Utility stocks have lagged behind the broader market due to rising interest rates that have raised the cost of borrowing for the capital-intensive businesses.
The prospects for rate cuts and the buildout of data centers, which have a voracious appetite for electricity, have turned the utility sector into one of this year's best performers.
Wall Street is also much more upbeat about utility stocks and has upgraded their ratings on them, leading to significant growth this year.
Brookfield Infrastructure Partners is not your run of the mill utility; it diversifies its operations across global infrastructure, enhancing its stock performance.
[
Collection
]
[
|
...
]