Why Just Energy Stock Just Cratered 28.5%
Two months ago, shares of Just Energy (NYSE: JE) were just jumping out of the box, soaring on news of a "strategic review" that got investors hoping that a sale of the company was in progress.
Today, the opposite is happening. Shares of the Canadian electric and gas utility are down a staggering 28.5% as of 11:55 a.m. EDT in response to a just-released earnings report -- and the bombshell news it contained.
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Source Fool.com
