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Utilities Tick Down on Cyclical Bias -- Utilities Roundup

08/11/2022 | 04:37pm EDT

Shares of power producers ticked down as traders rotated into sectors with more to gain from a levelling-off of inflation.

First Solar shares held recent gains as analysts said the solar-panel concern stood to benefit from incentives in the Inflation Reduction Act, expected to be passed by the House of Representatives.

Cuba brought under control a major fire that raged for five days at its principal oil-storage facility, an energy source critical for its struggling electricity system.


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

(END) Dow Jones Newswires

08-11-22 1636ET

Stocks mentioned in the article
ChangeLast1st jan.
FIRST SOLAR, INC. 1.02% 132.27 Delayed Quote.51.76%
LONDON BRENT OIL 0.82% 88.53 Delayed Quote.13.53%
POWER SOLUTIONS, LTD. -0.99% 2495 Delayed Quote.7.88%
WTI 1.01% 82.792 Delayed Quote.5.74%
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