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Theme · 40 companies

Utilities

Boring companies with extraordinary cash flows.

26
pure play
14
major beneficiary

Who's connected.
And how.

27 / 44 themes
Pure Play
Core business is this trend
NEENEE
NEE
NextEra Energy
Pure Play

The most valuable utility in the world. Combines Florida Power & Light (a regulated electric utility) with NextEra Energy Resources (the world's largest wind and solar generator). The only utility that is also a major growth company.

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DUKDUK
DUK
Duke Energy
Pure Play

Serves 8 million customers across the US Southeast and Midwest. One of the largest electric utilities in America. Investing $65B+ over the next decade to modernise its grid and add renewable capacity to meet EV and data centre demand.

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SOSO
SO
Southern Company
Pure Play

Operates electric and natural gas utilities across the US South. Built the Vogtle nuclear plant — the first new US nuclear reactor in decades. Earns a guaranteed return on investment set by regulators, making earnings highly predictable.

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AEPAEP
AEP
American Electric Power
Pure Play

One of the largest electricity transmission operators in the US, owning 40,000 miles of high-voltage lines. The grid operator connecting power plants to millions of homes and businesses. Grid modernisation is a multidecade capital spending tailwind.

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CEGCEG
CEG
Constellation Energy
Pure Play

Linked to Nuclear Power. Relies on Cameco. Competes with Vistra and NextEra Energy.

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VRTVRT
VRT
Vertiv
Pure Play

Linked to Power Management. Customers include Microsoft, Alphabet and Amazon. Competes with Eaton and Hubbell.

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OKLOOKLO
OKLO
Oklo
Pure Play

Linked to Nuclear Power. Customers include Microsoft. Competes with Constellation Energy and NuScale Power.

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SMRSMR
SMR
NuScale Power
Pure Play

Linked to Nuclear Power. Relies on Cameco. Competes with Oklo and Constellation Energy.

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ETNETN
ETN
Eaton
Pure Play

Linked to Power Management. Customers include Microsoft, Amazon and Alphabet. Competes with Vertiv and Hubbell.

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PWRPWR
PWR
Quanta Services
Pure Play

Linked to Grid Modernisation. Customers include NextEra Energy, Amazon and Microsoft. Competes with EMCOR Group.

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ONON
ON
ON Semiconductor
Pure Play

Linked to Power Electronics. Customers include Ford, General Motors and Tesla. Competes with STMicroelectronics and NXP Semiconductors.

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MPWRMPWR
MPWR
Monolithic Power Systems
Pure Play

Linked to Power Electronics. Customers include NVIDIA and Microsoft. Competes with Texas Instruments and Analog Devices.

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XELXEL
XEL
Xcel Energy
Pure Play

Linked to Utilities & Grid Infrastructure. Relies on First Solar and GE Vernova. Competes with Duke Energy and American Electric Power.

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EXCEXC
EXC
Exelon
Pure Play

Linked to Utilities & Grid Infrastructure and Data Centre Energy. Relies on BWX Technologies and GE Vernova. Competes with Duke Energy and Southern Company.

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ETRETR
ETR
Entergy
Pure Play

Linked to Utilities & Grid Infrastructure. Relies on GE Vernova. Competes with Duke Energy and Southern Company.

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PEGPEG
PEG
PSEG
Pure Play

Linked to Utilities & Grid Infrastructure and Data Centre Energy. Relies on GE Vernova. Competes with Exelon and Duke Energy.

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EIXEIX
EIX
Edison International
Pure Play

Linked to Utilities & Grid Infrastructure. Relies on First Solar and GE Vernova. Competes with Duke Energy and PG&E.

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FEFE
FE
FirstEnergy
Pure Play

Linked to Utilities & Grid Infrastructure. Relies on GE Vernova. Competes with Exelon and American Electric Power.

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TTTT
TT
Trane Technologies
Pure Play

Linked to Smart Buildings and Data Centre Energy. Customers include Microsoft and Amazon. Competes with Honeywell and Emerson Electric.

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NNENNE
NNE
Nano Nuclear Energy
Pure Play

Linked to AI Data Centre Power. Relies on Cameco. Competes with Oklo and BWX Technologies.

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GEVGEV
GEV
GE Vernova
Pure Play

Linked to AI Data Centre Power and Gas Turbines. Customers include NextEra Energy and Amazon. Competes with Siemens Energy and Vertiv.

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AWKAWK
AWK
American Water Works
Pure Play

Linked to Water Infrastructure and Utilities. Competes with American States Water and SJW Group.

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XYLXYL
XYL
Xylem
Pure Play

Linked to Water Infrastructure. Competes with Danaher and Ecolab.

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GNRCGNRC
GNRC
Generac Holdings
Pure Play

Linked to Power Generation. Competes with Caterpillar and Cummins.

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KPELYKPELY
KPELY
Korea Electric Power
Pure Play

Linked to Utilities. Competes with NextEra and Duke Energy.

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DD
D
Dominion Energy
Pure Play

Linked to Utilities. Competes with NextEra and Duke Energy.

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