According to Zen Score, the 3 best diversified utility stocks to buy right now are:
1. Montauk Renewables (NASDAQ:MNTK)
Montauk Renewables (NASDAQ:MNTK) is the top diversified utility stock with a Zen Score of 63, which is 24 points higher than the diversified utility industry average of 39. It passed 21 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -47.13% over the past year, underperforming other diversified utility stocks by -54 percentage points.
Montauk Renewables has an average 1 year
price target of $6.00, an upside of 6.95% from Montauk Renewables's current stock price of $5.61.
Montauk Renewables stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Montauk Renewables, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Otter Tail (NASDAQ:OTTR)
Otter Tail (NASDAQ:OTTR) is the second best diversified utility stock with a Zen Score of 50, which is 11 points higher than the diversified utility industry average of 39. It passed 18 out of 38 due diligence checks and has strong fundamentals. Otter Tail has seen its stock lose -3.74% over the past year, underperforming other diversified utility stocks by -10 percentage points.
3. Allete (NYSE:ALE)
Allete (NYSE:ALE) is the third best diversified utility stock with a Zen Score of 50, which is 11 points higher than the diversified utility industry average of 39. It passed 17 out of 38 due diligence checks and has strong fundamentals. Allete has seen its stock return 13.45% over the past year, overperforming other diversified utility stocks by 7 percentage points.
Allete has an average 1 year
price target of $67.00, an upside of 4.67% from Allete's current stock price of $64.01.
Allete stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Allete, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.