Pre-Market Technical Pulse on Utilities Stocks -- TerraForm Global, TerraForm Power, Avista, and Brookfield Infrastructure Partners
NEW YORK, November 1, 2017 /PRNewswire/ --
If you want a Stock Review on GLBL, TERP, AVA, or BIP then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Pre-market today, DailyStockTracker.com follows the performance of TerraForm Global Inc. (NASDAQ: GLBL), TerraForm Power Inc. (NASDAQ: TERP), Avista Corp. (NYSE: AVA), and Brookfield Infrastructure Partners L.P. (NYSE: BIP). Diversified Utilities companies provide residential, commercial, and industrial consumers with a wide array of utilities, including electricity, natural gas, steam, and water. They engage in the generation, transmission, and distribution of these resources. Sign up now on DailyStockTracker.com and download our free research reports on these featured stocks at:
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TerraForm Global
Bethesda, Maryland headquartered TerraForm Global Inc.'s stock finished Tuesday's session 0.52% higher at $4.88 with a total trading volume of 238,464 shares. The Company's shares have advanced 1.56% in the past month and 23.42% since the start of this year. The stock is trading 1.16% above its 200-day moving average. Additionally, shares of TerraForm Global, which together with its subsidiaries, owns and operates renewable energy power plants, have a Relative Strength Index (RSI) of 48.59. GLBL complete research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=GLBL
TerraForm Power
On Tuesday, shares in Bethesda, Maryland headquartered TerraForm Power Inc. recorded a trading volume of 551,619 shares. The stock ended the session 2.21% higher at $13.43. The Company's shares have advanced 23.19% in the last one month, 22.35% in the previous three months, and 25.98% on an YTD basis. The stock is trading 16.26% above its 50-day moving average and 27.71% above its 200-day moving average. Moreover, shares of TerraForm Power, which together with its subsidiaries, owns and operates clean power generation assets serving utility and commercial customers, have an RSI of 63.96.
On October 16th, 2017, TerraForm Power (TERP) announced the closing of its previously announced merger and sponsorship transaction. Brookfield Asset Management has assumed the role of TERP's sponsor, and, together with its institutional partners, is now TERP's controlling shareholder, holding 51% of its outstanding common shares.
On October 24th, 2017, research firm Bank of America/Merrill resumed its 'Underperform' rating on the Company's stock, with a target price of $11 per share. The complimentary report on TERP can be downloaded at:
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Avista
Spokane, Washington headquartered Avista Corp.'s shares closed the day 0.29% higher at $52.24. The stock recorded a trading volume of 354,686 shares. The Company's shares have gained 0.08% in the last month, 0.11% over the previous three months, and 30.63% on an YTD basis. The stock is trading 0.85% and 16.76% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Avista, which operates as an electric and natural gas utility company, have an RSI of 56.78.
On October 23rd, 2017, Avista announced that the Company and multiple parties to its electric and natural gas general rate cases have reached a settlement agreement that has been submitted to the Idaho Public Utilities Commission (IPUC or Commission) for its consideration. If approved, the settlement agreement is designed to increase annual billed electric revenues by $12.9 million, or 5.6%, effective January 01st, 2018, and by $4.5 million, or 2.3%, effective January 01st, 2019. Sign up for your complimentary report on AVA at:
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Brookfield Infrastructure Partners
Shares in Hamilton, Bermuda-based Brookfield Infrastructure Partners L.P. finished 0.24% lower at $42.37. The stock recorded a trading volume of 236,138 shares. The Company's shares have advanced 0.07% in the last one month, 3.54% in the previous three months, and 26.59% on an YTD basis. The stock is trading above its 200-day moving average by 6.10%. Furthermore, shares of the Company, which engages in utility, transport, energy, and communications infrastructure businesses, have an RSI of 41.06.
On October 03rd, 2017, Brookfield Infrastructure Partners announced that it will host a conference call and webcast on November 03rd, 2017, at 9:00 a.m. ET to discuss its Q3 2017 results, which will be released at approximately 7:00 a.m. ET that same day. Download the research report for free on BIP at:
http://dailystocktracker.com/registration/?symbol=BIP
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