High growth utility stocks facing challenges and investing in clean energy solutions

From Yahoo Finance: 2025-04-27 07:12:00

Power and utilities companies are facing challenges in making clean, renewable energy affordable and abundant due to growing electricity demand. Data centers, EV sales, and heat pump installations are increasing, pushing utilities to invest in power generation, with solar leading the way. Spending on renewables is rising, but connecting distant sources to populated areas requires more transmission lines. Natural gas remains crucial for backup and data center demand. Utility stocks are on a hot streak, with investors seeking growth potential rather than just dividends. Stem, Inc. (NYSE:STEM) leads as a high growth utility stock, partnering with Summit Ridge Energy to optimize solar asset management. Despite revenue decline in Q4 2024, Stem remains a top choice for investors.



Read more at Yahoo Finance: Among The High Growth Utility Stocks To Invest In Now