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Why Just Energy (JE) Is Up Today

Tickers in this article: JE

NEW YORK (TheStreet) -- Just Energy  was rising 10.12% to $7.51 on Friday afternoon after the company reported third quarter earnings.

The company reported net customer additions of 50,000 for a 7% year-over-year increase. Gross margin increased 16% from the same quarter one year earlier to $162.8 million, while embedded gross margin increased 9% to $2.4 billion.

Profit increased to $177.5 million from $40.2 million in the third quarter one year earlier. Basic earnings per share rose year over year to $1.12 from 30 cents, while diluted earnings per share rose to 96 cents from 28 cents.

The stock had a volume of more than 1.8 million as of 1:11 p.m., well above its average of 461,385.

Must Read: City Of Joliet, Illinois Goes Green With JustGreen Renewable Energy

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