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Why Just Energy Group Dropped 16% Today

TheMotleyFool

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Shares of energy solutions company Just Energy Group (NYSE: JE) sank 16% today as of 2:00 p.m. EST. The company reported its quarterly results this morning after a tumultuous fiscal 2021 second quarter.

During the period ending Sept. 30, 2020, Just Energy completed a recapitalization plan that led to a single-day doubling of shares as well as a subsequent 30% drop once the plan was officially completed.

Today, the company announced its base earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 33% compared to the prior-year period.

Source Fool.com

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