Bank of America raised its European power price assumptions and changed its ratings after the bank’s commodities analysts revised their gas price outlook upward.
Bank of America raised its European power price assumptions following an upward revision to its gas price outlook. The move is reportedly based on a change in the outlook from the company’s commodities division.
The company reportedly changed its ratings alongside its review of European power price assumptions. The specific rating changes are not stated in the article, so further details will depend on additional information.
This information was reported by Investing.com and is cited as related news.