The utilities sector gained more than 8% in 2026, beating the S&P 500's roughly 5%, even after April's rally shifted investor money back into technology and growth stocks.
Wolfe said capital spending tied to data-centre expansion and supportive regulators underpin the outlook, with Entergy boosted by a March Meta deal and a raised long-term forecast.
With utilities betting billions on AI's growth, what happens to our power grid if the tech bubble bursts?
As AI's energy thirst raises electricity bills, who will ultimately pay for the nation's massive power grid overhaul?