In this article, we are going to discuss the 10 best-performing utility stocks in 2025.The S&P Utilities index surged by 12.7% in 2025, lagging behind the 16.4% gains posted by the overall S&P 500 during the year. With hundreds of billions of dollars pouring into power-hungry data centers, the utilities sector has emerged as one of the biggest winners of the ongoing AI boom.Multiple hyperscalers signed long-term power purchase agreements (PPAs) with utility companies last year to make sure that they had eno ...

Summary of the Americas Thematic Focus List Conference Call Industry and Company Overview - **Industry**: The thematic focus is on various sectors across North America and Latin America, particularly in technology, energy, healthcare, and education. - **Companies Featured**: The focus list includes notable companies such as Amazon, Microsoft, NVIDIA, Eli Lilly, and Walmart, among others. Key Themes for 2026 1. **Tech Diffusion**: Emphasizes the rapid adoption of AI technologies across various sectors, with significant implications for productivity and competitive dynamics [12][14]. 2. **The Future of Energy**: Focuses on the increasing demand for energy driven by AI infrastructure and the transition to renewable energy sources [12][17]. 3. **The Multipolar World**: Highlights the shift towards localized supply chains and national economic security, impacting multinational corporations [12][13]. 4. **Societal Shifts**: Explores the implications of demographic changes, AI-driven employment disruption, and evolving consumer preferences [12][18]. Americas Thematic Focus List - **List Composition**: The focus list includes 18 high-conviction stock ideas, with a target holding period of 12-18 months [9][20]. - **Key Companies on the List**: - **Amazon (AMZN)**: Positioned as a leader in AI infrastructure, with a projected 32% upside to a price target of $238.18 [23]. - **Microsoft (MSFT)**: Expected to capture significant AI spending, with a 42% upside to a price target of $456.66 [23]. - **Eli Lilly (LLY)**: A leader in the GLP-1 market, with a 25% upside to a price target of $1,032.97 [23]. - **Walmart (WMT)**: Leveraging AI for operational efficiency, with a 13% upside to a price target of $119.20 [23]. Methodology and Specifications - **Focus List Size**: 15-20 stocks, with equal weighting upon construction [21]. - **Sector Weights**: No fixed sector weights, aiming for diversification [21][22]. - **Regional Weights**: Targeting 80-85% in the USA and 15-20% in Latin America [28]. Important Insights and Data - **Amazon's Growth**: Amazon's custom silicon strategy has grown 150% sequentially, indicating strong demand for its AI capabilities [29]. - **Eli Lilly's Market Potential**: The global diabesity market is projected to exceed $150 billion by the early 2030s, with significant growth opportunities for Eli Lilly [39]. - **NVIDIA's Dominance**: NVIDIA is positioned to capture a significant share of the projected $3-4 trillion in annual AI infrastructure spending by the end of the decade [53]. - **Walmart's AI Strategy**: Walmart's AI initiatives have led to a 50% automation rate in its supply chain, significantly reducing delivery costs [68]. Conclusion The Americas Thematic Focus List presents a strategic overview of high-conviction investment opportunities across key sectors, driven by transformative themes such as technology diffusion and energy transition. The insights provided highlight the potential for significant growth and the evolving landscape of investment in the Americas.

January 16, 2026 01:52 AM GMT China Utilities | Asia Pacific State Grid Confirms Rmb4tn Capex Plan for 15th FYP Asia Pacific Industry View Attractive State Grid has confirmed a Rmb4trn capex plan for the 15th FYP, 40% higher than the 14th FYP and in-line with our estimates. The proposed capex implies a 7% CAGR during 2026-30. We think NARI, Pinggao and XJ Electric will benefit most. Key Takeaways On Jan 15, State Grid announced a Rmb4,000bn capex plan for the 15th Five-year Plan (FYP) – a 40% increase over ...

