The global renewable energy trade has officially morphed into the “AI survival” trade. (Morningstar)
After years of getting hammered by high interest rates, renewable energy stocks posted a 10% gain in 2025, leaving the broader energy sphere (+1.2%).
The biggest driver: Data centers (surprise, surprise). With US electricity demand growth expected to quadruple this year, the market is realizing renewables are the fastest way to bring new power online for Big Tech.