Power producer shares rise as utilities boost capital plans
Updated
Updated · MarketWatch · May 7
Power producer shares rise as utilities boost capital plans
10 articles · Updated · MarketWatch · May 7
BTIG analyst Alex Kania said the move reflected a defensive sector rotation and utility earnings calls showing higher spending to serve rising data-centre demand.
The rebound reversed an earlier shift into cyclical stocks that had been driven by optimism about a resolution to the Iran conflict.
Kania said investors remain encouraged by expanded investment plans, but are increasingly focused on execution risks including supply chains and generation-equipment orders.
How does the U.S.-Iran conflict complicate the massive energy investments needed for America's AI boom?
As AI's power demand soars, will tech giants or the public bear the cost of upgrading America's grid?
Can the U.S. power grid be rebuilt fast enough for the AI revolution amid growing supply chain and regulatory hurdles?