Utility stocks present a low-risk, high-reward opportunity due to electricity distribution challenges

From Investing.com: 2024-06-21 02:29:00

272 years ago, Ben Franklin proved that lightning is a form of electricity. Today, electricity comes from coal, natural gas, nuclear fission reactions, sunlight, wind, and hydropower. Distribution involves copper, silver, gold, tungsten, and aluminum. Data centers consume 2% of the world’s electricity, expected to rise to 19% by 2028. Renewable energy solutions face challenges like cost, scalability, and grid stability. Solar energy must convert DC to AC for household use. The utility ETF XLU may be a low-risk opportunity. Market trends show potential corrections in major indices like the S&P 500 and Nasdaq.



Read more at Investing.com: Utility Stocks: A Potentially Low-Risk, High-Reward Bet Is in the Offing