Utilities Up as Traders Chase Momentum in Sector -- Utilities Roundup

Dow Jones

2025/05/08

Shares of power producers ticked up as traders continued to pile into the leading S&P 500.

French water and infrastructure firm Veolia agreed to buy Caisse de Depot et Placement du Quebec's minority stake in its Water Technologies and Solutions unit for $1.75 billion, taking full ownership.

Danish renewable-energy company Orsted said it would discontinue its Hornsea 4 offshore wind project in the U.K. due to rising costs, warning that the closure would hurt earnings this year.

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

(END) Dow Jones Newswires

May 07, 2025 17:43 ET (21:43 GMT)

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