MarketPR
Data center electricity load is the catalyst pulling the utility sector into focus this earnings season.
Twelve of 16 utility companies reporting during the week posted earnings per share above analyst estimates, a beat rate that is drawing attention from investors tracking where power demand growth is accumulating.
A beat rate that stands out The 12-for-16 print is the clearest signal in the week's tape. Utilities are a sector that rarely generates large earnings surprises.
The business model is regulated, revenues are largely contracted, and analyst consensus tends to be tight around the print.
Keep reading