When it comes to investing, utility stocks are often regarded as defensive stocks. This is because they provide investors with steady dividends and a measure of safety during economic downturns. Their stable and predictable earnings, coupled with the essential nature of their services, make them attractive for income-seeking investors, especially retirees.
However, like all sectors, it’s essential for investors to do thorough research. You should consider factors like regulatory changes, infrastructure needs, and technological advancements in the energy landscape. This can influence the profitability and growth potential of companies within this sector. Taking this into consideration, here are three utility stocks to watch in the stock market now.
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