These dividend-paying data center power plays are on Goldman’s latest top 10 list
Goldman Sachs’ “Ten Buys” list highlights dividend-paying data center power plays, including Kodiak Gas Services and The Williams Companies. Goldman rates Kodiak buy, citing ~15% EBITDA growth through 2030, a $89 target (more than 36% upside) and a ~3% dividend yield. For Williams, Goldman’s $82 target implies ~12% upside and a ~2.8% yield. Other names include Expro, Marathon Petroleum and ConocoPhillips.
How this was made
The 30-second read
Why it matters
The article is primarily a sell-side endorsement with explicit price targets and dividend yields, plus references to behind-the-meter growth drivers and previously discussed projects/agreements.
Market read
Traders may use the list as a sentiment and positioning signal for dividend-paying midstream/data-center power plays, but it is not a fresh operational catalyst.
What to watch
Behind-the-meter growth depends on customer power demand and project execution; dividend support may not offset valuation risk if rates or credit conditions tighten.
Background
Goldman updated its “Ten Buys” list for energy and power stocks, with Kodiak Gas Services and The Williams Companies included in the data center power cohort.
Ticker impact
Goldman’s “Ten Buys” highlights Kodiak Gas Services, citing ~15% EBITDA growth through 2030 and a dividend yield around 3%.
Near-term upside bias versus peers, but likely limited follow-through because the catalyst is an analyst list rather than a fresh company event.
The article’s actionable content is Goldman’s rating and price targets, not new filings or operational updates from Kodiak beyond referencing prior agreements.
Goldman’s list spotlights The Williams Companies, emphasizing behind-the-meter diversification and a $82 price target implying ~12% upside.
Moderate positive drift possible if investors track Goldman’s list, with less impact than a new project award or earnings print.
The article provides analyst targets and dividend yield, while the behind-the-meter project details are referenced from an earlier May earnings call.
Market effects
Reinforces sell-side narrative that behind-the-meter power and midstream compression are attractive themes for data-center capex.
No specific regional macro catalyst; mostly US energy infrastructure positioning.
Limited, as the story is US-focused midstream and data-center power infrastructure demand.
Counterpoint
Analyst “Ten Buys” lists can be crowded trades; without new company disclosures, price reaction may fade as investors already priced the theme.
Key entities
- financial_institutionGoldman Sachs
Published its latest “Ten Buys” list and assigned buy ratings and price targets to selected energy/power names.
- companyKodiak Gas Services
Midstream natural gas compression provider expanding into behind-the-meter power generation; highlighted for dividend and growth outlook.
- companyThe Williams Companies
Natural gas infrastructure company diversified into behind-the-meter projects; highlighted for data-center related demand exposure.
