GENERAL ELECTRIC COM

GE
Delayed Nyse - 04:00:02 2023-02-03 pm EST
81.96 USD -2.36%

Utilities Up on Defensive Bias -- Utilities Roundup

01/24/2023 | 05:30pm

Shares of power producers rose as traders rotated into defensive sectors in light of concerns about slowing earnings growth in cyclical sectors.

General Electric said inflation will pressure margins in the initial projects for its giant Haliade X offshore wind-turbine technology, "resulting in rising losses" for its wind-power operations.

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

(END) Dow Jones Newswires

01-24-23 1729ET

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