Top 2 Utilities Stocks That May Plunge This Quarter
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
0mins
Source: Benzinga
Kenon Holdings Ltd: The stock has seen a 25% increase over the past month, with an RSI value of 73.1 indicating it may be overbought, closing at $44.91 on Friday.
ALLETE Inc: The company announced a beneficial agreement with the Minnesota Department of Commerce, leading to a 2% stock gain recently and an RSI value of 78.3, closing at $66.06 on Friday.
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Analyst Views on KEN
About KEN
Kenon Holdings Ltd. is a Singapore-based holding company that operates dynamic, primarily growth-oriented businesses. The holdings are at various stages of development, ranging from established, cash generating businesses to early-stage companies. The Company has interests in the businesses: OPC (54.5% interest)-an owner, operator and developer of power generation facilities in the Israeli and United States power markets and ZIM (16.5% interest)-an international shipping company. OPC’s portfolio in Israel consists of OPC Rotem, approximately a 466 megawatt (MW) combined cycle power plant and OPC Hadera, a 148MW co-generation power plant. OPC’s portfolio in the United States consists of the CPV Group, a business engaged in the development, construction and management of power plants running conventional energy (powered by natural gas) and renewable energy in the United States. ZIM operates a fleet of approximately 80 container vessels, with a total container capacity of 385,000 TEUs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Utilities Stocks Flash Warning Signals for Momentum Investors
- UGI International Divestiture: On January 15, UGI International agreed to sell its LPG businesses in the Czech Republic, Hungary, Poland, and Slovakia for approximately €48 million, significantly completing its portfolio optimization program aimed at focusing on markets with competitive advantages and growth opportunities, thereby driving sustainable value creation.
- UGI Stock Performance: UGI's shares gained around 6% over the past five days, reaching a 52-week high of $39.92, with an RSI value of 76.7 indicating an overbought condition, suggesting potential short-term pullback risks.
- Kenon Quarterly Earnings Decline: On December 3, Kenon Holdings reported quarterly earnings of 45 cents per share, down from 81 cents per share in the same period last year, reflecting profitability pressures despite an 11% stock gain over the past five days.
- Kenon Stock Dynamics: Kenon Holdings' shares rose 1.5% to close at $74.21 on Monday, with an RSI value of 72.3 indicating overbought status, which may influence investors' short-term decisions.
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Enlight Renewable Energy Downgraded to Underweight by JP Morgan, RSI at 72
- Rating Change: On December 8, JP Morgan analyst Mark Strouse downgraded Enlight Renewable Energy from Neutral to Underweight while maintaining a price target of $35, indicating concerns about the company's future performance amidst market volatility.
- Price Fluctuation: Despite a recent 11% gain over the past five days, the stock hovers near its 52-week high of $44.01 with an RSI of 72, signaling overbought conditions that may lead to short-term correction risks.
- Financial Performance: Kenon Holdings reported quarterly earnings of 45 cents per share on December 3, down from 81 cents per share in the same period last year, reflecting a significant decline in profitability that could undermine investor confidence.
- Market Reaction: Although Kenon Holdings' stock has risen approximately 13% over the past month, its RSI of 75.4 indicates it is also in overbought territory, suggesting potential adjustment pressures ahead.
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