The utilities sector moved higher after Scotiabank initiated coverage on 14 U.S. utility and power companies, highlighting strong growth prospects from rising electricity demand driven by AI and data centers. [2, 4] This positive catalyst likely triggered a rebound in a sector that had been under pressure from rising interest rates and was considered technically oversold. [1, 6] Commentary also pointed to attractive dividend yields and potential undervaluation as supporting a buying opportunity. [1]