Utilities could benefit from rising investment tied to AI and data centers, as several companies in the sector have lifted their long-term annual earnings growth outlooks to the high-single- to low-double-digit range.
According to NS3.AI, Wells Fargo Advisors said electric utilities are likely to see the greatest benefit from data center demand.
Wells Fargo Advisors also said dividend yields of 2% to 3% support what it described as attractive total return prospects.
AI TRENDS | Utilities Seen Benefiting From AI and Data Center Investment, Wells Fargo Advisors Says
2026-06-05 13:13:31
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