3 Stocks to Buy From the Prospering Electric Power Industry

Interest Rate Decline is a Tailwind: To fund maintenance, upgrades, and expansion efforts, utility companies often turn to capital markets for financing. The Federal Reserve's series of rate hikes had raised the benchmark interest rate to the 5.25-5.50% range, creating headwinds for the industry. However, the Fed has since shifted its stance, cutting rates by 100 basis points and bringing the benchmark down to 4.25-4.50%. This policy reversal is a positive development for capital-intensive, domestically ori ...