Power and Resources Weekly Update

Industrial companies reported robust 1Q26 earnings, fueled by record backlogs in electrification, grid modernization, and data center expansion. Despite regional disruptions, firms like Siemens Energy and Eaton are raising guidance on strong structural demand.

Key Takeaways

• 1.Global industrial 1Q26 earnings results exceeded expectations, driven by high demand in electrification, grid modernization, and data center infrastructure.
• 2.Industrial companies are raising full-year guidance and accelerating shareholder returns due to record backlogs and structural growth trends.
• 3.The AI-driven data center expansion is a massive tailwind for electrical equipment providers, with some firms seeing triple-digit order growth in this segment.

Table of Contents

• Our view in summary
• Weekly performance update
• Power and resources selection list
• Thoughts of the week
• Charts of the week
• Quotes of the week
• Appendix
• Required Disclosures
• Equity selection system
• Equity selection: An assessment relative to a benchmark
• Global asset class preferences definitions
• Statement of Risk
• Risk information

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial