Via Renewables Inc (NASDAQ: VIA) stock enjoyed a major increase of 14.1% on 1/2/24. The shares closed at $10.73. Moreover, exceptionally high trading volume at 789% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 17.5% during the last week.
Current PriceTarget Research Rating
VIA is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Via Renewables has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Via Renewables has a very high Appreciation Score of 87 but a poor Power Rating of 28, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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