U.S. Markets open in 2 hrs 1 min

Strength Seen in Avista (AVA): Stock Soars 20.7%

Zacks Equity Research

Avista Corporation AVA was a big mover last session, as the company saw its shares rise almost 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $41.35 to $43.84 in the past one month time frame.

The move came after the company announced that it has signed a deal with its Canadian counterpart, Hydro One Ltd. The deal is aimed at creating one of North America’s largest regulated utilities, which will serve more than two million customers across the region.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Avista currently has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Avista Corporation Price

Avista Corporation Price | Avista Corporation Quote

Investors interested in the Utility - Electric Power industry may consider Atlantica Yield plc ABY, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AVA going up? Or down? Predict to see what others think: Up or Down

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Avista Corporation (AVA) : Free Stock Analysis Report
Atlantica Yield PLC (ABY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research