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Time To Get Defensive?
Goldman likes defensives.
Wait, let me back up and be more specific. A model Goldman built to help
“Goldman didn’t use any sort of advanced AI for their sector work, just a good old fashioned probit model.”
Unless you cn convince me otherwise, AI is just “old fashioned probit” models on steriods thanks to massively enhanced computer power.
Thanks for the YALL poniter. Step aside Kathie Wood!
NERC recently released their grid reliability review for the year, and it noted that their current next-ten-year forecast for electric load growth is the highest it’s been in over two decades.
Other noteworthy takeaways: solar and wind installs are lagging forecasts, largely in consequence of red tape, but battery installs have actually exceeded forecast. Transmission build-out is finally catching up to requirements, but dispatchable baseload is seriously squeezed (anyone who followed the last PJM capacity auction already knew that last bit).
So utilities, yeah, probably gonna keep being the cash cow they always have been (but stay out of California folks, seriously). But the IPPs who build & operate combined cycle gas plants? Bankable.