U.S. utilities look newly cheap, but face COVID-19 headwinds this summer
(WorldNews Sport)

Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City NEW YORK (Reuters) – U.S. utility stocks have started to look like bargains after being considered expensive relative to the broader market for well over a year. Still, the outlook is far from certain as demand this summer is set to be hard hit by the contraction in commercial and industrial usage. Electricity use typically peaks in the summer as air conditioning units in homes, offices and factories are cranked up. But COVID-19 lockdowns have shuttered businesses and shifted many workers away from the...