The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
Ormat Technologies, Inc. (NYSE:ORA)
- On Jan. 22, Ormat Technologies signed a 10-year PPA with Calpine Energy Solutions for up to 15MW of carbon-free geothermal capacity. The company' stock fell around 9% over the past month and has a 52-week low of $59.41.
- RSI Value: 26.4
- ORA Price Action: Shares of Ormat Technologies fell 3.3% to close at $62.51 on Tuesday.
- Benzinga Pro's real-time newsfeed alerted to latest ORA news.
AES Corp (NYSE:AES)
- The AES will host a conference call on Friday, Feb. 28, 2025 to review its fourth quarter and full year 2024 financial results. The company's stock fell around 13% over the past month and has a 52-week low of $10.81.
- RSI Value: 27.8
- AES Price Action: Shares of AES fell 3.8% to close at $11.01 on Tuesday.
- Benzinga Pro’s charting tool helped identify the trend in AES stock.
PG&E Corp (NYSE:PCG)
- On Jan. 27, Barclays analyst Nicholas Campanella maintained PG&E with an Overweight and lowered the price target from $24 to $23.. The company's stock fell around 21% over the past month and has a 52-week low of $15.78.
- RSI Value: 26.1
- PCG Price Action: Shares of PG&E fell 2% to close at $15.96 on Tuesday.
- Benzinga Pro’s signals feature notified of a potential breakout in PCG shares.
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