Everything on Supply-Demand Imbalance

Utilities have committed to 110GW of data center capacity, exceeding the 95GW demand forecast for 2030. This oversupply creates a high risk of stranded assets and reduced earnings growth.

Impact: Utility stocks may face downward pressure on earnings estimates as overbuilt capacity fails to generate expected returns.

— from Data Center Energy Oversupply and Credit Risks · Odd Lots· Feb 02, 2026