Grid Tech Stocks Are Poised to Soar Even Further Amid AI Bubble Fears
Companies that service power grids are surging, and analysts at JPMorgan and elsewhere see that trend continuing amid the AI boom and push for electrification.
Wind turbines and electricity power lines in Zaragoza, Spain.
Photographer: Angel Garcia/BloombergWhile some corners of energy markets have looked pretty frothy of late, one segment has Wall Street betting it won’t get trapped in a bubble: grid tech stocks.
Despite sector-wide gains of some 30% this year, grid tech stocks remain an attractive target, according to Steve Tusa, managing director and senior equity analyst at JPMorgan Chase & Co. Grid tech encompasses a range of hardware makers and software developers as well as utility-scale battery installers. Tusa says investors would be well advised to take advantage of small dips in share prices.