Utility Companys Up as Fed's Rate-Increase Plans Seen Unchanged - Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators rose as traders bet the Federal Reserve's rate-increasing plans wouldn't be affected by a relatively strong jobs report. Danish wind-turbine maker Vestas Wind Systems reported a forecast-beating rise in first-quarter net profit following strong sales in the U.S., Germany and China. As the cost of producing wind power has come down, it has proved a formidable competitor to conventional power sources, and analysts expect its use to grow despite the Trump administration's rollback of regulations.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

May 05, 2017 16:50 ET (20:50 GMT)