Latest news with #electricpower
Yahoo
a day ago
- Business
- Yahoo
What Are Wall Street Analysts' Target Price for Entergy Stock?
With a market cap of $39.8 billion, Entergy Corporation (ETR) is a leading integrated energy company engaged in electric power production and retail distribution. Serving over 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, Entergy operates a diverse generation fleet of approximately 25,000 megawatts powered by gas, nuclear, coal, hydro, and solar sources. Shares of the New Orleans, Louisiana-based company have outperformed the broader market over the past 52 weeks. ETR stock has surged 49.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 16%. Moreover, shares of Entergy are up 16.1% on a YTD basis, compared to SPX's 9.6% gain. More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Lyft Generates Huge FCF Margins - LYFT Stock Is Too Cheap Billionaire Philippe Laffont Just Ditched Super Micro Computer Stock. Should You? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Looking closer, the power company stock has also outpaced the Utilities Select Sector SPDR Fund's (XLU) 14.8% return over the past 52 weeks. Shares of Entergy rose 1.2% on Jul. 30 after the company posted stronger-than-expected Q2 2025 results, with net income of $1.05 per share and revenue of $3.3 billion. The utility also raised its long-term profit outlook, lifting its 2027 forecast to $4.70 per share - $5 per share and its 2028 forecast to $5.20 per share - $5.50 per share. Additionally, Entergy boosted its four-year capital expenditure plan to $40 billion to support 5 GW - 10 GW of new data center projects, including a potential deal to power Meta's $10 billion Louisiana campus, and to expand solar, battery storage, and natural gas capacity. For the fiscal year ending in December 2025, analysts expect ETR's EPS to grow 6.6% year-over-year to $3.89. The company's earnings surprise history is promising. It beat the consensus estimates in the last four quarters. Among the 17 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 11 'Strong Buy' ratings and six 'Holds.' This configuration is slightly less bullish than three months ago, with 12 'Strong Buy' ratings on the stock. On Jul. 31, Mizuho raised Entergy's price target to $97 while maintaining an 'Outperform' rating. As of writing, the stock is trading below the mean price target of $92.66. The Street-high price target of $102 implies a potential upside of 15.7%. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-08-2025
- Business
- Yahoo
NextEra Energy Stock: Is Wall Street Bullish or Bearish?
Juno Beach, Florida-based NextEra Energy, Inc. (NEE) generates, transmits, distributes, and sells electric power to retail and wholesale customers across North America. Valued at $145 billion by market cap, NextEra generates electricity through wind, solar, nuclear, natural gas, and other clean sources. The utilities giant has notably underperformed the broader market over the past year. NextEra's stock prices have dropped 10.2% over the past 52 weeks and 1.8% on a YTD basis, lagging behind the S&P 500 Index's ($SPX) 14.5% gains over the past year and 6.1% returns in 2025. More News from Barchart Find Winning Momentum Trades With This Moving Average Stock Screener Tariffs, Earnings and Other Can't Miss Items this Week This Blue-Chip Dividend Stock Is Stuck in the Tariff Crosshairs. Can Cost Cuts Save the Day? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Narrowing the focus, NextEra has also underperformed the sector-focused Utilities Select Sector SPDR Fund's (XLU) 15.8% surge over the past 52 weeks and 13.4% gains in 2025. NextEra's stock prices plunged 6.1% and maintained a negative momentum for the next three trading sessions after the release of its Q2 results on Jul. 23. Driven by continued growth in demand, the company's topline for the quarter soared 10.4% year-over-year to $6.7 billion. However, this figure missed the Street expectations by $819.7 million, which unsettled investor confidence. On the positive note, its adjusted EPS grew 9.4% year-over-year to $1.05 and surpassed consensus estimates by 2.9%. For the full fiscal 2025, ending in December, analysts expect NextEra to deliver an adjusted EPS of $3.68, up 7.3% year-over-year. Moreover, the company has a solid earnings surprise history. It has surpassed the Street's bottom-line estimates in each of the past four quarters. Despite the recent revenue miss and dip in stock prices, analysts remain optimistic about the company's long-term prospects, as energy demand is expected to grow at a high rate in North America over the coming decades. The stock has a consensus 'Moderate Buy' rating overall. Of the 20 analysts covering the stock, opinions include 12 'Strong Buys,' seven 'Holds,' and one 'Strong Sell.' This configuration is slightly less bullish than three months ago, when 13 analysts gave 'Strong Buy' recommendations. On Jul. 21, BMO Capital analyst James Thalacker reiterated an 'Outperform' rating on NEE and raised the price target from $77 to $81. NEE's mean price target of $82.06 suggests a 16.6% upside potential. Meanwhile, the Street-high target of $97 represents a substantial 37.8% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
