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While no one buys utility stocks expecting to see strong long-term growth, stranger things have happened. As we enter into a new era of electric vehicles, the demand on power grids is going to ramp up. That could well mean more upside than usual for some of these companies.
Best Utility Stocks to Buy: AES (AES)
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Virginia-based AES is a power generation company that operates in the U.S. and 15 other countries. AES has a long history of firsts. This includes being the first Independent Power Producer in the U.S. (1988), creating the first documented carbon offset program in the U.S. (1989) and in 2021, the AES Alamitos Battery Energy Storage System became the world’s first standalone energy storage project for local capacity.