Entergy, the Utilities sector company, was revisited by a Wall Street analyst on March 27. Analyst William Appicelli from UBS maintained a Buy rating on the stock and has a $120.00 price target.
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William Appicelli has given his Buy rating due to a combination of factors tied to Entergy’s expanding role in data center infrastructure and regulated utility growth. The new long-term agreement with Meta to serve a north Louisiana data center, with Meta funding the required generation and transmission, materially enhances projected customer savings while supporting a sizable, low-risk capital program for Entergy.
This transaction underscores Entergy’s status as a growth and affordability leader, supported by a large pipeline of new gas generation, storage, nuclear investment, and incremental renewables under established regulatory frameworks. The company’s substantial capex plan and strong alignment between regulators and its asset mix position it for one of the highest growth trajectories in the sector, justifying a premium valuation and supporting Appicelli’s conviction in a Buy recommendation on the shares.
In another report released on March 17, Wells Fargo also assigned a Buy rating to the stock with a $119.00 price target.