Utility Sector Ideas

[gfp927z]

Energy Solutions -


Nuclear

Investors saw Energy Solutions (ES) get hammered yesterday as shares fell $1.97 (54.87%) to close at $1.62/share on volume of 32.1 million. There was huge volume for the stock, which was over 30 times the three month average on news that the company lowered guidance, hired a new Chief Executive Officer and a new Chief Financial Officer. All of this contributed to the downward movement as the market absolutely did not like this. The shares hit a new 52-week low in yesterday's trading and at this point investors should simply stay away. Not a whole lot is going correctly for the company and those are usually situations you want to stay away and not attempt to be a contrarian - especially in a market such as the one we currently find ourselves in.


http://seekingalpha.com/article/653191-5-commodity-stocks-moving-on-news?source=yahoo