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Sempra operates natural gas and electric utilities that deliver energy to millions of homes and businesses in California and Texas. The company also develops energy infrastructure projects like pipelines and liquefied natural gas facilities. It makes money through regulated utility rates and long-term contracts for its infrastructure services.
Utilities provide essential services like electricity and natural gas, making them defensive investments during economic uncertainty. The sector is undergoing transformation with investments in renewable energy and grid modernization, creating opportunities for companies with strong infrastructure.
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ANALYSIS:Price energy is building quickly for a potential move. Bullish alignment confirmed.
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Price is extended significantly above 52-week highs.
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