Utilities (electric)

privateBearish

Broad sector grouping of publicly traded electric utility companies supplying power to consumers and businesses.

1 take · first discussed Jan 17, 2026

Net conviction

Bearish

Who's weighed in

Takes

First discussed

Jan 17, 2026

Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.

Where they stand now

Friedberg

Bearish

Friedberg argues utilities face an existential threat to their business model if distributed solar, storage, and private data-center power generation materialize, undermining their rate base, stranding their CapEx, and threatening their ability to service bonds.

E258 · Jan 17, 20261 call ↓

The discussion

Among the four All-In hosts, only Friedberg has offered a stated view on electric utilities, and it is sharply bearish with high conviction. He argues that if distributed solar, battery storage, and private data-center power generation scale as expected, utilities face an existential threat to their traditional rate-base model — stranding their capital expenditures and jeopardizing their ability to service debt. He frames the sector as potentially "the single biggest dollar short," while acknowledging the timing is uncertain. No other hosts have weighed in to agree or push back on this thesis.

How they got there

Friedberg1 mention since Jan 17, 2026

BearishE258Jan 17, 2026📌 scored call⚑

I think the single biggest dollar short, it's not clear when, that one will be able to make will be on these utilities. Because if any version of what we just talked about happens...what do the utilities do? What does all this CapEx go to?”30:25

iAbout these quotes

Quotes are machine-transcribed from the episode audio — use the Listen links to verify any take against the source, or the ⚑ link to report a problem. Takes marked unverified, low-conviction, or commentary-only never move stances, the index, or the funds.