RE:What's With the Share Price?a lot of it is simply interest rate moves, no? can someone with more knowledge on the name weigh in?
if their stock priced remained at 14 dollars, the stock would be yieilding less than a risk free GIC.... that doesn't make sense to most income investors...
interest rate also increases the cost of future borrowing,
most utilties use quite a bit of debt to build/buy assets,
no one is sure what the future cost of borrowing will be, or how much debt will be refinaced at in a few years time,
until its clear where interest rates will end up,
these sectors may stay out of favour,