Interested in gaining exposure to utility companies? Looking for stocks priced under $10? If the answer is yes, here are some interesting ideas to get you started.
We first looked for Utility stocks that are trading at under $10. We did not screen out any market caps.
Do you think these utility stocks have higher to rise? Please use our list to assist your own analysis.
Ocean Power Technologies, Inc (NASDAQ:OPTT)
Ocean Power Technologies, Inc has a Share Price of 2.62. The short interest was 8.01% as of 04/25/2012. Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Asia, and Australia. The company offers utility PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations.
GreenHunter Energy, Inc. (NYSEMKT:GRH)
GreenHunter Energy, Inc. has a Share Price of 2.07. The short interest was 3.93% as of 04/25/2012. GreenHunter Energy, Inc., a development stage company, engages in water resource management business. It provides water management products and services for the oil and gas industry under the Total Water Management Solutions brand name. The company offers hydraulic fracturing services; fluids handling, hauling, and logistics services; and equipment and tank rentals, as well as owns, operates, and develops commercial salt water disposal wells and associated facilities.
GenOn Energy, Inc. (NYSE:GEN)
GenOn Energy, Inc. has a Share Price of 1.96. The short interest was 1.36% as of 04/25/2012. GenOn Energy, Inc., together with its subsidiaries, provides energy, capacity, ancillary, and other energy services to wholesale customers in the energy market in the United States. It also operates as a wholesale generator of electricity; and involves in asset management and proprietary trading, fuel oil management, and natural gas transportation and storage activities. The company generates electricity using coal, natural gas, and oil resources.
Pure Cycle Corp. (NASDAQ:PCYO)
Pure Cycle Corp. has a Share Price of 2.81. The short interest was 0.11% as of 04/25/2012. Pure Cycle Corporation, a vertically integrated water and wastewater service provider, engages in the design, construction, operation, and maintenance of water and wastewater systems in the Denver metropolitan area. The company contracts with landowners, developers, home builders, cities, and municipalities using a water portfolio consisting of surface and ground water supplies, surface and aquifer storage, and reclaimed water supplies. It withdraws, treats, stores, and delivers water to customers; collects, treats, stores, and reuses wastewater; and treats and delivers reclaimed water for irrigation use by customers. The company offers water services to approximately 258 single family equivalent (SFE) water connections, as well as 157 SFE wastewater connections located in southeastern metropolitan area of Denver.
*Company profiles were sourced from Finviz. Financial data was sourced from Finviz and Google Finance.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.