Shares of power producers rose, but not by as much as the broad market, as investors rotated into cyclical sectors.
Italian utility Enel plans to spend roughly $83 billion on sustainable-energy investments, expanding its presence in wind and solar power in the coming decade, seeking to cement its position as the world's largest renewable energy producer outside China and to capitalize on the shift to green energy.
Enel, Spain's Iberdrola and NextEra Energy are leading the charge among conventional utilities into renewable energy.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-24-20 1704ET
