Shares of power producers rose, but not by as much as the broad market, amid fears that resurgent inflation would drive up interest rates, to which the utilities sector is particularly sensitive.

One research firm said the Biden administration's planned tariff increase on solar-power equipment imports from China will not have a large impact on the market. "The tariff increase from 25% to 50% in the case of solar cells will likely have a limited impact, since, in the last years, the volumes exported to the U.S. directly from China have been really small," said Edurne Zoco, executive director of analysis, clean energy technology for S&P Global Commodity Insights.

Plug Power rallied after the alternative-energy company received a $1.66 billion conditional commitment for a Department of Energy loan guarantee, the company said in a release.


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

(END) Dow Jones Newswires

05-14-24 1753ET