- Utilities are generally favorites among more risk-averse investors due to the stability that they typically offer.
- South Jersey Industries has historically seen strong customer growth, but this trend might be reversing as New Jersey is beginning to see population decline.
- The company is moving into green initiatives and renewable power, which might endear it to the ESG crowd.
- The company has a rather volatile operating cash flow and a consistently negative free cash flow.
- Since the company cannot finance itself through its ordinary operations, it may be best to find a utility that can.
For further details see:
South Jersey Industries: This Utility Is Awfully Risky