The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30 , according to Benzinga Pro .
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
CenterPoint Energy Inc (NYSE: CNP )
On Aug. 21, Morgan Stanley analyst David Arcaro maintained CenterPoint Energy with an Equal-Weight rating and lowered the price target from $40 to $39. The company’s stock fell around 12% over the past month and has a 52-week low of $36.60. RSI Value: 28.1 CNP Price Action: Shares of CenterPoint Energy fell 0.4% to close at $38.93 on Tuesday. Edge Stock Ratings: 19.87 Momentum score with Value at 69.78.NiSource Inc (NYSE: NI )
On Aug. 5, NiSource reported in-line earnings for the second quarter and affirmed its FY26 adjusted EPS guidance with its midpoint below estimates. “Our teams continue to deliver a strong value proposition for our utility customers by providing safe and reliable service across a range of weather conditions,” said President and CEO Lloyd Yates. The company’s stock fell around 11% over the past month and has a 52-week low of $38.45. RSI Value: 26 NI Price Action: Shares of NiSource fell 0.4% to close at $40.65 on Tuesday. Benzinga Pro’s charting tool helped identify the trend in NI stock .Hawaiian Electric Industries Inc (NYSE: HE )
On Aug. 7, Hawaiian Electric posted downbeat quarterly earnings. The company’s stock fell around 14% over the past month and has a 52-week low of $10.79. RSI Value: 25.5 HE Price Action: Shares of Hawaiian Electric fell 0.4% to close at $11.37 on Tuesday. Benzinga Pro’s signals feature notified of a potential breakout in HE shares .Don’t miss out on the full BZ Edge Rankings— compare all the key stocks now .
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