MEAN REVERSION? The datacenter theme has a number of inexpensive ways to gain exposure indirectly. One is via the Nuclear-linked Independent Power Producers that have contracts with cloud providers and whose pricing is unregulated. We picked up $VST and also own $TLN. Even the classic utilities like $NEE look attractive here. Vistra's forward PE is 15x. The revenue growth is 30 to 40% for the next few years, and the operating leverage drops a lot of that to the bottom line. The utilities sold off on ERCOT news creating an attractive entry. Incidentally, if bond proxies like utilities are looking attractive that may also mean technology is less interesting here. See the video below how we found this opportunity on the Lumida Invest app. $XLU
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