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

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ELVT 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.

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Recent Developments


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

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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.

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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.

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