American Electric Power led the sector's recovery following a bullish outlook from US Bancorp-BTIG. Analysts at the brokerage upgraded the Ohio-based utility, pointing to its strategic position to capture surging power demand from the artificial intelligence boom. By capitalizing on large-load requirements, the firm is expected to navigate the coming years of infrastructure strain better than its peers.
Utilities Rally as Treasury Yields Retreat
A cooling in long-term Treasury yields triggered a sharp rebound for power producers, offering a reprieve to a utilities sector that had languished deep in negative territory for the year. The shift in bond market sentiment provided the momentum needed for the group to claw back recent valuation losses.
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