Bank of America identifies top performing power companies expected to benefit from rising demand.

From Yahoo Finance: 2024-09-30 12:08:48

Bank of America analysts predict increased electricity demand, with certain power companies set to benefit the most. DBA Sempra, Pinnacle West Capital, TXNM Energy, Entergy, and Northwestern Energy Group are identified as top performers. After two decades of stagnant growth, there is now evidence of a resurgence in electrical demand, driven by industry reshoring and technology advancements. By 2035, a need for an additional 100-300 gigawatts of effective capacity is expected. Analysts target these companies due to their regional coverage in high-growth areas. Shares of all five companies have risen this year. Source: Investopedia.



Read more at Yahoo Finance: Bank of America Says These 5 Stocks Could Benefit from Rising Power Demand