Jefferies Says These 2 Utility Stocks Could Benefit From the Rising Demand for Data Centers [Yahoo! Finance]
Talen Energy Corporation (TLN)
Company Research
Source: Yahoo! Finance
Utility investors can take heart, however, as long-term trends are bullish for utility stocks. Demand for electricity is growing, powered in part by the AI boom, and its dependence on power-hungry data centers, and in part by the advent of electric vehicles, with their own demands on the power grid. Watching the electric utility sector from Jefferies, analyst Julien Dumoulin-Smith sees utility stocks as a good choice for investors. “It is impossible to understate the transformation underway with the proliferation of data centers,” Dumoulin-Smith said. “The unregulated merchants can capture outsized profits and cash flows. There are a wide range of demand growth projections from various parties with the consensus being roughly 2-4% annual demand growth through 2030 driven predominately by data centers. Data center demand is forecasted by BCG and others to represent 6-8% of total US demand vs 2-3% currently.” The analyst has taken this general stance and used it to back up two sp
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TLN
News
- Is Talen Energy Corporation (NASDAQ:TLN) an Unstoppable Growth Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance
- Talen Energy Announces Increase in Share Repurchase Program CapacityGlobeNewswire
- Talen Energy Announces Receipt of Escrowed Funds for Cumulus Data Center Campus TransactionGlobeNewswire
- Talen Energy Reports Second Quarter 2024 Results and Raises 2024 GuidanceGlobeNewswire
- Talen Statement on FERC’s Issuance of a Deficiency Letter Regarding Susquehanna ISA and New Generic Proceeding Initiating a Commissioner-led Technical ConferenceGlobeNewswire
TLN
Sec Filings
- 9/5/24 - Form 8-K
- 7/12/24 - Form 4
- TLN's page on the SEC website