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The Top 5 Rallying S&P 500 Utilities Stocks of 2017

PART:
1 2 3 4 5 6
Part 3
The Top 5 Rallying S&P 500 Utilities Stocks of 2017 PART 3 OF 6

What Led the Rally among the Top Utility Gainers This Year?

Market performance

In this part of our series, we’ll take look at the comparative stock price movement of the top gainers among S&P 500 utilities (XLU). Despite its consistently weak performance over the past few years, NRG Energy (NRG) trampled broader utilities by a huge margin so far in 2017.
What Led the Rally among the Top Utility Gainers This Year?

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Investors’ expectations of better growth prospects appear to have grown after activist shareholders joined the NRG board, which pushed the stock higher. (You can read more on this in Market Realist’s series Does NRG Energy Have Really Strong Growth Prospects?)

By comparison, NextEra Energy (NEE) has shown a decent and sustained rally over the past five years. Its rally was primarily driven by strong fundamentals, resulting in strong earnings growth and dividend growth that surpassed those of peers.

Notably, NEE did not witness a substantial weakness after its failed attempts to acquire Hawaiian Electric (HE) and Oncor.

Now that we’ve discussed what led the recent rally among these stocks, let’s move ahead and assess their total returns.

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