Nobody's Talking About This Energy Company, but It's Quietly Signing the Power Deals Feeding the AI Build-Out
Clearway Energy is emerging as a key player in AI power.
Overview
When investors want to play the AI power boom, the first names that come to mind are hot stocks in emerging energy technologies, such as advanced fuel cell maker Bloom Energy (NYSE:BE) and small modular reactor developer Oklo (NYSE:OKLO). Bloom has major AI partnerships with Oracle and Brookfield, while Oklo has deals with Meta Platforms and Switch.
One company almost no one is talking about is the high-yielding clean-power producer Clearway Energy (NYSE:CWEN). That's a mistake. Its parent (Clearway Energy Group) quietly signed a nearly 1.2-gigawatt (GW) deal to build renewable power for Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), and it's getting paid much more for the power produced at some of its legacy assets because the new power buyer is a hyperscaler with voracious energy needs.
Details
That's only the beginning. AI power is one of the catalysts that make Clearway among the top renewable energy stocks to buy.
Source
Originally published at www.fool.com.