As we head into the deep summer months, higher utility bills and possible blackouts will no doubt bring attention to the utility sector. Engineering and construction companies are experiencing not one, but two multi-year bull markets thanks to global growth as well as the imminent need to replace infrastructure in developed countries such as the U.S. Since Barron’s highlighted Foster Wheeler (FWLT), who constructs power plants, I want to bring attention to the power grid piece of the utility puzzle. My favorite name here is The ABB Group (ABB). Read the rest of this entry »