Published on 19 Mar 2024 on Zacks via Yahoo Finance

Is E.ON (EONGY) Stock Outpacing Its Utilities Peers This Year?

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Is E.ON SE (EONGY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.

E.ON SE is a member of our Utilities group, which includes 104 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. E.ON SE is currently sporting a Zacks Rank of #2 (Buy).