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What are Value Stocks?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
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The following stocks are considered to be notable value stocks in the utilities sector:
- Fusion Fuel Green (NASDAQ:HTOO) - P/E: 2.25
- Clearway Energy (NYSE:CWEN) - P/E: 6.31
- Enel Chile (NYSE:ENIC) - P/E: 2.38
- Kenon Hldgs (NYSE:KEN) - P/E: 4.76
- Brookfield Renewable (NYSE:BEPC) - P/E: 3.84
Most recently, Fusion Fuel Green reported earnings per share at $-0.83, whereas in Q3 earnings per share sat at $-0.26. Clearway Energy's earnings per share for Q4 sits at $0.1, whereas in Q3, they were at 0.28. Its most recent dividend yield is at 4.53%, which has increased by 0.34% from 4.19% in the previous quarter.
Enel Chile has reported Q3 earnings per share at $0.08, which has increased by 900.0% compared to Q2, which was -0.01. The company's most recent dividend yield sits at 1.41%, which has decreased by 35.63% from 37.04% last quarter.
Most recently, Kenon Hldgs reported earnings per share at $-15.63, whereas in Q3 earnings per share sat at $4.65. This quarter, Brookfield Renewable experienced an increase in earnings per share, which was $-0.25 in Q3 and is now $-0.16. Most recently, the company reported a dividend yield of 4.32%, which has increased by 0.16% from last quarter's yield of 4.16%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.