EnergySolutions (ES) Gains as Play on Nuclear Sell Off
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Price: $74.26 -0.51%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
Revenue Growth %: +8.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
Revenue Growth %: +8.1%
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EnergySolutions (NYSE: ES) shares are beating their brethren today, as investors may be speculating about the potential for the recycler of nuclear material in Japan. ES also provides clean up services, contracted by the U.S. and U.K. governments currently, and the decommissioning of nuclear power plants.
The stock saw a midday surge today as well, following a Form 4 filing with the U.S. Securities and Exchange Commission showing a transaction by Long-Term Stewardship Growth President John Christian. Tagged as an 'F' transaction, the SEC describes this as "payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security issued in accordance with Rule 16b-3."
The rally today is also occurring as the company said it will file it 10-K with the SEC late.
Shares reached a high of $7.10 intraday, closing in on a 52-week high of $7.75.
EnergySolutions is making a counter move to other nuclear plays.
Uranium companies have seen a broader sell off over the last two days on bleak prospects in the nuclear industry, and solars have also seen some buying as an alternative play to nuclear.
The stock saw a midday surge today as well, following a Form 4 filing with the U.S. Securities and Exchange Commission showing a transaction by Long-Term Stewardship Growth President John Christian. Tagged as an 'F' transaction, the SEC describes this as "payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security issued in accordance with Rule 16b-3."
The rally today is also occurring as the company said it will file it 10-K with the SEC late.
Shares reached a high of $7.10 intraday, closing in on a 52-week high of $7.75.
EnergySolutions is making a counter move to other nuclear plays.
Uranium companies have seen a broader sell off over the last two days on bleak prospects in the nuclear industry, and solars have also seen some buying as an alternative play to nuclear.
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