According to TD Cowen, the increasing electricity demand from data centers and the need for modernization of utility infrastructure present a unique opportunity for utility companies. Top pick Vistra Energy has room to grow to 250 USD.
Reading Time: 2 minutes
The increasing electricity demand from large data centers is bringing public power infrastructure into focus: In 2023, data centers worldwide consumed more electricity than France, and this demand could triple by 2030. Vistra Energy (VST) is benefiting from this trend. The Fortune 500 company based in Texas reliably supplies customers from California to Maine with power from natural gas, nuclear, coal, solar, and battery plants. Vistra emphasizes reliability, affordability, and sustainability. Currently, Vistra is advancing the expansion of its...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
