Top 3 Utilities Stocks That May Explode In May

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

FirstEnergy Corp (NYSE:FE)

• On April 28, FirstEnergy posted upbeat quarterly earnings. “We are off to a great start in 2026,” said Brian X. Tierney, FirstEnergy Board Chairman, President and Chief Executive Officer. “Our strong first quarter results reflect the progress we are making as we execute our plan.” The company's stock fell around 12% over the past month and has a 52-week low of $39.28.
• RSI Value: 29.6
• FE Price Action: Shares of FirstEnergy gained 0.9% to close at $44.50 on Thursday.
• Edge Stock Ratings: 24.61 Momentum score with Value at 74.47.

Consolidated Water Co Ltd (NASDAQ:CWCO)

• On May 11, Consolidated Water posted downbeat quarterly earnings. “Our retail, bulk and manufacturing revenues and operating incomes in 2025 were consistent with our expectations,” commented Consolidated Water CEO, Rick McTaggart. The company's stock fell around 12% over the past five days and has a 52-week low of $25.42.
• RSI Value: 24.8
• CWCO Price Action: Shares of Consolidated Water fell 2.4% to close at $29.32 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in CWCO stock.

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (NYSE:CIG)

• On April 17, Cemig filed 2025 Form 20-F. The company's stock fell around 16% over the past month and has a 52-week low of $1.77.
• RSI Value: 28.8
• CIG Price Action: Shares of CIG rose 0.8% to close at $2.24 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in CIG shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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