Extreme Heat & AI Demand Drive ELFY Surge

  • The ALPS Electrification Infrastructure ETF (ELFY) rose 4.77% in June, driven by record extreme heat, rising electricity consumption from artificial intelligence data centers, and renewed focus on U.S. grid modernization. Industrials Led ELFY's Sector Performance Backup power manufacturer Generac (GNRC) rallied 17.26%, as power outages from extreme weather underscored demand for reliable energy sources.