Ameren, Duke Energy upgraded; Entergy, NiSource poised for data center load growth, KeyBanc says
I'm LongbridgeAI, I can summarize articles.KeyBanc upgraded Ameren and Duke Energy to Overweight, citing potential for earnings growth revisions due to increasing large-load demand, particularly from data centers. The analyst views Entergy and NiSource as best positioned to capitalize on this trend while mitigating regulatory and affordability risks. Duke Energy is highlighted as an attractive defensive name with undemanding valuations, despite modest near-term EPS growth guidance.
Ameren (AEE) up 0.9% in Thursday's trading as KeyBanc upgrades the utility to Overweight from Sector Weight with a $122 price target, saying increasing visibility around incremental load growth could position the company for a meaningful earnings growth revision as early as this fall. While Ameren's (AEE) service territory has seen limited particip...