Utilities Lag Market on Cyclical Bias - Utilities Roundup

Published: 2025-05-02 17:03:28 ET BN

Published on 05/02/2025 at 17:03

Shares of power producers rose, but not by as much as the broad market, as traders rotated into cyclical sectors.

Canadian conglomerate Brookfield Asset Management's flagship renewable-power arm expects opportunities to grow in an environment of strong demand but weak market sentiment. Brookfield Renewables shares fell after it posted a hefty first-quarter loss.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

05-02-25 1702ET