Utilities Down As Investors Reverse Bets On Sustainable-Energy Push -- Utilities Roundup

Shares of power producers fell as investors retreated from a sector that was seen as benefiting from a "blue wave" of Democratic victories.

Renewable-energy focused utilities such as NextEra Energy had risen sharply in anticipation of a shift in U.S. energy policy. Shares of NextEra slid by more than 3%. Shares of Tesla, a maker of electric cars and solar-power equipment, fell slightly.

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(END) Dow Jones Newswires

11-04-20 1741ET