Utilities Stocks with RSI Below 30: Brookfield Infrastructure Partners L.P. and Genie Energy Ltd

Brookfield Infrastructure Partners L.P. (BIP) and Genie Energy Ltd (GNE) are the top 2 utilities stocks that may rocket higher this quarter, according to Benzinga Pro. BIP's stock fell around 8% over the past month and has a 52-week low of $25.72, while GNE's stock fell around 24% over the past month and has a 52-week low of $13.05. Both stocks have an RSI value of 27 and 20.8, respectively, indicating oversold conditions.

Brookfield Infrastructure Partners L.P. (BIP) and Genie Energy Ltd (GNE) have emerged as top utilities stocks to watch this quarter, according to Benzinga Pro. Both stocks have shown significant price declines and exhibit low Relative Strength Index (RSI) values, indicating potential buying opportunities.

BIP's stock fell around 8% over the past month and has a 52-week low of $25.72. Its 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