01-08-2025
- Business
- Yahoo
AES (AES) Q2 Earnings Beat Estimates
AES (AES) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +30.77%. A quarter ago, it was expected that this power company would post earnings of $0.37 per share when it actually produced earnings of $0.27, delivering a surprise of -27.03%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. AES, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $2.86 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 13.51%. This compares to year-ago revenues of $2.94 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. AES shares have added about 1.6% since the beginning of the year versus the S&P 500's gain of 8.2%. What's Next for AES? While AES has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for AES was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.66 on $3.53 billion in revenues for the coming quarter and $2.14 on $12.51 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, NRG Energy (NRG), is yet to report results for the quarter ended June 2025. The results are expected to be released on August 6. This power company is expected to post quarterly earnings of $1.54 per share in its upcoming report, which represents a year-over-year change of +4.1%. The consensus EPS estimate for the quarter has been revised 3.1% higher over the last 30 days to the current level. NRG Energy's revenues are expected to be $6.02 billion, down 9.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The AES Corporation (AES) : Free Stock Analysis Report NRG Energy, Inc. (NRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Auto Express
25-07-2025
- Automotive
- Auto Express
Get off that Porsche 911 configurator! New V8 Mercedes Concept AMG GT Track Sport is coming
The Mercedes-AMG division might be looking more heavily into electric power than ever (as evidenced by the 1,341bhp AMG GT XX concept), but the new Concept AMG GT Track Sport shows just how important internal-combustion engines remain to the brand. Teased officially for the first time, the Concept AMG GT Track Sport is based on the second-generation AMG GT sports car, which arrived in 2023. Although only a concept, we suspect it'll pave the way for a new halo car within the AMG GT line-up. In fact, Mercedes has suggested as much by saying the concept 'provides a preview of a possible expansion of the GT series with a V8 engine'. So far with the current AMG GT we've seen a 2.0-litre four-cylinder 43 model with 416bhp, and several V8-powered versions in the form of the GT 55, GT 63 and the 803bhp plug-in hybrid GT 63 E Performance. The Concept AMG GT Track Sport will likely spawn a replacement for the AMG GT Black Series or GT R Pro, as the most hardcore iteration of Mercedes' Porsche 911 GT3 RS rival. Advertisement - Article continues below Our dealer network has 1,000s of great value new cars in stock and available now right across the UK. Find your new car now… Despite the cloaking of this model, it's possible to ascertain a few key visual elements. We can clearly see this version is wider and lower, with a big splitter at the front and a huge swan-neck rear wing that wouldn't look out of place on a grid of GT3 race cars. Using what we suspect to be a more potent iteration of the 603bhp 4.0-litre twin-turbocharged V8 in the GT 63 Pro, Mercedes-AMG says the Concept AMG GT Track Sport will set 'new standards and record times', with the latter potentially a Nürburgring lap time attempt. The brand has form here, with the old AMG GT Black Series still third in the all-time standings. If you're a fan of Mercedes-AMG, then why not head over to the Auto Express marketplace where you'll find great deals on used AMGs, from the A 35 hot hatch up to the AMG GT? It's not yet been revealed when and where the Concept AMG GT Track Sport will be officially unveiled, although the Munich Motor Show in September would seem likely.
Yahoo
24-07-2025
- Business
- Yahoo
Will Fortis (FTS) Beat Estimates Again in Its Next Earnings Report?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fortis (FTS), which belongs to the Zacks Utility - Electric Power industry. This electric and gas utility has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.48%. For the most recent quarter, Fortis was expected to post earnings of $0.7 per share, but it reported $0.69 per share instead, representing a surprise of 1.45%. For the previous quarter, the consensus estimate was $0.57 per share, while it actually produced $0.59 per share, a surprise of 3.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Fortis lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Fortis has an Earnings ESP of +1.48% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 1, 2025. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortis (FTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
