AI Needs Power: Invest in High-Yield Utility Stocks to Ride the Electricity Demand Wave

During Brookfield Renewable’s (NYSE: BEP)(NYSE: BEPC) fourth-quarter 2024 earnings call, the company’s CEO stated very clearly that, “Following several decades of modest electricity demand growth, we are experiencing a dramatic shift in demand driven by the AI revolution.” Brookfield’s CEO went on to explain that he believes artificial intelligence (AI) is “one of, if not the most, significant advancement in technology in our lifetime.”