TC Energy Corporation (TRP Quick QuoteTRP - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $33.51–$54.72 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company’s announcement to proceed with the construction of the Keystone XL Pipeline Project, which is expected to result in an investment of $8 billion into the North American economy.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

TC Energy Corporation Price

TC Energy Corporation price | TC Energy Corporation Quote

TC Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Alternative Energy - Other industry is Evergy Inc. (EVRG Quick QuoteEVRG - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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