HomeFinancial MarketsHere’s What You Should Know About Just Energy Group Inc (JE) Stock

Here’s What You Should Know About Just Energy Group Inc (JE) Stock

Just Energy Group Inc (JE)‎ stock has shown a rise in the last trading session. JE is a natural gas and electricity retailer based in Canada. The company operates in Canada, America, and few other states as well. Recently the company has announced its third-quarter results for the fiscal year 2021 and also they have updated their previous announcements. The company has declared that the management is continuing to assess the impact of extreme cold weather which has been experienced in the state of Texas.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Recent Developments


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The results of the third quarter, have shown some developments which include:

  • Due to the lower bad debt and lower expenses offsetting the lower base gross margin and increased investment in digital marketing the Base EBTIDA has increased by 47%in the third quarter of the fiscal year 2021. It is $55.8M which was $38.0M in the year-ago period.
  • Also the base gross margin has lowered in the third quarter fiscal year 2021 by 8%. Previously it was $142.5M which is now $131.6M.
  • Another positive development is a decrease in bad debt by 83%, which is $3.4M as compared to $20.0M in a year-ago period, also the expenses have lowered in all areas.
  • The company has ended the quarter with $91.2M of total liquidity available which includes cash and cash equivalents pf $66.6M and an available capacity of $24.6M under the senior secured credit facility.

Read More

Future Predictions

Although these recent developments have proven to be the reason of gain in stock but this is not the end. As the company has already announced that it will be withdrawing its Base EBTIDA and Unlevered free cash flow guidance which is the money that the company has before paying its financial obligations, for the fiscal year 2021. The company is monitoring the financial impact of the extreme weather changes and has given a rough estimated that the financial impact of the weather event on the company could cause a loss of between $50 million and $315 million.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

The current position of the company is stable but the weather conditions and their impact can cause trouble for Just energy to maintain and improve their progress.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam