All About The US Power Sector: What It Is & Top Energy Stocks For 2023
Looking to buy US power sector stocks? Read this blog to know all about the US power sector shares. Get a list of the top 10 best US energy stocks for 2023. Find out how you can invest in US stocks from India using Cube Wealth.
February 14, 2023
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Just like any major economy in the world, the US power sector is a volatile yet crucial industry that's responsible for the production and distribution of energy to residential, commercial, and industrial entities.
Moreover, the US energy sector is not limited to a single resource. There are several companies that leverage natural resources, manmade resources, or a combination of both to generate energy.
In this blog, we'll take a look at the US power sector, the major players involved, historical data, the top US energy stocks, and how to invest in US power sector stocks for as low as $1 using Cube.
What Is The US Power Sector?
The US power sector broadly includes the production, supply, and sales of electricity within the US to individual households and companies. The US also exports power to other countries like Canada and Mexico.
The US is the second-largest producer and consumer of electricity behind China and ahead of India. It has an energy/power generating capacity of approximately 1.12 billion kilowatts (kW).
US energy companies primarily used these resources to generate power in 2020:
Source: US Energy Information Administration
Furthermore, US energy companies sold approximately 3.7 trillion kWh of electricity to retail consumers in 2020. The major players in the US power sector include (but are not limited to):
Note: All facts & figures mentioned in the tables above have been collated from publicly available sources. The companies mentioned in the tables are listed in no particular order and are a reflection of US' most popular power sector brands at the moment. Cube Wealth does not recommend purchasing stocks based on popularity alone and suggest you consult a Wealth Coach before putting your hard-earned money into any asset.
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