Utilities Up As Investors Hedge On Stimulus Chances -- Utilities Roundup

09/25/2020 | 05:30pm

Shares of power producers rose as investors hedged their bets on the likely outcome of economic-stimulus negotiations in Washington DC.

Nasdaq-listed Canadian Solar is close to raising 1.8 billion yuan, equivalent to $264 million, from electric-vehicle maker BYD Co. and other investors, for its Chinese solar-power equipment manufacturing business, The Wall Street Journal reported.

 

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

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