These 3 stocks are soaring as the U.S. rushes to patch its electrical grid

Stocks and Investing Stocks and Investing

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These 3 stocks are soaring as the U.S. rushes to patch its electrical grid

^{Published on 2024-12-27 12:21:09 - MSN}

Much of the grid was built over 50 years ago, and AI data centers are just one reason energy demand has skyrocketed.

The article from MSN discusses the surge in demand for electrical grid infrastructure in the U.S., driven by the need to modernize and expand the aging grid to support increasing energy demands, particularly from renewable sources. Three companies are highlighted for their significant growth in this sector: Quanta Services, Inc., which has seen its stock rise by 50% over the past year due to its role in providing infrastructure solutions for electric power; Eaton Corporation, whose stock has increased by 70% as it supplies electrical components crucial for grid enhancements; and AZZ Inc., with a 60% stock increase, focusing on galvanizing services and electrical products essential for grid resilience. The article points out that these companies are benefiting from government initiatives like the Infrastructure Investment and Jobs Act, which allocates funds for grid improvements, and the broader push towards electrification and sustainability, making their stocks attractive to investors looking at long-term growth in the energy sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/these-3-stocks-are-soaring-as-the-u-s-rushes-to-patch-its-electrical-grid/ar-AA1wApcm ]

N@N

These 3 stocks are soaring as the U.S. rushes to patch its electrical grid