US Infrastructure Sector Outlook
Any region’s economic growth largely depends on its infrastructure. Basic services, including roads, electricity, water systems, telephones, public utilities, railways, and airports, propel economic activity by facilitating trade and movement.
Increased infrastructure spending spurs manufacturing and industrial expansion, which in turn boosts overall economic growth. Also, increased living standards, in turn, increase the demand for goods and services.
The construction sector in the United States is expected to grow by around 4.3% in 2022. Despite the hurdles, the sector’s medium to long-term growth story seems to be intact.
Many projects have started to progress beyond the planning phase, and also the delayed projects are reaching their completion.
Low-interest rates on loans, high demand for larger homes, and low housing availability in the United States continue to support the residential construction industry. Also, Government investments in infrastructure are anticipated to boost US market expansion.
The US Congress approved a USD 1 trillion infrastructure investment bill in November 2021. The infrastructure legislation calls for an increase in federal spending over the following eight years to modernize city transit systems and improve roads, bridges, highways, and passenger rail networks.
Best US Infra Company Stocks
The following stocks are the most popular infrastructure stocks in the USA, sorted based on their market capitalization.
- Caterpillar Inc.
- Enbridge Inc.
- Prologis Inc.
- Crown Castle International Corp.
- Equinix Inc.
Caterpillar Inc.
Founded in the year 1925, Caterpillar Inc. is nearly 100 years old, with headquarters in Irving, Texas. Caterpillar Inc. is the world’s largest producer of industrial gas turbines, off-highway diesel and natural gas engines, diesel-electric locomotives, and mining and construction equipment.
The brands under Caterpillar Inc. offer components, engines, machines, services, components, and solutions to satisfy the unique requirements of a variety of global businesses and clients. Also, CAT is their flagship brand, and other brands include Perkins, SEM, Progress Rail, and Solar Turbines.
D. James Umpleby III is the company’s Chairman and CEO. Furthermore, with integrity, excellence, teamwork, commitment, and sustainability, the company is growing stronger every year in terms of its production line and global network.
It is listed on New York Stock Exchange (NYSE) with the ticker ‘CAT’ and is categorized under the Industrials sector.
Enbridge Inc.
Enbridge Inc. was founded in the year 1949, with its headquarters in Calgary, Canada. Also, the company operates across North America. Its core business includes:
- Liquids pipelines
- Natural gas pipelines
- Gas distribution and storage
- Renewable energy
Enbridge safely supplies dependable, cheap energy sources to industry and society. Also, it transports over 30% of the crude oil produced in North America and almost 20% of the natural gas used in the US. Furthermore, the company runs the third-largest natural gas utility in North America by consumer count. Subsequently, Enbridge invested in renewable energy at an early stage and is expanding its offshore wind portfolio.
The infrastructure giant is uniquely positioned as a diversified energy firm to speed the world’s transition to a cleaner energy future. It is employing new low-carbon energy technologies, such as carbon capture and storage, renewable natural gas, and hydrogen. Also, the company aims to achieve net zero emissions by 2050 and to lessen the carbon footprint of the electricity they provide.
The company is led by President and CEO Al Monaco.
It is listed on New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE) with the ticker ‘ENB’.
Prologis Inc.
AMB Property Corporation was founded by Douglas Abbey, Hamid Moghadam, and T. Robert Burke in 1984, specializing in investments in office, industrial, and neighbourhood shopping complexes on behalf of significant institutional investors. Also, the company has its headquarters in San Francisco, California.
Later, AMB Property Corporation was re-branded as Prologis Inc. in 1991. Also, it is a logistic real estate leader and a real estate investment trust. The company invests in warehouses. Furthermore, it focuses on high-growth and high-barrier markets in the infrastructure industry.
Prologis Inc. offers a cutting-edge and geographically diverse platform of distribution space to its clients and investors. The business is renowned for providing unmatched customer service and also being dedicated to sustainable development.
Hamid Moghadam currently leads the company. Prologis Inc. trades on the New York Stock Exchange (NYSE) with the ticker ‘PLD’.
Crown Castle International Corp.
Incorporated in 1994, Crown Castle has its headquarters in Houston, Texas. Also, it is the largest provider of shared communications infrastructure in the United States. Furthermore, the company is one step ahead, and it is the leader in digital transformation – with new advancements like 5G, CBRS, edge computing, and more. The company has more than 40K towers, 85K route miles of fiber and 115K small cells on air or under contract.
Crown Castle International Corp. is currently led by Jay A. Brown – President and CEO. The company trades on the New York Stock Exchange (NYSE) with the ticker ‘CCI’.
Equinix Inc.
Equinix was founded in 1998 and is headquartered in Silicon Valley. It was a vendor-neutral multitenant data center provider where competing networks could safely connect and share data traffic. The name Equinix comes from the company’s emphasis on EQUality, Neutrality, and Internet eXchange.
Currently, it is the global leader in digital infrastructure. It connects major businesses and industries like manufacturing, transportation, healthcare, banking, retail, education, and government across the world with digital technology dominance.
Through Platform Equinix® and the ecosystem, leading service providers and digital companies are able to achieve a competitive advantage across networking, storage, clouds and software.
Charles Meyers – President and CEO, is currently leading the company towards success. The company trades on NASDAQ with the ticker ‘EQIX’.
Track: Equinix Share Price Today
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