Quanta Services grid labor bottleneck analysis: Bernstein upgrade, $53.4B record backlog, raised 2026 guidance, and a $742 base-case target for PWR.
GE Vernova (GEV) rides the AI data center power super-cycle with a 116 GW gas turbine backlog and near-doubled free cash flow guidance. Buy, ~33% upside.
Bloom Energy (BE) posted record Q2 2026 revenue of $1.065B, up 166%, as AI data center power demand drives its fuel-cell boom. Valuation, $20B backlog, and price target analysis.
First Solar (FSLR) at 8.8x forward earnings offers ~24% upside — how the Section 45X credit through 2032 and AI data center solar demand drive the case.
Caterpillar (CAT) AI data center power backlog analysis: a record $63B order book and 30% EPS growth re-rated CAT stock, but at $940 near highs the risk-reward is now full.
