Artificial intelligence data centers will require plenty of electricity – and that could bode well for a select group of utility stocks, Evercore ISI said.
He expects the power load from data center and/or AI to be met 50% with gas, 25% with solar and 25% with wind.
Baltimore-based Constellation Energy was highlighted by Evercore, which rates the stock as outperform.
CEG YTD mountain Constellation energy stock has climbed nearly 63% in 2024.
VST YTD mountain Vistra stock has climbed more than 90% in 2024.
Persons:
bode, Durgesh Chopra, Chopra, Vistra, Evercore
Organizations:
McKinsey & Co, Constellation Energy, Public Service Enterprise Group, AES Corp
Locations:
Baltimore, U.S