Mar. 25 at 4:43 AM
$D first turbine spinning on the 2.6 GW Coastal Virginia Offshore Wind project — milestone hit, but the stock isn't celebrating yet.
Trading at
$60.27, sitting below both the 20 SMA (
$62.38) and 50 SMA (
$62.24), down 6% in a month. RSI at 37.5 — approaching oversold. Only line holding is the 200 SMA at
$60.04, literally pennies below.
Watching for a bounce off 200 SMA support. Reclaiming
$62+ would be constructive. P/E 17.56 on a
$52B utility isn't stretched if CVOW execution holds.
#Dominion #OffshoreWind #Utilities
