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Utilities Fall As Flight From Sector Continues -- Utilities Roundup

11/30/2020 | 05:17pm EST

Shares of power producers fell as investors continued to retreat from a defensive sector that's fallen out of favor during the recent "risk rally."

Falling asset prices for existing U.K. combined-cycle gas-turbine power plants offer significant value opportunities, with potential for scenarios with payback periods as short as three years, said analysts at research firm Timera Energy, as reported earlier.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-30-20 1716ET

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