The Empire District Electric Company EDE was a big mover last session, as its shares rose over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Friday’s rally continues the uptrend for the company, as the stock is now up almost 12% in the past one-month time frame.
Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Empire District currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better ranked stock in the utility electric power sector is Korea Electric Power Corp. KEP with a Zacks Rank #1 (Strong Buy).
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