Sector Update: Energy Stocks Ease in Friday Afternoon Trading

MT Newswires Live
2024-11-16

Energy stocks were decreasing Friday afternoon, with the NYSE Energy Sector Index down 0.3% and the Energy Select Sector SPDR Fund (XLE) shedding 0.2%.

The Philadelphia Oil Service Sector index fell 1.7%, while the Dow Jones US Utilities index added 0.9%.

Front-month West Texas Intermediate crude oil was falling 2.3% to $67.09 a barrel while the global benchmark Brent crude contract was dropping 2% to $71.09 a barrel. Henry Hub natural gas futures were 0.8% higher at $2.81 per 1 million BTU.

In corporate news, Sable Offshore (SOC) shares fell 4.5%. The company reported a Q3 net loss Thursday of $255.6 million, wider than the $44.1 million loss expected by two analysts polled by Capital IQ.

FuelCell Energy (FCEL) shares tumbled 10.9%. The company said Friday it will cut 17% of its workforce as part of a global restructuring plan aimed at reducing costs amid slower-than-expected clean energy investments.

Consolidated Water (CWCO) shares popped 4.9% after the company late Thursday reported Q3 earnings and revenue that beat analysts' estimates.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10