NYSE:NJRGas Utilities
How Investors Are Reacting To New Jersey Resources (NJR) Mizuho Upgrade And Focus On Growth Segments
Earlier this month, Mizuho upgraded New Jersey Resources to Outperform, citing the company’s attractive valuation, strong fundamentals, and resilience to some regulatory pressures affecting other utilities.
The bank also highlighted growth potential in New Jersey Resources’ Storage & Transportation and Clean Energy Ventures segments, alongside a solid balance sheet and limited equity needs, which together influenced investor perception despite mixed quarterly earnings.
Next, we’ll examine...