Utilities Down As Rotation Reverses — Utilities Roundup
Shares of energy producers fell as buyers rotated again into the know-how sector.
The utilities sector has been among the many locations for buyers rotating out of the tech sector in current weeks, however that development reversed itself Wednesday.
Shares of FuelCell Power surged, and have now roughly doubled in 4 days, as buyers guess the Biden administration will again renewable power firms.
PG&E has chosen Patti Poppe, the top of Michigan utility CMS Power as its subsequent chief govt as it really works to enhance the protection of its electrical system and strengthen its enterprise.
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(END) Dow Jones Newswires
November 18, 2020 17:06 ET (22:06 GMT)
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Dow Jones – Utilities Down As Rotation Reverses — Utilities Roundup