Morgan Stanley projects the annual data center power market will reach $50.5 billion by 2030. Here Are 7 Stocks That Could Benefit: $POWL Powell Industries Powell builds the custom switchgear and power control rooms that safely route electricity into large industrial sites and data centers. Every data center needs heavy duty switchgear before the first server turns on, and Powell is one of the few US specialists building it. $PWR Quanta Services Quanta builds the transmission lines, substations, and electrical infrastructure that physically connect data centers to the grid. With a backlog near $48 billion, it already has years of work lined up as data centers race to get power to their sites. $GEV GE Vernova GE Vernova builds gas turbines plus the transformers and grid equipment that move electricity from power plants to data centers. It sells the power and the equipment that delivers it, so it gets paid on both ends of the data center power buildout. $HUBB Hubbell Hubbell makes the electrical components and utility equipment that connect buildings, substations, and the grid. Data centers need far more electrical hardware than a normal building, and Hubbell supplies the parts utilities use to hook them up. $GNRC Generac Generac is best known for home generators, but it now builds large backup generators for data centers. Data centers can't go down for even a second, so every one needs backup power, and Generac is turning that need into a new growth business. $BE Bloom Energy Bloom's fuel cells generate power right on site, letting data centers skip years long waits to connect to the grid. Manufacturing is doubling to 2 GW by the end of 2026, backed by a $20 billion backlog, as data centers look for power they can get now. $WCC Wesco International Wesco is one of the largest distributors of electrical equipment, supplying the gear contractors use to build data centers. When data centers need thousands of electrical parts delivered on tight timelines, Wesco is the middleman getting them there.

Dell'Oro Group forecasts the annual direct liquid cooling market for data centers will surpass $8 billion by 2030. Here Are 7 Stocks That Could Benefit: $VRT Vertiv Vertiv sells the power and cooling systems inside AI data centers, including the liquid cooling units that pull heat directly off the chips. AI chips now run too hot for air alone, so liquid cooling is becoming standard, and Vertiv already has a backlog above $15 billion. $NVT nVent Electric nVent makes the liquid cooling systems and power distribution gear that keep AI servers from overheating. It's working directly with NVIDIA on the blueprint for next generation AI data centers, so its cooling is being designed in from day one. $MOD Modine Manufacturing Modine is a century-old thermal company that now builds cooling systems specifically for data centers. It took decades of experience cooling engines and turned it into one of the fastest growing businesses in the AI buildout $TT Trane Technologies Trane builds the massive chillers and cooling systems that remove heat from entire data center buildings. Liquid cooling pulls heat off the chips, but that heat still has to go somewhere, and Trane's systems handle the building-wide side of the job. $ETN Eaton Eaton is a power management giant that expanded into liquid cooling by acquiring a business that builds cooling systems for AI chips. It can now sell data centers both the power and the cooling in one package, which is how big infrastructure contracts get won. $JCI Johnson Controls Johnson Controls makes the industrial chillers and thermal systems used to cool large data center campuses. Every new AI campus needs a cooling plant behind the liquid loops, and Johnson Controls is one of the biggest names building them. $SMCI Super Micro Computer Super Micro builds AI server racks that come with direct liquid cooling built in and ready to plug in. Instead of adding cooling after the fact, data centers can buy servers already liquid cooled, which speeds up how fast they can go live.

The IEA projects SMR investment could reach $900 billion by 2050 Here Are 7 Stocks That Could Benefit: $OKLO Oklo Oklo is designing small modular reactors that can run on recycled nuclear fuel, using waste other reactors leave behind. Recycled fuel could make its reactors cheaper to run over time, and lower costs are exactly what the IEA says will unlock this market. $SMR NuScale Power NuScale designs small modular reactors that can be built in factories and shipped to where power is needed. It's the first company in the US to get its small reactor design approved by regulators, giving it a head start when the investment wave hits. $GEV GE Vernova GE Vernova, together with Hitachi, designs one of the leading small modular reactors, with the first ones already under construction in Canada. It's one of the few SMR players backed by a company that already builds power equipment at massive scale, which is how construction costs come down. $NNE Nano Nuclear Energy Nano Nuclear is developing portable microreactors small enough to power remote sites, military bases, and data centers. If SMRs prove the model works, microreactors are the next step, and Nano Nuclear is one of the few public companies focused purely on them. $BWXT BWX Technologies BWXT manufactures nuclear reactor components and fuel, and it already builds the reactors powering US Navy submarines and aircraft carriers. Every SMR design needs someone to physically build the nuclear parts, and BWXT is one of the only US companies cleared to do it. $LEU Centrus Energy Centrus enriches uranium in Ohio, producing the specialized fuel that many advanced small reactors are designed to run on. Most of the world's enriched uranium comes from Russia, and every new US small reactor will need a domestic fuel source like Centrus. $FLR Fluor Fluor is a global engineering and construction company and one of the largest shareholders in NuScale. When $900 billion gets spent building reactors, someone has to engineer and build them, and Fluor gets paid on both the stake and the construction.