Pre-Market Analysis: Companhia Energetica de Minas Gerais, Consolidated Edison
Inc., FuelCell Energy Inc., and NextEra Energy Inc.
LONDON, August 29, 2013
LONDON, August 29, 2013 /PRNewswire/ --
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The U.S. equity market posted gains on Wednesday, August 28, 2013. All three
benchmark indexes advanced, with the S&P 500 ending 0.27% higher at 1,634.96,
the Dow Jones Industrial Average closing the day 0.33% higher at 14,824.51,
and the NASDAQ Composite rising 0.41% to finish at 3,593.35. Shares in the
electric utility sector ended mostly lower, even as the broader market posted
gains. The major movers in the sector included Cia Energetica de Minas Gerais
(NYSE: CIG), Consolidated Edison Inc. (NYSE: ED), FuelCell Energy Inc.
(NASDAQ: FCEL), and NextEra Energy Inc. (NYSE: NEE). All these companies are
tracked by AAAResearchReports.com. Free technical research on CIG, ED, FCEL,
and NEE can be downloaded upon signing up at:
Shares in Cia Energetica de Minas Gerais ended the day at $7.94, down 0.75%
from the previous closing price of $8.00. The company's shares fluctuated
between $7.93 and $8.19. A total of 3.37 million shares were traded, which is
above the daily average volume of 2.59 million. The company's shares have
fallen by 4.11% in the last three trading sessions, underperforming the S&P
500 which has lost 1.72% during the same period. Moreover, the company's stock
is currently trading below its 50-day and 200-day moving averages. Sign up and
read the complimentary report on CIG at:
Shares in Consolidated Edison Inc. posted modest gains on Wednesday, tracking
advances in the broader market. The company's shares traded between $56.02 and
$56.64 before finishing the day 0.23% higher at $56.44. A total of 1.44
million shares were traded, which is below the daily average volume of 1.95
million. The company's shares have lost 0.27% in the last three trading
sessions, outperforming the S&P 500 which has fallen by 1.72% during the same
period. Despite the recent gains, Consolidated Edison Inc.'s stock continues
to trade below its 50-day and 200-day moving averages. The free report on ED
can be downloaded by signing up now at:
FuelCell Energy Inc.'s stock fell sharply on Wednesday, extending their losses
from previous trading sessions. The company's shares fluctuated between $1.16
and $1.18 before finishing the day 1.69% lower at $1.16. A total of 0.60
million shares were traded, which is below the daily average volume of 2.68
million. The company's shares have dipped 0.85% in the last three trading
sessions, outperforming the S&P 500 which has lost 1.72% during the same
period. Despite the recent losses, the company's stock continues to trade
above its 200-day moving average. A free report on FCEL can be accessed by
NextEra Energy Inc.'s shares ended almost flat on Wednesday after oscillating
between $79.75 and $81.49. The company's shares ended the day at $81.08, which
is 0.01% lower than the previous day's price of $81.09. A total of 2.72
million shares were traded, which is above the daily average volume of 1.93
million. Moreover, the company's stock has gained 5.27% in the last three
months, outperforming the S&P 500 which has fallen by 1.51% during the same
period. Additionally, NextEra Energy Inc.'s stock is trading above its 200-day
moving average. Register with AAA Research Reports and download research on
NEE for free at:
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