10 Firms Buck Market Bloodbath on Monday

7. NextEra Energy Inc. (NYSE:NEE)

NextEra grew its share prices by 4.57 percent on Monday to finish at $76.16 apiece following a bullish comment from its chief that global power demand is expected to spike by 55 percent over the next 20 years.

At an energy conference in Houston, Texas on Monday, NEE Chief Executive Officer John Ketchum said that some 17 percent of the projected demand is expected to come from power-hungry data centers that are crucial in the boom of the artificial intelligence industry.

He added that costs for gas-fired power generation have more than tripled with the already growing demand, making renewable energy cheaper and more available at the moment.

“We’re going to need it all. We’re going to need renewables. We’re going to need gas. We’re going to need nuclear,” Ketchum said.

The CEO added that NEE is looking at recommissioning the Duane Arnold nuclear facility in Iowa—one of the potential restarts in the United States.