3 Utility Stocks That Will Boost Your Portfolio Regardless of Economic Conditions This July

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Recession-Proof Utility Stocks to Power Up Your Portfolio

Title: “AI Demand Sparks Growth in Recession-Proof Utility Stocks: NextEra Energy, Southern Company, and WEC Energy Group”

In a surprising turn of events, recession-proof utility stocks are now being seen as high-growth plays thanks to the exponential demand driven by artificial intelligence (AI). According to Goldman Sachs Research analysts, AI is expected to drive a 160% increase in data center power demand, leading to a surge in the utility sector.

Among the top players in this transformation are NextEra Energy (NEE), Southern Company (SO), and WEC Energy Group (WEC). These companies have positioned themselves to capitalize on the AI boom by investing in infrastructure upgrades and renewable energy projects.

NextEra Energy, one of the largest electric utilities in the U.S., has seen strong growth in its customer base and renewable energy portfolio. With plans to invest billions in infrastructure over the next few years, the company is well-positioned to benefit from the increasing demand for electricity to power data centers and AI technology.

Southern Company, based in Atlanta, has also reported strong financials and steady growth in its regulated electric and gas utilities. The completion of major infrastructure projects like the Plant Vogtle nuclear facility further solidifies its position as a stable choice among recession-proof utility stocks.

WEC Energy Group, headquartered in Wisconsin, has a track record of consistent dividend growth and earnings stability. With a focus on reliable service and shareholder returns, the company is set to benefit from its recent approval for a distribution project in partnership with Microsoft to support AI innovation.

As the utility sector evolves to meet the growing demand for electricity driven by AI, investors are urged to consider these recession-proof stocks for their portfolios. With the potential for significant growth and stable returns, NextEra Energy, Southern Company, and WEC Energy Group are leading the charge in this new era of utility investing.