Shares of power producers were more or less flat after a long-awaited climate bill passed the Senate.

First Solar shares rallied after analysts at brokerage Guggenheim said the company stood to gain from solar-panel incentives in the Inflation Reduction Act.

The bill passed by the Senate on Sunday will lock in cost savings for customers of solar panels for a decade, said the chief executive of SunRun, the largest developer of solar roof projects.

French waste-water concern Veolia Environnement said it would sell Suez's U.K. waste business to Macquarie Group in a $2.44 billion deal.

Électricité de France, France's nuclear power provider, has received permission for five of its reactors to discharge hot water into rivers as Europe struggles with a heat wave and energy crisis.


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

(END) Dow Jones Newswires

08-08-22 1712ET