#grid-modernization

#grid-modernization

24/7 Wall St. hosts Doug McIntyre and Lee Jackson analyze a major move by BlackRock to acquire the utility company AES, describing it as the beginning of a larger wave of consolidation across the utility and banking sectors. It could signal how companies like BlackRock might be positioning themselves to control the energy sources needed to power data centers and AI infrastructure.

Wall Street anticipates double-digit revenue growth for GEV, coupled with significant margin expansion driven by the scaling of operations and restructuring efforts.