1 Must-Own Energy Stock for the Coming Power Boom
Electricity demand in the U.S. has meandered along for the past couple of decades. It has only increased by about 9% as energy efficiency gains helped offset demand growth. However, the outlook for the next 20 years is much more bullish. Forecasters expect power demand to surge 55%, about 6 times faster than it has grown over the past two decades. Demand catalysts include artificial intelligence (AI) data centers, the onshoring of manufacturing, the electrification of everything, and growing commercial, residential, and industrial electricity usage.Few energy companies are in a better position to capitalize on the coming power boom than NextEra Energy (NYSE: NEE). It's the undisputed leader in the utility sector. Because of that, it's in an excellent position to grow its business and shareholder value in the coming years, making it a must-own energy stock to cash in on this megatrend. Continue reading
Electricity demand in the U.S. has meandered along for the past couple of decades. It has only increased by about 9% as energy efficiency gains helped offset demand growth.
However, the outlook for the next 20 years is much more bullish. Forecasters expect power demand to surge 55%, about 6 times faster than it has grown over the past two decades. Demand catalysts include artificial intelligence (AI) data centers, the onshoring of manufacturing, the electrification of everything, and growing commercial, residential, and industrial electricity usage.
Few energy companies are in a better position to capitalize on the coming power boom than NextEra Energy (NYSE: NEE). It's the undisputed leader in the utility sector. Because of that, it's in an excellent position to grow its business and shareholder value in the coming years, making it a must-own energy stock to cash in on this megatrend.
