If energy sector booms due to data centers which energy subcategory will trend hardest?
Saw a documentary last night comparing USA to china and how china is moving towards renewables. Doc also mentioned how far behind the US is with power. Not sure how many more data centers will be built but "The proposed "Stratos Project" hyperscale data center in Box Elder County, Utah, is expected to consume (9GW) of power at full buildout"
Based on that documentary I think energy can skyrocket and be the next top trending sector.
I've been researching some energy stocks:
These are my favorites:
BTE, CVE, EFXT, KGS, NESR, SEI
but these are all oil and gas
Is it possible renewables will be the next move? Or nuclear?
Did a scan of everything and oil and gas seems most interesting with solid movement and great price action.
Lots of posts say solar but, imo solar is slow and can't power data centers. Solar stocks are also stagnant and/or dead price action.
Maybe ticker: NXT
Nuclear stocks and ETFs look stagnant right now and/or dead
My point of post is, oil and gas is a "finite resource" - not unlimited, can oil and gas still be the trending sub sector in a few years? It can't possibly sustain the amount of energy our grids are going to require in the future not to mention when the average citizen is already paying the price of increased bills.
Another sub sector I think that can benefit from this is the construction companies.
Some tickers I'm eying are:
FIX, MTZ, MYRG (MYRG, MTZ says on the website they do energy infrastructure)
Could run up massively