Is Enbridge on Solid Footing to Meet Growing Data Center Power Demand?

Enbridge Inc. ENB is well-positioned to capitalize on the growing demand for power or reliable electricity from data centers. Unlike many other energy players, the midstream energy giant can meet the mounting power needs through its natural gas transportation pipelines and renewable energy generation facilities.On the second-quarter 2025 earnings call, the energy major stated that it continues to get contracts from technology giants for supplying power and fuel from both renewable projects and natural gas midstream infrastructures. Enbridge also mentioned during the call that it has more than 10 late-stage development projects that are associated with supplying power and energy to data centers.ENB mentioned on the call that its midstream assets are situated near new data centers and numerous natural gas-powered electricity generation units across North America, which is a big positive. Thus, ENB is well-positioned to connect with new customers with minimal effort and is expected to generate incremental cash flows.WMB & KMI Will Also Meet Power DemandLike ENB,Williams WMB and Kinder Morgan Inc. KMI are also on a solid footing to meet the cleaner power demand.Williams is focusing on behind-the-meter power plants so that they can supply power directly to the data centers. Through its massive natural gas pipeline assets, WMB is also gaining from increasing demand for power.Being a leading midstream company in North America, Kinder Morgan is gaining from the rising power demand as it has a huge natural gas pipeline network.ENB’s Price Performance, Valuation & EstimatesShares of ENB have gained 26.7% over the past year compared with the 25.2% improvement of the industry. Image Source: Zacks Investment ResearchFrom a valuation standpoint, ENB trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 15.48X. This is above the broader industry average of 13.86X. Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for ENB’s 2025 earnings hasn’t seen any revisions over the past seven days. Image Source: Zacks Investment ResearchEnbridge stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report Enbridge Inc (ENB): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks