BTIG analyst Alex Kania reiterated a Buy rating on Entergy today and set a price target of $131.00.
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Alex Kania has given his Buy rating due to a combination of factors tied to Entergy’s expanded role in Meta’s Hyperion data center project. The significantly larger 7.5 GW buildout, fully funded by Meta, offers substantial rate base growth while shielding other customers from project risk and even delivering an estimated $2 billion in bill benefits.
This data center-driven load growth supports roughly $17 billion of new capital investment through 2031, driving an estimated $0.56 per share of incremental EPS by 2030 under conservative financing assumptions. On this basis, Kania raises his price target to $131 using a premium multiple versus the utility peer group, concluding that Entergy’s earnings and valuation outlook justify a continued Buy recommendation.
In another report released on March 31, Barclays also assigned a Buy rating to the stock with a $118.00 price target.