Shares of power producers fell as traders rotated into more economically sensitive sectors.
Treasury yields rose, with the yield on the two-year Treasury closing at its highest level in more than a year.
The utility sector has developed a relatively strong inverse correlation to Treasury yields.
Solar module price inflation from higher raw material and freight costs is set to weigh on utility-scale solar profits, warned analysts at brokerage Cowen.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-18-21 1717ET