Top Utilities Stocks to Watch: HSBC’s Preferred Picks

What happened: HSBC named five preferred utilities stocks it rates Buy, saying they are positioned to benefit from rising electricity demand from data centers and AI infrastructure. Key numbers: Target prices: ETR USD123.50 (17.5% upside), PNW USD119.50 (15.5%), NEE USD103.00 (29.1%), NI USD49.50 (16.0%), SRE USD97.50 (16.9%). Why it matters: HSBC cites above-average growth prospects and strong execution in an evolving power landscape, with rate base growth rates well above historical averages across its selections. Market: -0.4% today ($141.90), +17.9% YTD, 0.8x vol — as of 08:00 UTC

HSBC named five preferred utilities stocks it rates Buy, saying they are positioned to benefit from rising electricity demand from data centers and AI infrastructure.

HSBC cites above-average growth prospects and strong execution in an evolving power landscape, with rate base growth rates well above historical averages across its selections. Market: -0.4% today ($141.90), +17.9% YTD, 0.8x vol — as of 08:00 UTC