FMP
Sep 13, 2024 1:21 PM - Davit Kirakosyan
Image credit: FMP
Mizuho analysts reaffirmed their Outperform rating for Sempra Energy (NYSE:SRE), maintaining a price target of $88 on the stock.
Following investor meetings in Boston and Toronto with Sempra’s CFO Karen Sedgwick, the analysts noted the company’s confidence in managing challenges related to the ECA delay and recent changes in the Cost of Capital (COC) mechanism as they approach 2025. The analysts highlighted that California’s regulatory environment continues to offer balanced returns and strong wildfire protection for both customers and investors.
Sempra’s subsidiary, Oncor, is also expected to receive approval for its SRP plan later this year, which has not yet been factored into Sempra's five-year forecast. Additionally, the $13-15 billion Permian Transmission project, in which Sempra holds a 40% stake, could provide further capital opportunities through 2038 but is not currently included in the company’s capex outlook.
The analysts also emphasized Sempra’s confidence in its LNG strategy, with management reaffirming plans to secure all output for the Port Arthur 2 (PA2) project by the third-quarter earnings call.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...