Core Insights - Google is securing significant future power supplies to support its data centers, which are essential for Google Cloud and AI initiatives like Google Gemini [1][11] - The company has signed multiple power purchase agreements (PPAs) to ensure a stable supply of carbon-free energy [2][3] Power Supply Agreements - Google has signed PPAs with Clearway Energy Group for nearly 1.2 gigawatts (GW) of carbon-free energy, which will help power its data centers [2][3] - Clearway Energy plans to start construction on projects totaling over 1 GW this year, with commercial service expected to begin in 2027 and 2028 [4] Energy Consumption Context - Traditional data centers consume 10 to 50 times more energy per floor space than typical office buildings, and AI chatbot queries consume nearly 10 times as much electricity as standard Google searches [1] Strategic Partnerships - Google has also signed a Hydro Framework Agreement with Brookfield Renewable for up to 3 GW of hydropower, marking the world's largest hydro power deal [7] - A collaboration with NextEra Energy includes a 25-year PPA to support the restart of the Duane Arnold Energy Center, adding 615 MW of capacity [8][10] Future Growth and Financial Implications - The strategic moves to secure power supplies are seen as essential for Google's growth in AI, allowing the company to focus on developing powerful AI tools while ensuring stable energy costs [11] - The PPAs will provide power suppliers with growing cash flow, potentially increasing dividends and generating strong total returns for shareholders [11]

"过去登高检修依赖外协人员，如今我们已具备全链条自主实施能力。"输电运检三班班长冯小军说。 2025年，该班组成员独立完成220千伏线路可视化装置安装调试，实现从工作票编制到高空作业的全流 程自主实施。 该班组依托劳模创新工作室，推动无人机巡检、智能图像识别等技术落地，全年完成无人机精益化巡检 239基、红外测温62基、线路消缺35次，实现从全业务实心运转。 转自：扬子晚报 2026年1月，国网盐城供电公司一线核心标杆班组年度评价结果出炉：创建的9个主业专业全覆盖标杆班 组中，有8个在全省同类型标杆班组中达到"达标"水平，标志着该公司在推动核心业务回归班组、提升 自主实施能力方面取得阶段性成效。 2024年以来，国网盐城供电公司围绕"业务自主化、作业标准化、队伍专业化"目标，系统规 划"1+5+3+2"建设路径，构建以"铁的目标、铁的队伍、铁的本领、铁的成果、铁的机制"为核心的"五 铁"工作体系，全面激活班组这一最小作战单元，形成了一批可复制、可推广的基层建设经验。 从"知道"到"做到"，实践锤炼真功夫 "本次你们利用盐城地区500千伏高荣变扩建的机会，在工地现场进行业务实干和人员实战，是变电专业 标杆班组建 ...

Core Insights - ComEd has presented its second multi-year grid plan (MYGP) for 2028-2031, focusing on critical investments to enhance grid reliability and address rising energy demands amid extreme weather challenges [1][2] Investment and Economic Growth - The new grid plan aims to ensure reliable energy delivery and affordable rates while supporting Illinois' clean energy and economic development goals, as outlined in the Illinois Climate and Equitable Jobs Act (CEJA) and the Clean and Reliable Grid Affordability Act (CRGA) [2] - The plan includes targeted investments to accommodate the energy needs of new commercial projects, which last year represented over $13 billion in planned investment and approximately 2,200 new jobs in the ComEd region [2] Long-Range Strategy - ComEd's Long-Range Strategy (LRS) underpins the MYGP, focusing on growth driven by large load projects, electrification, and severe weather resilience [3] Features of the MYGP - The 2028-2031 MYGP builds on previous investments and addresses current challenges with cost-effective solutions [4] - The plan includes investments to meet unprecedented load growth, facilitate new customer connections, and increase energy capacity at over 70 substations [6] - It aims to accelerate renewable energy growth through infrastructure investments that simplify solar and wind interconnections, with over 1.4 gigawatts (GW) of distributed solar generation currently connected [6] - Investments will support the clean energy transition by developing residential and commercial solar projects, battery storage, and advanced grid management technologies [6] Affordability and Customer Impact - ComEd evaluates affordability to ensure that total home energy costs do not exceed 3% of average household income for non-electric space heat customers or 6% for space heat customers, as approved by the ICC [7] - Projections indicate that the average residential customer will spend 1.47% of their household income on electricity in 2028, increasing to 1.56% by 2031 [7] Competitive Rates - ComEd's electric rates are among the most competitive in the nation, with average residential rates at 15.34 cents per kilowatt hour (kWh), which is 22% below the average in the Top 20 Metropolitan markets [8] Financial Assistance Programs - In 2025, ComEd provided $108 million in assistance to 220,000 customers, including a Customer Relief Fund of $10 million [9] - The company plans to return over $803 million to customers from nuclear plants and has achieved $12 billion in savings for customers through its energy assistance program [9] Regulatory Process - The Illinois Commerce Commission (ICC) will decide on ComEd's MYGP by the end of the year after an 11-month review process [10] - The plan estimates an increase of about $2.50 to $3.00 in the average monthly residential customer bill starting in 2028, with similar adjustments in subsequent years [10] Company Overview - ComEd is a unit of Exelon Corporation, serving over 10.7 million electricity and natural gas customers, making it the largest utility in the U.S. [11]

