Latest news with #DurgeshChopra
Yahoo
29-05-2025
- Business
- Yahoo
VST Still a Top Pick Despite Price Cut, Says Evercore, Citing Strong EBITDA Path
Evercore ISI analyst Durgesh Chopra recently lowered the price target on Vistra Corp. (NYSE:VST) to $192 from $202 and kept an Outperform rating on the shares. Vistra operates as an integrated retail electricity and power generation company. In an investor note, the analyst noted that all of the major Independent Power Producers had reported their quarterly results over the last two weeks and for the most part IPPs faired relatively well during Q1 with strong adjusted EBITDA performance. The analyst expected the positive momentum to continue across the IPP coverage throughout the year. The advisory was slightly reducing price targets for Talen Energy and Vistra, primarily due to peer multiple contraction, the analyst noted. Solar panel workers installing a new farm for clean energy generation. The firm recently reaffirmed its 2025 adjusted EBITDA guidance range of $5.5 billion to $6.1 billion and its free cash flow before growth guidance of $3 billion to $3.6 billion. For 2026, the company remains confident in an adjusted EBITDA midpoint opportunity approaching $6 billion to $7 billion. Vistra sees durable demand growth across industries, particularly driven by AI and data center expansions. While legislative and regulatory clarity is awaited in Texas and PJM markets, the company expects these developments to unlock further opportunities. While we acknowledge the potential of VST, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VST and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
VST Still a Top Pick Despite Price Cut, Says Evercore, Citing Strong EBITDA Path
Evercore ISI analyst Durgesh Chopra recently lowered the price target on Vistra Corp. (NYSE:VST) to $192 from $202 and kept an Outperform rating on the shares. Vistra operates as an integrated retail electricity and power generation company. In an investor note, the analyst noted that all of the major Independent Power Producers had reported their quarterly results over the last two weeks and for the most part IPPs faired relatively well during Q1 with strong adjusted EBITDA performance. The analyst expected the positive momentum to continue across the IPP coverage throughout the year. The advisory was slightly reducing price targets for Talen Energy and Vistra, primarily due to peer multiple contraction, the analyst noted. Solar panel workers installing a new farm for clean energy generation. The firm recently reaffirmed its 2025 adjusted EBITDA guidance range of $5.5 billion to $6.1 billion and its free cash flow before growth guidance of $3 billion to $3.6 billion. For 2026, the company remains confident in an adjusted EBITDA midpoint opportunity approaching $6 billion to $7 billion. Vistra sees durable demand growth across industries, particularly driven by AI and data center expansions. While legislative and regulatory clarity is awaited in Texas and PJM markets, the company expects these developments to unlock further opportunities. While we acknowledge the potential of VST, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VST and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
Business Insider
03-05-2025
- Business
- Business Insider
Evercore ISI Sticks to Their Hold Rating for Exelon (EXC)
Evercore ISI analyst Durgesh Chopra maintained a Hold rating on Exelon (EXC – Research Report) yesterday and set a price target of $51.00. The company's shares closed yesterday at $46.48. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Chopra covers the Utilities sector, focusing on stocks such as Exelon, Centerpoint Energy, and CMS Energy. According to TipRanks, Chopra has an average return of 4.4% and a 56.80% success rate on recommended stocks. In addition to Evercore ISI, Exelon also received a Hold from KeyBanc's Sophie Karp in a report issued yesterday. However, on the same day, Guggenheim maintained a Buy rating on Exelon (NASDAQ: EXC). EXC market cap is currently $47.04B and has a P/E ratio of 19.00. Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXC in relation to earlier this year. Most recently, in February 2025, Honorable Colette D, the EVP, CLO & Corporate Secretary of EXC sold 1,463.00 shares for a total of $59,353.91.
