In a report released today, Bobby Brooks from Northland Securities maintained a Buy rating on Excelerate Energy, Inc. Class A, with a price target of $50.00.
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Bobby Brooks has given his Buy rating due to a combination of factors that, in his view, support further upside in Excelerate Energy’s shares despite their strong year‑to‑date performance. He highlights the expected contribution from the new floating storage and regasification unit (FSRU) that is scheduled to come online in Iraq in the second half of 2026, which is reflected in his newly introduced FY27 forecasts. Brooks also points to a stronger near‑term earnings outlook, noting that he expects fourth‑quarter 2025 adjusted EBITDA to come in above both company guidance and consensus, supported by additional LNG cargo deliveries linked to the Shenandoah vessel. In addition, he views the company’s new $75 million share repurchase authorization—following the full use of the prior $50 million program—as a clear signal from management that the stock remains undervalued.
Brooks’s updated model shows healthy growth in both revenue and adjusted EBITDA into FY27, driven by rising LNG, gas, and power sales, as well as higher FSRU and terminal services income once the Iraq project ramps. He projects FY27 free cash flow to increase substantially versus FY26, with room for upside if Iraq ultimately takes higher gas volumes than the minimum levels currently contracted. Operating expenses are expected to remain well controlled, with selling, general, and administrative costs growing modestly and staying flat as a percentage of revenue, which supports margin expansion. Taken together—solid execution on current contracts, incremental earnings from the new build, disciplined cost management, and shareholder‑friendly capital returns—these factors underpin his decision to raise the price target to $50 and reiterate a Buy recommendation on Excelerate Energy, Inc. Class A.
In another report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $41.00 price target.