Wholesale electricity prices in the US surge 41% amid rising AI-driven energy demand, boosting Quanta Services' revenue.

Wholesale electricity prices in PJM, the largest US power market, are forecast to rise 41% in 2026 due to increased energy demand partly driven by AI data centers and extreme weather. Quanta Services reported a matching 41.1% revenue growth in Q2 2026, fueled by its role in building and upgrading grid infrastructure. The company’s strong financials, including record backlog and rising profits, highlight the long-term investment needed to meet growing electricity demand. This trend benefits grid builders more than power producers, signaling sustained growth opportunities in energy infrastructure.

Quanta Services Inc (PWR) shares are trading at USD 693.77 with a 1.23% gain, reflecting investor interest in infrastructure growth. Constellation Energy (CEG) is up 4.60% at USD 298.18, showing strong demand for utilities amid rising electricity prices. These figures are current as of Oct 09, 2026 23:21 WIB on Pluang.