Rising rates are the culprit for utility weakness, notes Jay Rhame. He discusses how a high-rate environment is affecting utility stocks. He talks about how the utility sector has been worse than treasuries, and most utilities should see growth earnings this year. He goes over finding upside in utility stocks. He outlines that renewable power projects are highly contracted but highly leveraged. He mentions that development will continue at an exponential pace, and rates stabilizing will help. He highlights that Hawaiian wildfires and climate change concerns hurt utility sentiment. Tune in to find out more about the stock market today.