General Infrastructure Partners (GIP) is reportedly close to a $38 billion deal to acquire AES, a renewable energy grid company. AES stock surged on the news, exceeding its upper Bollinger Band on heavy volume. BlackRock’s GIP unit is said to be behind the bid, signaling a significant move into the utility space.

The potential acquisition highlights the rising base load price of electricity, impacting households. Market strategist John Rowland notes the importance of this development, especially in providing power to AI data centers. The trend raises questions about regulatory pushback and the impact on consumers amid inflation concerns.

Stay informed on the latest in Power & Infrastructure Stocks by following Barchart and tuning into the Market on Close livestream for insights from John Rowland. The reported interest from GIP in acquiring AES underscores the growing importance of energy supply in supporting AI infrastructure.

Read more at Yahoo Finance: They ‘Don’t Care How Much It Costs; They Just Want Electricity,’ and the AI Infrastructure Stocks to Watch Now