this description perfectly. The company focuses on clean energy transition, investing in renewable energy sources and grid modernization to support a more sustainable and resilient energy future. OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? Unusual Call Options Activity in Marvell Technology Highlights the Value of MRVL Stock Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Shares of CMS Energy have dipped 10% from its 52-week high of $76.45. CMS stock has declined 6.4% over the past three months, underperforming the Utilities Select Sector SPDR Fund's (XLU) 2.4% increase. In the longer term, CMS Energy's stock has gained 3.2% on a YTD basis, lagging behind XLU's 6.4% uptick. However, over the past 52 weeks, shares of CMS have soared 16.7%, slightly outperforming XLU's 16.4% return. The stock has been trading below its 50-day moving averages since early May. CMS Energy stock rose marginally following the release of its Q1 2025 results on Apr. 24. The uptick was driven by strong operating revenue of $2.5 billion, up 12.5% year over year, surpassing Wall Street expectations. However, adjusted EPS increased 5.2% to $1.02 but came in slightly below analysts' estimates. Looking ahead, the company reaffirmed its fiscal 2025 guidance, expecting adjusted EPS to range between $3.54 and $3.60, aligning with Wall Street forecasts. Compared to its rival, Consolidated Edison, Inc. (ED) has underperformed CMS stock over the past 52 weeks, gaining 11.4%. Although shares of ED have risen 12.9% on a YTD basis, outpacing CMS stock. While CMS has outperformed over the past year, analysts are cautiously optimistic about its stock's prospects. CMS has a consensus rating of 'Moderate Buy' from the 17 analysts covering the stock, and as of writing, it is trading below the mean price target of $77.25. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Vistra price target raised to $186 from $178 at Morgan Stanley
Morgan Stanley raised the firm's price target on Vistra (VST) to $186 from $178 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on VST: Disclaimer & DisclosureReport an Issue Sunrun to trade toward 'bear case' if SenFin language holds, says Morgan Stanley Vistra price target raised to $207 from $160 at UBS Chipotle, Unity, Zscaler, Nasdaq, Vistra: Insider Selling Frenzy! McDonald's downgraded, Oracle upgraded: Wall Street's top analyst calls Vistra initiated with a Strong Buy at Raymond James Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
NextEra Energy price target lowered to $94 from $95 at Morgan Stanley
Morgan Stanley lowered the firm's price target on NextEra Energy (NEE) to $94 from $95 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on NEE: Disclaimer & DisclosureReport an Issue Sunrun to trade toward 'bear case' if SenFin language holds, says Morgan Stanley NextEra Energy Sells Debentures to Strengthen Capital CVX, BP, SHEL: Global Energy Investments to Hit Record $3.3 Trillion in 2025 Trump Trade: U.S. President says China getting 10% tariffs in 'done' deal Trump set to scrap Biden-era power-plant pollution curbs, Bloomberg says
