3 Recession-Proof Utility Stocks to Power Up Your Portfolio This July
NEENextEra Energy(NEE) Investor Place·2024-07-13 23:55

Recession-proof utility stocks have always been stable dividend payers, making them popular long-term investments. But new exponential demand driven by artificial intelligence transforms these Wall Street wallflowers into high-growth AI plays. According to Goldman Sachs Research analysts, AI is set to drive a 160% increase in data center power demand. With interest rates potentially lowering this year, now is an opportune time to power up portfolios with utilities.These stocks carry interest rate risk that ...