Are Utility Stocks Ready to Rebound in 2024? 

Utilities delivered strong relative performance in 2022. However, this year has been a different story.

After benefiting from expectations of an economic slowdown and excitement about the Inflation Reduction Act, the sector has struggled year to date. 

In this piece, our team delves into the factors contributing to recent performance and other topics currently impacting the group, including:

  • Why investors have largely turned away from the utilities sector in 2023 
  • How the sector’s performance in the current interest rate environment compares with similar periods in the past 
  • What a Goldilocks scenario for utilities might look like  
  • Expectations for these stocks in 2024 

Complete the form on this page to download the Q&A PDF.


Reaves Asset Management is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Reaves is a privately held, independently owned “S” corporation organized under the laws of the State of Delaware.

The information provided in this blog does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed. Investors should consider the investment objective, risks, charges and expenses of all investments carefully before investing. Any projections, outlooks or estimates contained herein are forward looking statements based upon specific assumptions and should not be construed as indicative of any actual events that have occurred or may occur.

Net performance reflects the deduction of advisory fees which are described in detail in Reaves’ Form ADV Part 2A. Please contact us at to obtain Form ADV Part 2A and for more information about Reaves Asset Management.

Past performance is no guarantee of future results.
All investments involve risk, including loss of principal.

Important Tax Information: Reaves Asset Management and its employees are not in the business of providing tax or legal advice to taxpayers. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax adviser.

Please review these links:  Privacy Policy and Cookie Policy.