Utility Stocks Powered by AI & Cloud
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Utility stocks like Brookfield Renewable and GE Vernova are surging due to the cloud computing and AI boom, driving demand for power grid upgrades. Brookfield, with 47 gigawatts of green energy capacity, has long-term deals with tech giants, while GE Vernova, spun off from General Electric, sees orders soar from power turbines and electrification gear. Investors are excited about the outpacing demand, with Brookfields revenue projected to grow 22% yearly and GE Vernovas EBITDA expected to climb 55% annually. Despite GE Vernovas premium valuation, these stocks could continue to thrive as energy needs remain high.
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