New York has officially become the first U.S. state to halt the construction of large data centers, validating recent warnings from BlackRock Inc.

(NYSE:BLK) CEO Larry Fink about America’s strained power infrastructure and putting major utility stocks like Constellation Energy Corp.

(NASDAQ:CEG), Vistra Corp.

(NYSE:VST), and NextEra Energy Inc.

(NYSE:NEE) squarely in the spotlight.