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The Utilities sector as a whole closed the day down 0.5% versus the S&P 500, which was up 0.4%. Laggards within the Utilities sector included American DG Energy ( ADGE), down 3.7%, Ocean Power Technologies ( OPTT), down 4.8%, GreenHunter Resources ( GRH), down 5.1%, Sky Solar Holdings ( SKYS), down 5.8% and Unitil ( UTL), down 1.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Sky Solar Holdings ( SKYS) is one of the companies that pushed the Utilities sector lower today. Sky Solar Holdings was down $0.65 (5.8%) to $10.55 on light volume. Throughout the day, 16,071 shares of Sky Solar Holdings exchanged hands as compared to its average daily volume of 34,900 shares. The stock ranged in price between $10.51-$10.77 after having opened the day at $10.61 as compared to the previous trading day's close of $11.20.

Sky Solar Holdings has a market cap of $536.8 million and is part of the energy industry. Shares are down 11.9% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Sky Solar Holdings a buy, no analysts rate it a sell, and none rate it a hold.

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At the close, GreenHunter Resources ( GRH) was down $0.04 (5.1%) to $0.75 on light volume. Throughout the day, 28,532 shares of GreenHunter Resources exchanged hands as compared to its average daily volume of 249,300 shares. The stock ranged in price between $0.75-$0.79 after having opened the day at $0.79 as compared to the previous trading day's close of $0.79.

GreenHunter Resources, Inc., an environmental services company, provides water management solutions in the United States. It offers Total Water Management Solutions to the oilfield, including unconventional oil and natural gas shale resource plays. GreenHunter Resources has a market cap of $26.6 million and is part of the energy industry. Shares are up 4.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate GreenHunter Resources a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates GreenHunter Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on GRH go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Energy Equipment & Services industry. The net income has significantly decreased by 625.9% when compared to the same quarter one year ago, falling from -$0.37 million to -$2.69 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Energy Equipment & Services industry and the overall market, GREENHUNTER RESOURCES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $0.09 million or 60.96% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • GRH's debt-to-equity ratio of 0.97 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.40 is very low and demonstrates very weak liquidity.
  • GRH has underperformed the S&P 500 Index, declining 24.33% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.

You can view the full analysis from the report here: GreenHunter Resources Ratings Report

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Ocean Power Technologies ( OPTT) was another company that pushed the Utilities sector lower today. Ocean Power Technologies was down $0.02 (4.8%) to $0.50 on light volume. Throughout the day, 132,928 shares of Ocean Power Technologies exchanged hands as compared to its average daily volume of 223,000 shares. The stock ranged in price between $0.49-$0.53 after having opened the day at $0.53 as compared to the previous trading day's close of $0.52.

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. Ocean Power Technologies has a market cap of $8.9 million and is part of the energy industry. Shares are down 18.0% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates Ocean Power Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on OPTT go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electrical Equipment industry. The net income has significantly decreased by 33.6% when compared to the same quarter one year ago, falling from -$3.27 million to -$4.37 million.
  • Net operating cash flow has significantly decreased to -$8.94 million or 162.64% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • OPTT's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 81.00%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Electrical Equipment industry and the overall market, OCEAN POWER TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • OPTT's debt-to-equity ratio is very low at 0.01 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 6.64, which clearly demonstrates the ability to cover short-term cash needs.

You can view the full analysis from the report here: Ocean Power Technologies Ratings Report

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