<p>** 加拿大丰业银行上调美国公用事业公司的目标股价，因为它们提供了对其他以人工智能为重点的行业缺乏的潜在经济下行的对冲。</p>
<p>** &#34;我们预计 2026 年将再次实现稳健的回报，特别是对于电力股票和具有重要数据中心曝光的美国公用事业公司&#34; - 券商。</p>
<p>** 券商补充说，几家公司已经指导由于资本支出预测迅速上升而加速的每股收益增长，但其速度慢于标准普尔 500 指数，公用事业公司并未像市场一样看到正面的估计修正。</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>公司</td>
<td>旧目标价</td>
<td>新目标价</td>
<td>相较于股票最后收盘的涨跌幅</td>
</tr>
<tr>
<td>NextEra Energy</td>
<td>$99</td>
<td>$102</td>
<td>~25%</td>
</tr>
<tr>
<td>CenterPoint Energy</td>
<td>$45</td>
<td>$49</td>
<td>28.2%</td>
</tr>
<tr>
<td>FirstEnergy</td>
<td>$51</td>
<td>$55</td>
<td>23.3%</td>
</tr>
<tr>
<td>Eversource Energy</td>
<td>$63</td>
<td>$66</td>
<td>-3.5%</td>
</tr>
<tr>
<td>Duke Energy</td>
<td>$137</td>
<td>$146</td>
<td>25%</td>
</tr>
<tr>
<td>American Electric Power</td>
<td>$121</td>
<td>$131</td>
<td>13.1%</td>
</tr>
<tr>
<td>WEC Energy</td>
<td>$130</td>
<td>$140</td>
<td>33%</td>
</tr>
<tr>
<td>Alliant Energy</td>
<td>$67</td>
<td>$72</td>
<td>~10%</td>
</tr>
</tbody>
</table>

新纪元能源

中点能源

<p>加拿大皇家银行已提高美国公用事业公司的目标价格，认为它们可以作为对抗潜在经济下滑的对冲工具，而这些下滑可能是人工智能相关行业无法承受的。该券商预计到 2026 年将实现稳健的回报，尤其是电力股票和与数据中心相关的公用事业公司。尽管与标准普尔 500 指数相比，公用事业公司的盈利增长较慢，但并未出现积极的预期修正。更新后的目标价格包括新纪元能源为 102 美元，中点能源为 49 美元，以及其他公司，涨幅各异</p>

<p>** Scotiabank raises price target on U.S. utilities as they provide a hedge against a potential downturn that other AI-focused sectors lack</p>
<div class="lb-trans"><p>** 加拿大丰业银行上调美国公用事业公司的目标股价，因为它们提供了对其他以人工智能为重点的行业缺乏的潜在经济下行的对冲。</p>
</div><p>** &#34;We expect another year of solid returns in 2026, particularly for power stocks and U.S. utilities with meaningful data center exposure&#34; - brokerage</p>
<div class="lb-trans"><p>** &#34;我们预计 2026 年将再次实现稳健的回报，特别是对于电力股票和具有重要数据中心曝光的美国公用事业公司&#34; - 券商。</p>
</div><p>** Brokerage adds that several companies have been guiding to accelerating earnings/share growth thanks to rapidly-rising capex forecasts, but the pace is slower than that of the S&amp;P 500, and utilities are not seeing positive estimate revisions like the market is</p>
<div class="lb-trans"><p>** 券商补充说，几家公司已经指导由于资本支出预测迅速上升而加速的每股收益增长，但其速度慢于标准普尔 500 指数，公用事业公司并未像市场一样看到正面的估计修正。</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>Company</td>
<td>Old PT</td>
<td>New PT</td>
<td>% upside/downside to stock's last close</td>
</tr>
<tr>
<td>NextEra Energy</td>
<td>$99</td>
<td>$102</td>
<td>~25%</td>
</tr>
<tr>
<td>CenterPoint Energy</td>
<td>$45</td>
<td>$49</td>
<td>28.2%</td>
</tr>
<tr>
<td>FirstEnergy</td>
<td>$51</td>
<td>$55</td>
<td>23.3%</td>
</tr>
<tr>
<td>Eversource Energy</td>
<td>$63</td>
<td>$66</td>
<td>-3.5%</td>
</tr>
<tr>
<td>Duke Energy</td>
<td>$137</td>
<td>$146</td>
<td>25%</td>
</tr>
<tr>
<td>American Electric Power</td>
<td>$121</td>
<td>$131</td>
<td>13.1%</td>
</tr>
<tr>
<td>WEC Energy</td>
<td>$130</td>
<td>$140</td>
<td>33%</td>
</tr>
<tr>
<td>Alliant Energy</td>
<td>$67</td>
<td>$72</td>
<td>~10%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>公司</td>
<td>旧目标价</td>
<td>新目标价</td>
<td>相较于股票最后收盘的涨跌幅</td>
</tr>
<tr>
<td>NextEra Energy</td>
<td>$99</td>
<td>$102</td>
<td>~25%</td>
</tr>
<tr>
<td>CenterPoint Energy</td>
<td>$45</td>
<td>$49</td>
<td>28.2%</td>
</tr>
<tr>
<td>FirstEnergy</td>
<td>$51</td>
<td>$55</td>
<td>23.3%</td>
</tr>
<tr>
<td>Eversource Energy</td>
<td>$63</td>
<td>$66</td>
<td>-3.5%</td>
</tr>
<tr>
<td>Duke Energy</td>
<td>$137</td>
<td>$146</td>
<td>25%</td>
</tr>
<tr>
<td>American Electric Power</td>
<td>$121</td>
<td>$131</td>
<td>13.1%</td>
</tr>
<tr>
<td>WEC Energy</td>
<td>$130</td>
<td>$140</td>
<td>33%</td>
</tr>
<tr>
<td>Alliant Energy</td>
<td>$67</td>
<td>$72</td>
<td>~10%</td>
</tr>
</tbody>
</table>
</div>

丰业银行将美国公用事业公司视为对冲工具，并上调了其目标价格