Utilities Down As Rising Treasury Yields Weigh -- Utilities Roundup

Shares of power producers fell sharply as rising Treasury yields weighed on the sector.

Fixed-income investors often toggle back and forth between the utility sector and Treasury markets based on comparative yields.

Shares of fuel-cell concern Plug Power fell sharply despite an executive's prediction that new partnerships would accelerate its efforts to turn a profit. Investors also shrank from stocks associated with higher risk due to the rally in Treasury yields.

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(END) Dow Jones Newswires

02-22-21 1734ET