May. 2 at 11:36 PM
$ET If the goal is to find a high-quality business under
$20 that captures the "picks and shovels" side of the data center boom, Energy Transfer is a prime candidate. It avoids the "one and done" hardware risk of fuel cell manufacturers and instead offers a recurring, fee-based revenue model that grows as data center power demands increase.
At current levels, it represents a classic value play where the market is still potentially underestimating the long-term margin benefits of becoming the primary energy provider for the AI revolution.
