Toronto, Canada-based Just Energy Group (JE) is a natural gas and electric utility — not the sexiest kind of business in the world, in other words. Detracting further from its attractiveness, Just Energy is only an occasionally profitable business, having lost money in three of the past six quarters, and made money in the other three, but overall, having lost $287 million more than it made.So why did Just Energy stock double in Thursday trading, closing at $0.56 per share?The answer is that on Wednesday, Just Energy announced that the U.S. Federal Energy Regulatory Commission (FERC) finally gave its …read more
Source:: Yahoo Finance
