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,...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2445418812?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1969568700/image_1969568700.jpg","is_english":true,"pubTime":"2024-06-20 22:48","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2445418812","market":"sg","top_or_hot":-1,"title":"Citi spotlights opportunities in Utilities as power grid demand increases","media":"seekingalpha","content":"<div>\n<p>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,...</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","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi spotlights opportunities in Utilities as power grid demand increases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti spotlights opportunities in Utilities as power grid demand increases\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4117499-citi-spotlights-opportunities-in-utilities-as-power-grid-demand-increases><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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,...</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":"BK4552","symbol_name":"Archegos爆仓风波概念","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":{"BK4552":"Archegos爆仓风波概念","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","BK4588":"碎股","SO":"美国南方公司","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","BK4504":"桥水持仓","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","NEE":"新纪元能源","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","VST":"Vistra Energy Corp.","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","RSPU":"Invesco S&P 500 Equal Weight Utilities ETF","DUK":"杜克能源","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE00BD4GTT62.SGD":"Legg Mason ClearBridge Infrastructure Value A SGD-H (mdis) plus","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","FDN":"First Trust Dow Jones Internet I","LU0106831901.USD":"贝莱德世界金融基金A2","BK4566":"资本集团","LU1917777945.USD":"安联专题基金Cl AT Acc","AEP":"美国电力","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","D":"道明尼资源","PCG":"太平洋煤气电力","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","CEG":"Constellation Energy Corp","BK4081":"电力公用事业","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1"},"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":"4.28.1","shortVersion":"4.28.1","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"}