Shares of power producers rose sharply as traders rotated back into the defensive sector following a period where it lagged the performance of more cyclical sectors.
Italian energy giant Eni said it's in exclusive talks to sell a 20% stake in its Plenitude low-carbon unit to investment firm Ares Management alternative-credit arm for up $2.28 billion.
French utility Engie confirmed its full-year earnings projection on strength in its infrastructure unit.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-15-25 1744ET