The prospects of the Zacks
Utility – Electric Power
industry look better in 2022 as demand for utility services from the Commercial and Industrial (C&I) group is picking up on the vaccination drive and resumption of economic activities. Per the U.S. Energy Information Administration (EIA), electricity sales to residential, commercial and industrial groups have improved in 2021 from the year-ago levels. The trend will likely continue next year as well. The National Oceanic and Atmospheric Administration’s climate prediction center forecasts below-normal temperatures along portions of the northern tier of the United States while warmer-than-average conditions are most likely across South United States and much of the country’s eastern region. The expected less favorable winter weather in some regions can lower demand and profitability in the near term.
Utilities operating in the United States are taking measures to strengthen their infrastructure. They have worked toward increasing operational resilience, lowering expenses and investing consistently to boost infrastructure and offer services more efficiently.
NextEra Energy
NEE
, with large renewable operations and well-chalked out capital investment to strengthen infrastructure, offers an excellent opportunity to stay invested in the utility space. Other utilities that are worth holding in your portfolio include
Duke Energy Corporation
DUK
,
Dominion Energy
D
and
Alliant Energy
LNT
.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
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