Shares of power producers fell as safe havens such as gold sold off.
In a year of macroeconomic and geopolitical uncertainty, speculators have flocked to safe havens including precious metals and, to a lesser extent, utilities. Utilities have also drawn investors betting on increased power usage due to the artificial-intelligence boom.
Shares of Eos Energy Enterprise rallied after the maker of zinc batteries struck a deal with wholesale power producer Talen Energy and received an incentive from the state of Pennsylvania in the latest signs of torrid artificial-intelligence related power demand.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 21, 2025 17:53 ET (21:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
The articles, information, and content displayed on this webpage may
include materials prepared and provided by third parties. Such
third-party content is offered for informational purposes only and
is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the
accuracy, completeness, timeliness, or reliability of any third-party
content displayed on this site. The views and opinions expressed in
third-party content are those of the respective authors and do not
necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays
in this content, nor for any actions taken in reliance thereon.
Users are advised to exercise their own judgment and seek independent
financial advice before making any decisions based on such content.
The third-party providers of this content are not affiliated with
Morningstar, and their inclusion on this site does not imply any
form of partnership, agency, or endorsement.