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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

‘Time to power’

Morgan Stanley analyst Stephen Byrd sees more urgency for power as data centres come on line,

“We have seen many recent signs of accelerating urgency to secure power for data centre growth over the past few months, and we believe 2026 will be even more active given the non-linear improvement in AI. While many of the key power ‘de-bottlenecking’ stocks have performed well in 2025 (for example, BE [Bloom Energy] up 282 per cent year-to-date), we see continued alpha potential for companies that offer innovative, timely, reliable approaches to providing power to AI players … 1. Catalysts we are watching for: (A) Bitcoin-to-DC conversion transactions, (B) Key Takeaways W

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