Citi spotlights opportunities in Utilities as power grid demand increases

seekingalpha06-20

Citi Research said on Thursday that power grids are key to the energy transition, and parts of the world that support the best renewables resources are most often far from demand centers. As a result,...

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As a result,...</p>\n\n<a href=\"https://seekingalpha.com/news/4117499-citi-spotlights-opportunities-in-utilities-as-power-grid-demand-increases\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AEP","symbol_name":"美国电力","start_time":0,"source_url":"https://seekingalpha.com/news/4117499-citi-spotlights-opportunities-in-utilities-as-power-grid-demand-increases","article_id":"2445418812","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1969568700/image_1969568700.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445418812","pubTimestamp":1718894919,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Citi Research said on Thursday that power grids are key to the energy transition, and parts of the world that support the best renewables resources are most often far from demand centers. As a result,","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AEP":"美国电力","BK4550":"红杉资本持仓","BK4588":"碎股","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","BK4552":"Archegos爆仓风波概念","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","CEG":"Constellation Energy Corp","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4504":"桥水持仓","RSPU":"Invesco S&P 500 Equal Weight Utilities ETF","LU0106831901.USD":"贝莱德世界金融基金A2","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","VST":"Vistra Energy Corp.","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","D":"道明尼资源","DUK":"杜克能源","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","IE00BD4GTT62.SGD":"Legg Mason ClearBridge Infrastructure Value A SGD-H (mdis) plus","PCG":"太平洋煤气电力","FDN":"First Trust Dow Jones Internet I","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4081":"电力公用事业","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","BK4566":"资本集团","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","NEE":"新纪元能源","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","SO":"美国南方公司","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC"},"translate_title":"随着电网需求的增加，花旗强调公用事业的机遇","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VST":1,"AEP":1,"DUK":1,"D":1,"CEG":1,"NEE":1,"PCG":1,"RSPU":1,"SO":1,"FDN":0.9},"content_text":"Citi Research said on Thursday that power grids are key to the energy transition, and parts of the world that support the best renewables resources are most often far from demand centers. As a result, the institution spotlighted the growth prospects of renewables and power grids in key regional markets. “In the US, some utilities plan to spend 20%-50% of total capex in next few years on regulated renewable and transmission spending. The scale of the challenge is enormous: There are more than 2,600GW of projects in the queue currently, larger than the capacity of all electrical plants in operation,” Citi Research said. The investment firm added: “In Europe, to achieve the EU’s target of 45% renewables share in 2030, around €180bn in investments into the high voltage electricity grids is required.” The S&P 500 (SP500) Utility sector has gained more than 9% so far this year, and has been the fourth-best performing among the 11 S&P sectors. Its accompanying Utilities Select Sector SPDR Fund ETF (NYSEARCA:XLU) has done even better, climbing more than 10%. The advance has been helped by a growing perception that the Utilities sector has become an artificial intelligence (AI) play. AI is expected to drive a 160% increase in data center power demand by the end of this decade, according to a research report published by Goldman Sachs in May. US utilities will need to invest around $50B in new generation capacity just to support data centers alone, Goldman predicted.  For investors that are tracking the investments into and around the power grid, they may look to further analyze utilities-based stocks and exchange-traded funds. Outlined below are some popular names along with each year-to-date performance. Utilities Stocks: NextEra Energy (NEE) +15.9%, Southern Company (SO) +11.1%, Duke Energy (DUK) +3.1%, Constellation Energy Corporation (CEG) +88.5%, American Electric Power Company (AEP) +7.8%, Dominion Energy (D) +5.1%, Vistra Corp. (VST) +127.3%, and PG&E Corporation (PCG) -1.7%. Utilities ETFs: Vanguard Utilities Index Fund ETF (NYSEARCA:VPU) +9.4%, Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) +9%, iShares U.S. Utilities ETF (NYSEARCA:IDU) +10.4%, and the Invesco S&P 500 Equal Weight Utilities ETF (RSPU) +7.5%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445418812"}