Buy This Utility Stock. It Should Thrive as America Goes Electric.
Buy FirstEnergy Stock. It Should Thrive as America Goes Electric. | Barron’s
The U.S. is trying to wean itself off fossil fuels, and
an Ohio-based electric utility, should be among that campaign’s winners.
The outlook for electric utilities is the best in decades, as they invest in transmission grids and renewable power to meet demand from electric vehicles, heating, and appliances. The whole sector is heating up.
Warren Buffett’s Berkshire Hathaway
(ticker: BRK.A) already owns MidAmerican Energy, one of the nation’s largest utilities. Buffett likes the group’s steady, regulated returns.