U.S. electricity demand to rise 2.4% annually, driven by AI, electrification, needing $50B investments; Quanta Services, Emcor Group, American Superconductor Corp. expected to benefit.

U.S. electricity demand is projected to rise by 2.4% annually through 2030, driven by AI and electrification trends, necessitating $50 billion in new investments. Three stocks poised to benefit are: Quanta Services, a leader in electric infrastructure; Emcor Group, which provides diverse electrical services; and American Superconductor Corp., known for its advanced grid technologies. These companies are well-positioned to capitalize on this growing demand.

September 29, 2024
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