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AI Demand · Defensive Investing · Renewable Energy · Utilities
The article, authored by Alex Sirois for InvestorPlace, recommends three utility stocks—Clearway Energy (CWEN), NextEra Energy (NEE), and The Southern Company (SO)—as robust defensive investments that offer reliable income and are well-positioned to capitalize on increasing demand for clean energy driven by artificial intelligence.
Utilities provide essential services with inelastic demand, ensuring steady earnings and strong, consistent dividends, making them attractive during recession fears. Clearway Energy offers a 6.3% dividend yield and focuses on renewable assets.
NextEra Energy, operating Florida Power & Light, is the world's largest producer of wind and solar energy, with its CEO predicting renewable energy demand will triple by 2030. The Southern Company, a regulated electricity provider in the fast-growing Atlanta market, provides a stable 3.5% dividend, last reduced in 1986, and invests in nuclear power.
Utilities Stocks: Defensive Income, AI Demand Boost(current)
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