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Company News

BUZZ-Just Energy Group Inc: Down after posting surprise Q2 loss

** U.S. listed shares of retail energy provider’s down 5.6 pct at $5.29 premarket after co post’s surprise Q2 loss and lower-than-expected revenue

** Qtr hurt by U.S. hurricanes, which caused lower consumption of its southern consumers, and softness of renewal pricing in Texas

** JE lowers FY18 EBITDA forecast to reflect weather impact and low commodity pricing environment

** Up to Wednesday’s close, stock had risen ~9 pct in the last 12 months (Reporting by Amy Caren Daniel in Bengaluru)

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