"他们连我服用哪种降压药都记得住！"周玉珍抚摸着更换了三次封面的记事本。最新一页记录着2020年 新入职的"95后"电力职工姚小孟，他暴雨天蹚水送来降压药的事被老人记录在册，并标注"第43个家 人"。从初遇周玉珍至今，20多年来，7684057供电服务热线共接到该老人562次来电，虽然从没有一次 来电与电路故障相关，老人却次次得到电话这端最暖心的回应。服务热线串联起的，是43位志愿者跨时 代接力书写的孝心长卷。 2017年盛夏，北航博士韩壮送来的锦旗，揭开了7684057另一个温暖维度。1997年秋，这个号码首次 以"助学热线"的身份，进入贫困学童的生活。时任所长刘杰在走访中发现，成绩优异的小韩壮因家贫面 临辍学，当即在值班室发起募捐："我们不仅要为百姓送电，更要输送希望。" 此后6年，7684057成了韩壮特殊的"亲情专线"。小韩壮每次考试进步都会拨打这个号码报喜，遇到难题 就通过电话请教"电工老师"。最温暖的记忆停留在千禧年除夕，供电志愿者特意把年夜饭带到韩家，教 会孩子包出第一个完整的饺子。如今，这份温暖还在延续，迁安镇供电所以7684057为纽带，托举起一 个又一个学子的读书梦，累计资助学生已达到37 ...

Small caps continued their upward march, with the Russell 2000 notching a fresh all-time high for the eleventh consecutive session and outperforming the S&P 500 for eleven straight days—the longest such streak since 2008.Wall Street investors appear to be rotating into small- and mid-cap names, which are increasingly seen as offering the greatest potential for earnings surprises, supported by expectations of strong U.S. economic momentum in the final quarter of last year.Industrial production rose by a stro ...

Group 1 - The company maintains a "BUY" recommendation on Constellation Energy (CEG) as it is viewed as the only large-cap option providing exposure to carbon-free electric power in the United States [1] Group 2 - The analyst has a beneficial long position in CEG shares through stock ownership, options, or other derivatives, indicating a personal investment interest in the company [3]

转自：贵州日报 2025年以来，南方电网贵阳供电局贯彻落实贵州省委、省政府和南方电网公司、贵州电网公司支持"强 省会"工作要求，加大管理创新、科技创新力度，持续深入推进新型电力系统建设，通过加强精益化运 维、数字化转型等手段进一步打造坚强电网，护航经济社会高质量发展。 政企联动共破管沟难题 城市地下纵横交错的电力管沟，是支撑城市运行的"生命线"，承载着电力输送、通信传输等核心功能。 近期，贵阳金阳供电局积极对接协调贵阳市观山湖区政府，联动各通信运营商，系统攻坚强弱电缆"共 沟"顽疾。 受早期规划局限、城市空间资源紧张等历史因素影响，观山湖区部分地下电力管沟长期存在强弱电混 敷、高低压共沟的乱象，不仅威胁电网运行安全，更成为城市公共安全的隐患。 贵阳金阳供电局构建起"电网主动牵头、政府统筹保障、多方协同参与"的治理格局，积极协调观山湖区 政府统筹调度区大数据局、住建、城管等部门力量，联合电信、移动、联通等通信运营商形成治理合 力。同时依托南方电网"百千人才下基层"机制，由来自广东电网东莞供电局的交流干部将广东地区成熟 的"整线成片"治理经验引入观山湖，为治理工作提供了关键思路支撑。 贵阳金阳供电局牵头组织专业技 ...