To find AI energy stocks, we can start by looking for companies that are involved in the development and maintenance of AI technologies, as well as those that are investing in renewable energy sources to power these technologies. Here are some steps to identify AI energy stocks:
- Search for AI and Energy Stocks: Look for companies that are involved in both AI and energy sectors. These companies are likely to be at the forefront of the AI energy revolution. Examples of such companies could include those involved in developing AI-powered energy management systems, or those that are using AI to optimize their energy operations.
- Invest in Utility Companies: Utility companies are poised to benefit from the AI data center boom, as these centers require large amounts of electricity1. Entergy (ETR), Southern Co. (SO), Pinnacle West Capital (PNW), and WEC Energy Group (WEC) are some utility stocks that are expected to profit from this trend.
- Examine Energy Infrastructure Companies: Companies involved in energy infrastructure, such as Enbridge (ENB), could also be good investments as they are likely to be involved in the development of new power generation to feed AI and data centers2.
- Consider Renewable Energy Stocks: As AI and data centers require significant amounts of energy, there is a growing interest in renewable energy sources to power them. Companies like Digital Realty Trust (DLR) and First Solar (FSLR), which are involved in data center development and solar energy respectively, could be good investment options3.
- Look for Companies with Growth Potential: Bloom Energy, Core Scientific, and FTAI Infrastructure are recommended by BTIG as potential stocks to play the power shortage theme related to AI data centers4.
- Invest in Companies with Strong Dividends: Enbridge, with its history of increasing dividends and potential growth in AI-powered energy, could be an attractive investment for those looking for a combination of income and growth2.
In conclusion, when looking for AI energy stocks, it's important to consider companies involved in AI and energy sectors, utility companies poised to benefit from AI data center growth, energy infrastructure companies, renewable energy stocks, and companies with growth potential and strong dividends.