Coordinated policy moves to support growth, curb inflation, and secure energy supplies have pushed data-center power and cooling from a back-room utility to a front-page investment story. When governments focus on electrification and resilient infrastructure, capital often follows. This article examines what that could mean for data-center infrastructure stocks that are influenced by these policy trends and highlights 3 companies from our screener that may be positioned to benefit.

The three stocks below are just a sample from this theme. The full screen surfaced 52 more companies with equally detailed stories that are not covered in this article. To identify and analyze potential high-conviction ideas in this space, go straight to the Global Data-Center Power and Cooling Infrastructure screener.

Fluence Energy (FLNC)

Overview: Fluence Energy provides grid-scale battery storage systems and optimization software that help utilities and large power users keep electricity reliable and flexible, which is critical for power hungry data centers built around renewable energy. Its portfolio ranges from large front of the meter systems like Gridstack Pro to higher density Smartstack units, backed by software and services that support customers across the Americas, Asia Pacific, Europe, the Middle East, and Africa.

Operations: Fluence Energy generates its revenue primarily from batteries and battery systems, which contributed about US$2.63b.

Market Cap: US$2.43b

Investors looking at data-center infrastructure may consider Fluence Energy because it operates at the intersection of grid reliability, energy policy, and AI driven power demand. The company focuses on grid-scale battery systems and software that can help keep power steady for data centers, supported by a reported backlog above US$6.4b and early traction with large data-center developers. At the same time, Fluence faces risks from project delays, trade policy, and reliance on external borrowing, which can affect earnings and share price volatility. If execution on projects such as its high density Smartstack platform continues alongside policy support for storage and electrification, the relationship between today’s valuation and the longer term story may become more important than recent guidance cuts.

Fluence Energy’s grid scale battery story is only half the picture. The real question is what its current valuation may already be pricing in on growth, execution risk, and future contracts in the DCF valuation analysis for Fluence Energy

Build your own data center power shortlist

Fluence Energy and the other two stocks in this article all came from a single screener, but the real edge is in creating a set of filters that reflects how you think about opportunities. Use our flexible Screener to mix valuation, growth, balance sheet and risk filters, or jump straight into our curated Investing Ideas for ready made themes.

SOLV Energy (MWH)

Overview: SOLV Energy designs, builds, and maintains utility scale solar and battery storage projects in the United States, providing the engineering, construction, and long term operations services that help power grids support growing data center demand. The company works with project developers, independent power producers, and utilities across transmission, distribution, and lifecycle maintenance, making it closely tied to the build out of cleaner, higher capacity electricity infrastructure.

Operations: SOLV Energy generates all of its reported US$3.17b in revenue from heavy construction services in the United States.

Market Cap: US$6.48b

For investors focused on data center power and cooling, SOLV Energy provides a way to gain exposure to grid upgrades and utility scale solar and storage projects that support AI infrastructure. The company reports a sizeable backlog of work, including around US$2.5b tied to storage, and has expanded into substation construction and grid services through acquisitions, which broadens its role across the power chain. At the same time, margins are in the low to mid single digits and the business depends on large, complex projects, so execution issues, tariff changes, or slower data center buildouts could affect results. The overall picture depends on how its earnings profile, valuation signals, and lifecycle services model compare with these risks.

Solar and storage demand tied to data centers is accelerating, yet many investors still treat SOLV Energy as a routine contractor. Review the analyst forecasts for SOLV Energy to see how its backlog and margins might intersect with one key swing factor.

Shenzhen KSTAR Science and Technology (SZSE:002518)

Overview: Shenzhen KSTAR Science and Technology supplies uninterruptible power supply systems, data center cooling and modular data center solutions, as well as solar inverters, energy storage systems and EV charging equipment for customers in China and overseas.

Market Cap: CN¥21.13b

Shenzhen KSTAR Science and Technology gives you targeted exposure to the nuts and bolts of data center reliability, particularly UPS hardware and cooling that keep AI and cloud facilities online under tighter energy security policies. The company combines this data center focus with a broader footprint in solar inverters, storage and EV charging, which connects to government support for electrification and critical infrastructure. Analysts currently highlight earnings and revenue growth potential alongside profitability measures, while the current valuation metrics are below many electrical equipment peers. On the risk side, investors need to factor in an uneven dividend record and reliance on external borrowing in a sector that can be capital intensive. The next earnings update in August 2026 could provide more information on how these trade offs are developing.

Shenzhen KSTAR Science and Technology blends power security with data center growth, yet many investors still focus on hardware headlines while missing the deeper earnings story in the analyst forecasts for Shenzhen KSTAR Science and Technology

Seeking Fresh Alternatives Before They Fly

Fresh ideas can move fast. Once momentum builds and prices start breaking out, the cleanest entry points can disappear before the crowd even looks. Do not delay. Get in early.

• Spot stronger balance sheets before they are widely talked about by scanning our curated list of solid balance sheet and fundamentals (50 results) that are built to handle shocks while others are still adjusting.
• Ride potential AI momentum while it is still under the radar for now by tracking 75 profitable AI stocks that aren't just burning cash already covering their costs instead of burning cash.
• Position ahead of possible grid upgrade spending by reviewing 40 power grid technology and infrastructure stocks that focus on essential hardware and services while prices still reflect older expectations.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.