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UBS analysts project significant growth in North America's Power and Utilities sector, with capital expenditures expected to rise by 15% over five years, totaling an additional $124 billion. Entergy Corporation, with a market cap of $36.12 billion, is a key player, showing a 68.51% return over the past year and maintaining strong financial stability, including 38 consecutive years of dividend payments. Despite a revenue miss in its latest earnings report, analysts remain optimistic, raising price targets for Entergy, which plans a $37 billion capital investment through 2028, anticipating industrial sales growth of 12-13%.
UBS analysts project a positive outlook for North American utilities, forecasting a 15% increase in capital expenditures over the next five years, amounting to an additional $124 billion. Entergy Corporation, with a strong market performance and a $37 billion capital investment plan, exemplifies the sector's robust fundamentals, despite a recent revenue miss. Analysts have raised price targets for Entergy, reflecting confidence in its growth potential and regulatory strength.
Entergy Corporation focuses on electricity generation and distribution, with 97.5% of its net sales coming from this sector. The company operates power plants with a production capacity of nearly 24,000 MW as of the end of 2023, while natural gas distribution and other activities contribute 1.5% and 1% respectively. All sales are generated within the United States.
Entergy Corp. is in discussions with major customers about deploying small nuclear reactors to meet rising electricity demand from factories and AI data centers, according to CEO Drew Marsh. The utility, which operates four large nuclear plants, is also considering upgrades that could add around 400 megawatts of capacity, but financing new plants remains a challenge.
UBS has updated its U.S. Top Picks list, adding Suncor, Entergy, and Sempra shares while removing Visa and Intercontinental Exchange. Suncor's turnaround under new CEO Rich Kruger and Entergy's declining regulatory risk are highlighted, while Bank of America and Truist Financial are favored for their potential benefits from economic conditions.
UBS has updated its top picks, adding Bank of America and Truist Financial, reflecting expectations for a soft landing in the U.S. economy. The firm removed Intercontinental Exchange and Visa from its list, favoring banks that can leverage interest rate cuts. Additionally, UBS made adjustments in other sectors, adding Suncor Energy, Entergy Corp, and Sempra Energy, while maintaining financials, information technology, and utilities as its most preferred sectors.
Entergy Corporation
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ubs updates top picks adding energy and financial stocks while removing others
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USA
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14:43 28.10.2024
ubs updates top stock picks adding bank of america and truist
Entergy Corporation
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Suncor Energy Inc.
Truist Financial Corporation
Bank of America Corporation
Sempra
Intercontinental Exchange, Inc.
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13:53 28.10.2024
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