Goldman Sachs analyst Carly Dawenport emphasized this trend ...
Goldman Sachs analyst Carly Dawenport emphasized this trend in a report, stating, "The growth of datacenters is beginning to make a meaningful contribution to electrical utilities demand, and we have already seen further positive adjustments in the pipeline."
Goldman Sachs estimates that datacenters will become the biggest driver of the growth in USA electrical utilities demand. By 2030, the compound annual growth rate of USA electrical utilities demand is expected to reach approximately 90 basis points (bps), or 2.4%.
The expected increase in demand is likely to lead to increased capital investment in transmission and generation capacity, which could further drive the utility stocks to rise in the coming years.
Best-performing utility stocks in 2024
Driven by strong earnings, strategic investments, and bullish industry factors, several utility companies have achieved significant gains this year. Here are the best-performing utility stocks as of September 11th this year:
Goldman Sachs estimates that datacenters will become the biggest driver of the growth in USA electrical utilities demand. By 2030, the compound annual growth rate of USA electrical utilities demand is expected to reach approximately 90 basis points (bps), or 2.4%.
The expected increase in demand is likely to lead to increased capital investment in transmission and generation capacity, which could further drive the utility stocks to rise in the coming years.
Best-performing utility stocks in 2024
Driven by strong earnings, strategic investments, and bullish industry factors, several utility companies have achieved significant gains this year. Here are the best-performing utility stocks as of September 11th this year:
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