90 investment ideas from 50 funds across 76 stocks. Every thesis and quote on this page comes from a fund manager's own investor letter, not a 13F filing, so you can see the reasoning, risks and conviction behind each Energy Transition, Power & Nuclear position.
LongSPIE
The fund believes investors are focusing too heavily on weakness in France, where the fibre rollout is ending and building activity is lower. It argues that SPIE's broader structural demand drivers remain intact across p
LongENR:GR
Siemens Energy owns major power-generation and electricity-transmission businesses alongside a wind-turbine operation undergoing a turnaround. The company was separated from Siemens in 2020. After years of weak electrici
LongGEV
GE Vernova is positioned at the center of a multi-year build-out in electricity generation and grid infrastructure. AI data centers, broader electrification and modernization of aging grids are producing a deep and growi
LongHBM
Hudbay gives Barometer direct exposure to copper and its structural demand drivers. The manager sees electrification, grid investment and data-center construction as compelling long-term sources of copper consumption. Th
LongVWS.COAug 2026
The fund owns Vestas to obtain broad exposure to the strong growth it expects in onshore and offshore wind markets. In August Vestas was the fund's top performer after order intake rose more than 60% year on year and str
Long0968.HKAug 2026
The fund owns Xinyi Solar as a key supplier into the solar manufacturing value chain. The company is described as the world's largest supplier of the glass used in solar modules, giving it leveraged exposure to continued
LongIBE.MCAug 2026
The fund owns Iberdrola as a utility exposure with a particular focus on electricity networks. The managers expect electrification and growing power demand to require major transmission and distribution investment, while
LongLR.PAAug 2026
The fund owns Legrand within its electrical-equipment allocation focused on electrification and grid expansion. Legrand participates in electrical products across different voltage applications and end markets. The manag
LongIFX.DEAug 2026
The fund owns Infineon as a provider of power semiconductors and microcontrollers needed for higher-voltage electric vehicles. The managers expect EV penetration to continue rising, increasing semiconductor content per v
LongCSIQAug 2026
The fund owns Canadian Solar for integrated exposure to the standard polysilicon solar-cell and module manufacturing process. The long-term thesis is supported by continued growth in global solar installations and the ex
LongACMAug 2026
The fund owns AECOM as a US-focused design and engineering company with exposure to building efficiency and renewable-energy infrastructure. The managers expect both grid and generation investment to rise as electricity
LongORAAug 2026
The fund owns Ormat Technologies for differentiated exposure to geothermal power. The company is described as the world's only integrated producer and equipment manufacturer for geothermal projects, giving it exposure to
“the structural demand drivers for SPIE’s services in areas such as power grids, data centres and nuclear are firmly in place.”
“After many years of weak electricity demand in OECD countries, Siemens Energy is benefiting from a cyclical boom that has been boosted by AI's demand for electricity.”
“The long lead times on this equipment lend strong visibility to future revenue and reinforce the durability of the trend.”
“copper carries a compelling structural demand story tied to electrification, the grid, and data centers.”
“Wind turbine manufacturer Vestas provides broad exposure to the strong growth that we expect in the onshore and offshore wind markets”
“Xinyi Solar is the world’s largest supplier of the glass used in solar cell modules”