Theme · Power Generation
Data center capex went vertical in 2024 and the grid couldn't keep up. Independent power producers (Vistra, Constellation) sold out their dispatchable generation to hyperscalers. NextEra is the largest renewables operator at the scale AI demands. GE Vernova builds the gas turbines that bridge the gap. SMR plays (NuScale, Oklo) are the speculative tail. Power is increasingly the rate-limiter on model training, not silicon.
Power Generation · 1d avg
7 tickers tracked
Signals (three independent reads)
Fund momentum
0
Funds steady — no meaningful 13F changes this quarter.
Sentiment trend (7d)
-1
4 articles · 0% bullish · split.
Canon citations
1
1 structural from Aschenbrenner.
“By 2028, training a single frontier model will require more electricity than several US states consume.”
Aschenbrenner · structural
Parallel readings, not a composite score. Composite scoring lands in v3 once each signal validates against subsequent moves.
Constituents · ranked by today’s perf
News in this theme
seekingalpha.com · 9h ago
neutralNextEra Energy stock looks undervalued vs. its history, with dividend growth and AI-driven power demand tailwinds. Click here to learn more about NEE.
insidermonkey.com · 1d ago
bearishVertiv Holdings Co (NYSE:VRT) and Eaton Corporation plc (NYSE:ETN) supply the physical infrastructure that allows data centers to operate.
TechCrunch · 1d ago
neutralBatteries are now cheaper than natural gas turbines as the data center boom pushes prices up.
zacks.com · 1d ago
neutralNextEra (NEE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Top fund exposures to Power Generation
Funds holding the most of this theme
| Fund | Positions | % of portfolio |
|---|---|---|
| Coatue ManagementAI-heavy hedge fund. Semis + hyperscaler exposure. | 11 | 12.9% |
| Tiger Global ManagementMega-cap AI conviction. Public + private crossover. | 1 | 3.9% |
| Baillie GiffordLong-duration tech. Early NVDA and Tesla holder. | 4 | 0.6% |
| Whale Rock CapitalAI + robotics conviction. Tesla, NVIDIA, Meta core. | 4 | 0.4% |