Utilities Down Amid Defensive Bias -- Utilities Roundup

12/09/2022 | 05:47pm

Shares of power producers fell, but not by as much as the broad market, as defensive stocks continued to draw buyers, given uncertainties about the economic outlook.

Industrial-gas manufacturer Air Products and Chemicals and utility AES plan to build a $4 billion "green" hydrogen factory in North Texas, the latest corporations to take advantage of new tax credits for such projects.

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

(END) Dow Jones Newswires

12-09-22 1746ET

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