Shares of power producers ticked down as Treasury yields lingered near multimonth highs.
Exelon shares rose after the Chicago utility giant's earnings topped expectations, with electricity demand lifted by hot weather.
The utility sector remains one of the surprise 2024 winners as traders bet that a surge in electricity demand driven by artificial-intelligence needs would benefit the industry.
ASP Isotopes shares surged after the company said it reached an agreement with Bill Gates-founded nuclear-power firm TerraPower to back the planned construction of a facility for producing enriched uranium.
KKR and Energy Capital Partners agreed to invest a combined $50 billion in data-center and power-generation projects to support the development of artificial intelligence.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-30-24 1804ET