Why Just Energy Group Stock Plunged 30% Today
Shares of Just Energy Group (NYSE: JE) dropped 30% early in today's session, and remained down 29% as of 11 a.m. EDT. The drop follows a spike in shares earlier this month when it announced its recapitalization plan was close to being finalized.
The retail energy provider, which operates separately from public electric utilities, confirmed today that it finalized its previously announced restructuring plan, and reconstituted its board of directors and some executive management positions.
Source Fool.com