Bank of America reaffirms utilities sector growth outlook
Bank of America’s mid-quarter review of U.S. power and utilities for Q2 2026 says 12 of 14 covered companies beat earnings estimates. It cites rate relief, customer and load growth, and construction-related earnings. Annual guidance was mostly reaffirmed, with AEP, IDA, and XEL raising ranges. Data-center demand drove contracted load and pipeline growth.

