Bernstein reports a record 51.7 GW of deferred data center capacity in September 2026.

According to潮向 Research, a Bernstein report dated October 11, 2026, noted that the U.S. data center project pipeline reached 456 GW in September, with a monthly increase of 52 GW, up 13% month-over-month; construction capacity stood at 79.9 GW, up 7 GW for the month; suspended capacity reached 51.7 GW, a record high, accounting for 11% of the pipeline; 27 states are currently restricting or considering restrictions on new data center development. Bernstein concludes that demand for AI data center construction continues to expand, while local opposition and regulatory constraints are accumulating simultaneously. The firm maintains an Outperform rating on the electrical equipment sector, with target prices of $534, $584, $775, $103, $163, $48, $73, and $1,317 for Eaton, Hubbell, Quanta Services, Legence, Jacobs, Forgent, Trimble, and United Rentals, respectively.