Utilities Down as Traders Reassess Power Demand -- Utilities Roundup

Published: 2025-01-27 17:56:31 ET CEG

Shares of power producers slid amid concerns that Chinese firm's DeepSeek breakthrough making artificial intelligence more cheaply and efficiently would cut short a boom in U.S. electricy production.

Shares of Constellation Energy, a utility that has arranged to restart production at Three Mile Island nuclear plant in order to feed tech companies' voracious AI-related power demand, fell by more than one fifth.

GE Vernova, the maker of wind turbines and other generating equipment, plunged by a similar measure.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-27-25 1755ET