Utilities Up as Treasury Yields Slip -- Utilities Roundup

Shares of power producers ticked up as long-term Treasury yields slipped.

Electric vehicle charging provider ChargePoint Holdings plunged and said it would replace top executives and warned it would miss revenue projections for the third quarter.

California regulators gave utility giant PG&E approval to bury hundreds of miles of power lines to reduce wildfire risk in coming years, but the amount fell short of the company's full request.

Atkore, which makes electrical products including conduit used by cable and fiber companies, said it was perceiving a slowdown in investments from the telecommunications industry.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

11-17-23 1744ET