Shares of power producers ticked down, but remained near recent highs as Treasury yields retreated.
The utilities sector lagged the broad market during the rally in the second half of 2020, but is among the leading sectors in 2021, as investors become concerned about valuations of technology stocks and other growth sectors.
Houston's EnCap Investments raised $1.2 billion for its first fund dedicated to renewable-energy project developers, securing nearly two-thirds of the capital in the past six months.
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(END) Dow Jones Newswires