Exelon CEO Sees Baltimore Power Bills Jumping 11% as Costs Surge
NRG Energy Q2 Earnings Preview
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Ameren Analyst Ratings
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Is the AI trading in US stocks over? Chip stocks have cooled down, but utilities stocks have not!
As US chip stocks cooled down, public utility stocks continued to rise. The US Public Utilities ETF (XLU) rose 4% last week, breaking through the $74 mark, driven by the AI boom causing a surge in demand for electrical utilities and a skyrocketing price of electricity in the USA.
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
Exelon Analyst Ratings
Entergy Analyst Ratings
Wells Fargo Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $87
Pinnacle West Capital Analyst Ratings
Consolidated Edison Analyst Ratings
Utility Stocks Surge as Renewed Recession Fears Push Investors to Safe Havens
Consolidated Edison Non-GAAP EPS of $0.59 Beats by $0.02
August Heat Wave Grips US: 12 Stocks To Watch As Blistering Temperatures Affect Nearly 150 Million Americans
Notable Earnings Before Friday's Open
NRG Energy Names Coban as President and CEO, Removing Interim Tag
Exelon Non-GAAP EPS of $0.47 Beats by $0.08, Revenue of $5.36B Beats by $480M