(February 2021)
The polar vortex sweeping across the south has left many American’s without energy, but investors are not as powerless in their response to this weather phenomenon. For those who were scared of the volatility in oil prices, electrical equipment suppliers may be on the move. The vortex has exposed electrical grids in deep need of investment. This market was already in a relatively good position as the economy picked back up boosting demand for electrical services. The nation’s expanding alternative energy sector also amplifies electrical suppliers as the intricacies of renewables complement their growth. John Inch, an analyst for Gordon Haskett looks to Eaton (ETN) to capitalize on the older U.S. electrical Grid. Other investors are turning to Quanta Services (PWR) and MasTec (MTZ) to capitalize on the energy crisis. Both stocks exceeded early-week price targets.
(New York)
FINSUM + Magnifi: The South’s energy crisis leaves many bullish on electrical suppliers, but even if this short-term bull run is over, the deteriorating electrical infrastructure and green policy initiatives may be reasons for a long-term bullish outlook on these stocks.
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