TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Cleco Corp (CNL) shares have surged to a 52-week high, reaching a price level of $5.12, as investors rally behind the utility company’s strong performance. According to InvestingPro data, the stock’s RSI indicates overbought territory, while the company’s overall financial health score stands at 2.23, rated as "FAIR." This peak represents a significant milestone for the company, reflecting a robust 1-year change of 65.91%. The impressive year-over-year growth has been fueled by strategic initiatives and operational efficiencies, though InvestingPro analysis suggests the stock is trading above its Fair Value. The company maintains strong liquidity with a current ratio of 4.36, despite not being profitable in the last twelve months. The stock’s ascent to this new high underscores the market’s confidence in the company’s direction and future prospects. Discover 10+ additional exclusive insights and real-time metrics with InvestingPro.
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