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How Utilities Are Faring against the Broader Markets

Vincent Kruger
How Utilities Are Faring against the Broader Markets

Utilities at large have been weak this year as Treasury yields soared to multiyear highs. Renewables giant NextEra Energy (NEE) stock has rallied ~6% this year, outperforming many top utility stocks. NRG Energy (NRG), one of the smallest constituents of the Utilities ETF (XLU), rallied 25% in the same period.