Will PWR benefit the most from the rebuilding of the electrical grid? Who else?Many articles abound about the failing electrical grid in the US, and that it cannot support the electrification of the transportation and manufacturing industry.
The Motley Fool( mentioned 3 companies poised to reap the benefits in 2021, Itron (ITRI), NV5 Global (NVEE), and Quanta Services (PWR) (https://www.fool.com/investing/2021/03/13/3-stocks-building-the-next-generation-energy-grid/). The last two did well, but ITRI has crashed from their high. Today, analysts seem bullish on only PWR. What other companies should I look at?
Where are you placing your bets?
WishIHad
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Two others to consider are MasTec (MTZ), not quite as levered to grid work as Quanta (PWR), or WESCO (WCC), which is the biggest distributor of cable and electrical equipment. (I own WCC). Encore Wire (WIRE) is a popular choice, too, and has had a strong run of late.
Thank you for your response. I am going to look into them.