This Plexus Analyst Turns Bullish; Here Are Top 4 Upgrades For Monday

El Paso residents urged city leaders to regulate or stop new hyperscale data centers, citing concerns about water, electricity demand, environmental impacts, and incentives. Meta is building one in El Paso; the Army plans another at Fort Bliss; a third is planned in Santa Teresa, NM. City Council voted May 26 to end data-center incentives. The city says Meta received an 80% property tax rebate up to $550M for an $800M investment and 50 jobs (now 300+). The city is drafting a Data Center Policy F

The article says major tech firms are set to spend over $700 billion on AI-related data centers and chips in 2026, citing planned capex of about $200 billion (Amazon), $190 billion (Microsoft), up to $190 billion (Alphabet), and $125–$145 billion (Meta). It highlights American Electric Power (AEP), which in Q1 2026 added 7 GW of future load, raising contracted load by 2030 to 63 GW, nearly 90% data centers. AEP raised its five-year capital plan to $78 billion, reported Q1 revenue up ~10% to $6.0

Big Tech’s AI capex is projected to exceed $700B in 2026, led by Amazon (~$200B), Microsoft (~$190B), Alphabet (up to ~$190B) and Meta ($125B–$145B), mostly for data centers and chips. American Electric Power (AEP) says it added 7 GW of future load in Q1 2026, totaling 63 GW by 2030 (nearly 90% data centers). AEP raised its 5-year capex plan to $78B and reported Q1 revenue +10% to $6.0B, EPS $1.64, reaffirming 2026 EPS guidance $6.15–$6.45.

Mexico and the EU signed a Modernized Global Agreement in Mexico City, aiming to expand trade and diversify exports from the U.S.; the deal eliminates tariffs on 99% of products, with Mexico reducing tariffs on European agricultural goods, according to the report. Separately, Plexus Corp. (NASDAQ: PLXS) released its Fiscal 2025 Sustainability Report and said it is shifting from intensity metrics to absolute emissions reduction targets.

Tower Resources (LON:TRP) shares rose 9.5% on Monday, trading up to GBX 0.02 and last at GBX 0.02 versus a prior close of GBX 0.02. Volume was 56.3m shares, down 81% from the average. The company’s market cap is £9.27m; it has negative P/E (-2.30) and low liquidity ratios.

Morgan Stanley analyst David Arcaro trimmed American Electric Power’s (AEP) price target from $136 to $129 but kept an “Overweight” rating, citing updated targets for North American regulated and diversified utilities/IPPs. The group rose 2% in April versus 10.4% for the S&P. AEP’s Q1 2026 results showed 7 GW of new project agreements, expected incremental load of 63 GW by 2030, and a $6 billion increase to a $78 billion five-year capital plan.