Wall Street's $15.8 Trillion Blind Spot

Last Friday, I published one of the most-read essays I've ever written for this newsletter.

The thesis was simple: the AI revolution has a $15.8 trillion chokepoint, the electrical grid, and the companies solving it are crushing everything in sight.

The response was overwhelming. My inbox lit up. Hundreds of you wrote in.

And the most common question was the same one I'd been asking myself for weeks: which companies?

Today, I'm answering that question for paid subscribers below.

But first, I want to share something I discovered during the final leg of my research that I think every investor, free or paid, needs to hear.

A major institutional research firm just purged four of the biggest grid stocks from its index.

This firm has been running a grid infrastructure index since mid-2021. That index has returned over 252% since inception, more than tripling the S&P 500 over the same period.

These are not amateurs.

On February 13th, five days ago, they removed four of the most well-known grid companies from the index.

The reason? Overexposure to the data-center buildout cycle and vulnerability to a potential AI-led market correction.

Think about that for a moment.

A research firm that has been bullish on grid infrastructure for years, that has a 252% track record on this exact thesis, just looked at some of the biggest names in the space and said… too much AI hype baked in. Get these out.

What they kept was revealing. The companies that survived the purge were the ones whose revenue doesn't depend on whether the next AI model is better or worse than the last one.

They kept the builders. The contractors. The sensor companies. The cable manufacturers. The firms that are doing the work that MUST happen, whether the AI boom accelerates or stalls, because the grid is deteriorating regardless.

That distinction matters enormously.

There are two kinds of grid companies right now. The first kind has seen its stock price triple because investors figured out that AI needs power and got excited.

The second kind has seen their backlog triple because utilities literally can't keep the lights on without hiring them.

The first kind is a momentum trade. The second kind is a business.

I want to own the businesses.

The Contrarian Opportunity Hiding in Plain Sight

Here's what I find most fascinating about where we are right now.

As I write this, one of the companies I'm adding to the portfolio reported earnings.

And despite beating estimates on virtually every metric, record profit margins, record cash flow, and record growth in its most important business segment, the stock dropped.

Why? Because the headline revenue number declined. And Wall Street, in its infinite wisdom, sold first and read the details later.

I love it when this happens… Because the details tell a completely different story from the headline.

The details show a company transforming from a hardware provider into an AI-powered intelligence platform. The details show a business division growing 23% that didn't exist three years ago.

The details show free cash flow nearly doubling year over year.

The details show a company that already hit its 2027 profitability targets, two years early, and is now planning to raise them.

The market sold the headline. I'm buying the transformation.

Meanwhile, the builders are printing money in silence.

The other side of the grid thesis is even more straightforward. There are companies in this space with backlogs so large that their revenue visibility extends into the next decade.

Record order books. Double-digit revenue growth. Customers are literally unable to find enough qualified contractors to do the work.

One of these companies reported a 22% increase in quarterly revenue with all business segments contributing to growth. Their 18-month backlog hit an all-time high.

Their CEO said on the last earnings call, and I'm paraphrasing, that he is more confident today about the growth ahead than he has ever been.

Not for next year. For the next several years.

These aren't speculative bets. These are companies with signed contracts, locked-in revenue, and structural tailwinds that don't depend on any single technology trend.

I’ve said this a few times since Friday, and I want you to memorize this:

The grid has to be built. The wires have to be strung. The transformers have to be installed. The question isn't if. It's who gets paid to do it.

And here’s the crazy thing:

There’s a third company I’m watching. I'm not buying yet, and you’ll see why in a moment, but it might be the most interesting of all.

I'm putting this third company on the Moonshot Minute Watchlist today. This is the one I'm most excited about long-term, but I refuse to recommend it right now.

Why? Because it reports earnings this week, and it's trading at all-time highs.

I've seen too many investors, including myself, get burned by buying into strength right before a catalyst.

If the earnings are great, we pay a small premium for certainty. If they disappoint, we get a gift. Either way, we'll be ready.

This company has a backlog approaching $40 billion. It employs nearly 70,000 skilled workers. A workforce that cannot be replicated overnight.

It is the single most important contractor in the American grid buildout, and most of the researchers and analysts I follow keep it on their buy lists.

We're watching. We're waiting. And when the time is right, we're moving.

What Paid Subscribers are Getting Today

Below in the Premium Section, I'm giving you the full breakdown:

• Two new tickers going into the Moonshot Minute Portfolio today, with entry prices, allocation guidance, and the specific thesis behind each one.

• A third bonus ticker is going onto the official Watchlist with a clear signal for when we pull the trigger

• The exact research firm data, index composition, and why the February 13th purge matters for how we're positioning

• Risk factors I'm watching and the scenarios that would change my mind

• How do these positions complement our existing metals and uranium holdings

I don't add positions lightly. These two earned their way in through deep research, a dozen earnings reports, and the kind of deep-dive analysis that separates conviction from hope.

If you're a paid subscriber, scroll down to the Premium Section. The tickers, the thesis, and the entry strategy are waiting.

If you're not yet a paid subscriber… this is the week.

I can't tell you what to buy if you're on the free tier.

What I can share is that the foundation is being built now, and the Moonshot Minute Portfolio is being positioned accordingly.

Join before the names go out. Not after, when the edge is already smaller.

Double D

🔓 Premium Content Begins Here 🔒