Top Ways to Trade Potential Summer Blackouts

Blackouts could be common this summer.

With extreme heat and drought, the grid may not be able to handle all the added pressure.  Should that happen, parts of the U.S. could see electricity shortages and blackouts.

As noted by The Wall Street Journal:

“From California to Texas to Indiana, electric-grid operators are warning that power-generating capacity is struggling to keep up with demand, a gap that could lead to rolling blackouts during heat waves or other peak periods as soon as this year.”

If that’s the case, some of the top stocks to keep an eye on with potential blackouts, include CleanSpark Inc. (CLSK), Enphase Energy (ENPH).  and Generac Holdings (GNRC).

“NERC, a regulating authority that oversees the health of the nation’s electrical infrastructure, says in its 2022 Summer Reliability Assessment that extreme temperatures and ongoing drought could cause the power grid to buckle. High temperatures, the agency warns, will cause the demand for electricity to rise. Meanwhile, drought conditions will lower the amount of power available to meet that demand,” added CNN.