European Utilities seen benefiting as natural gas prices stay elevated
Bank of America analysts say European utilities’ earnings could benefit from higher-for-longer natural gas prices. They cite ongoing Qatar disruptions, increased Asia demand, and low European storage levels supporting benchmark prices around 55 euros a megawatt-hour (as cited).
European utilities' earnings are expected to benefit from higher-for-longer natural gas prices on the continent, Bank of America analysts wrote. The firm said continuing disruption in Qatar, stronger demand in Asia and low storage levels in Europe will keep benchmark European natural gas prices at 55 euros a me…