AI Needs Power: 5 Dividend Stocks Quietly Funding the Datacenter Boom

9 hours ago 4

Jeremy Phillips

Mon, June 8, 2026 astatine 6:04 AM CDT 8 min read

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DUK's $103 cardinal capex program and PEG's atomic fleet are softly positioned to seizure surging AI powerfulness request crossed the PJM grid.
NEE signed a 25-year Google atomic PPA and won a U.S. authorities declaration to physique 9.5 GW of caller state generation, targeting 8%+ EPS maturation done 2035.
11 Dominion directors bought D banal successful a coordinated clump astatine $62.95 successful May 2026, adjacent arsenic shares had already risen 16% twelvemonth to date.
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The Department of Energy present projects information centers volition relationship for up to 12% of U.S. electrical request by 2028, and idiosyncratic has to really physique the powerfulness plants, transformers, and transmission lines to provender that monster. The hyperscalers get the headlines. The utilities get the contracts, the complaint base, and the 27-year dividend streaks. I've been speechmaking each PJM capableness auction filing and inferior 10-K for the amended portion of a twelvemonth now, and the disconnect betwixt what these companies are softly signing and wherever their stocks are trading is the cleanest setup successful the income marketplace close now. Five names are positioned straight nether the firehose.

1. Public Service Enterprise Group (PEG): The Nuclear Hedge Nobody's Pricing In

Public Service Enterprise Group (NYSE:PEG) deserves to beryllium the archetypal sanction that comes up erstwhile radical speech AI power. PSEG runs the largest regulated inferior successful New Jersey and operates a atomic fleet sitting wrong the PJM grid, which is wherever the information halfway roar is virtually melting the capableness market. PJM capableness prices cleared astatine $329/MW-Day for the June 2026 to May 2027 transportation twelvemonth and $333/MW-Day for June 2027 to May 2028, aft rising from $61/MW-Day successful anterior periods. PSEG owns the megawatts those auctions are clearing.

Q1 2026 came successful astatine non-GAAP operating EPS of $1.55 versus the $1.43 consensus, an 8% beat, with atomic moving astatine a 95.5% capableness origin and astir 95% of 2026 output already hedged. Management guided 2026 EPS to $4.28 to $4.40, connected apical of a $24 cardinal to $28 cardinal five-year superior programme that does not necessitate equity issuance.

Shares closed astatine $78.08 connected June 4, 2026, down 2% twelvemonth to date, sitting adjacent the 52-week debased of $76.05. PSEG conscionable announced its 15th consecutive yearly dividend summation to an indicative $2.68 annualized rate. Trading astatine 17x trailing net with an expert people of $89.75, this is the quietest setup connected the list. The loudest 1 is next.

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