EDF Slumps After Nuclear Price Concerns Trigger Stock Downgrade
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Electricite de France SA, Europe’s biggest power producer, fell the most in five months in Paris trading after Bank of America Corp. cut its rating on the stock on concern earnings from nuclear generation will fall short.
EDF fell as much as 5.5 percent, the biggest intraday decline since Nov. 29, and was down 4.8 percent at 17.265 euros as of 4:39 p.m. local time. Trading volumes were more than 60 percent above the three-month daily average.