Utilities Stocks to Watch: Brookfield Infrastructure Partners and Genie Energy

The article lists two oversold utilities stocks that may rocket higher this quarter: Brookfield Infrastructure Partners L.P. (BIP) and Genie Energy Ltd (GNE). BIP has an RSI value of 27 and a 52-week low of $25.72. GNE has an RSI value of 20.8 and a 52-week low of $13.05. The stocks have fallen significantly in the past month.

Two utilities stocks, Brookfield Infrastructure Partners L.P. (BIP) and Genie Energy Ltd (GNE), have caught the attention of investors due to their recent price declines and low Relative Strength Index (RSI) values, indicating potential buying opportunities. Both companies have shown signs of oversold conditions, with RSI values of 27 and 20.8, respectively, and significant drops in their stock prices over the past month.

Brookfield Infrastructure Partners L.P. (BIP) reported a loss for the second quarter and saw its stock fall around 8% over the past month, reaching a 52-week low of $25.72. The company's RSI value of 27 suggests that it is currently oversold, presenting an opportunity for investors to buy into undervalued shares. The company's CEO, Sam Pollock, highlighted the company's ability to acquire high-quality assets at value and monetize mature investments, positioning it well for future growth [1].

Genie Energy Ltd (GNE) experienced a decline in quarterly earnings per share (EPS) and saw its stock fall around 24% over the past month, reaching a 52-week low of $13.05. The company's RSI value of 20.8 indicates that it is also oversold. Genie Energy reported mixed results for the second quarter, with solid operational progress and double-digit topline growth, but significant margin compression at its retail energy segment weighed on its bottom line. The company cited increased wholesale power and gas costs as the primary factor behind the margin compression [2].

Investors should be cautious when considering these stocks. While the low RSI values suggest potential buying opportunities, the significant price declines may also indicate underlying issues that need to be addressed. Both companies have shown resilience in the past, but their recent earnings reports and price movements suggest that investors should closely monitor their progress and consider the risks involved.

References:
[1] https://www.benzinga.com/trading-ideas/long-ideas/25/08/47177202/top-2-utilities-stocks-that-may-rocket-higher-this-quarter- [2] https://www.nasdaq.com/articles/genie-energy-q2-earnings-decline-y-y-amid-squeezed-margins