economy
February 26, 2026
Trump says Big Tech needs to build its own power plants. These stocks should benefit
President Trump's data center pledge may have more to do with the politics of the looming mid-term elections.
TL;DR
- Major tech companies have pledged to supply their own power for data centers.
- This pledge is seen as a political response to concerns about rising electricity prices and data center energy demands.
- Data center developers are investing in new power capacity, but demand is outpacing supply.
- NextEra Energy plans to build new power capacity, including gas generation, partly to serve data centers.
- The announcement may be linked to upcoming elections and aims to demonstrate administrative action on energy costs.
- Wells Fargo highlights Constellation Energy, NRG Energy, Talen Energy, and Vistra as potential beneficiaries.
- Constellation Energy, with its nuclear and natural gas fleets, is seen as a top pick.
- The U.S. may face a power supply deficit as early as 2029 due to rising demand and plant retirements.
Continue reading the original article