Dow Jones NewswiresDow Jones Newswires

Utilities Down Ahead of Powell's Jackson Hole Speech — Utilities Roundup

Bacaan kurang dari 1 minit

Shares of power producers fell amid anxiety ahead of Federal Reserve Chairman Jerome Powell's scheduled speech from Jackson Hole, Wyo., later in the week.

Renewable-energy stocks rallied after new tax rules issued by the Treasury Department gave companies installing wind and solar-power plants a window of opportunity to receive credits before the recently passed tax bill reversing incentives kicks in.

Shares of solar-panel maker First Solar, wind-turbine maker Vestas Wind Systems, rooftop-solar system installer Sunrun and SolarEdge Technologies were among the gainers.

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