Reported 6 days ago
In the wake of Donald Trump's election victory, asset managers are shifting their investments toward grid stocks, anticipating that this sector will thrive despite his anti-ESG stance. Analysts highlight grids and the necessary equipment as among the best-positioned areas in the energy transition, with notable gains in stock prices for companies like Eaton Corp. and Rockwell Automation. As demand for energy is projected to surge, particularly from tech companies, the emphasis on US power infrastructure is expected to create significant growth opportunities for grid-related investments, despite concerns over renewable energy development under the new administration.
Source: YAHOO