Utility Stocks: A Strong Alternative to Nvidia for Investors

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Key Facts on Nvidia and Brookfield Renewable

Nvidia (NASDAQ: NVDA) has seen its stock rise over 700% in the past three years, significantly outpacing the S&P 500’s 70% increase. The company’s success is largely attributed to the growing demand for its chips among technology firms capitalizing on the AI boom.

Brookfield Renewable (NYSE: BEPC, NYSE: BEP) has secured significant power purchase agreements, including a record-breaking 10.5 gigawatts (GW) deal with Microsoft for renewable power, set to be delivered from 2026 to 2030 across the U.S. and Europe. Additionally, a 3 GW hydropower agreement with Google further solidifies its position as a key supplier for AI companies. Brookfield anticipates a more than 10% annual growth in funds from operations (FFO) per share through at least 2031, with analysts forecasting nearly 20% growth over the next three years.

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