In a report released yesterday, Alex Kania from BTIG reiterated a Buy rating on Spire, with a price target of $99.00.
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Alex Kania has given his Buy rating due to a combination of factors that highlight Spire’s growth potential and strategic initiatives. Despite Spire’s fiscal year 2025 earnings falling short of expectations, the company’s guidance for 2026 and 2027 aligns with BTIG’s estimates and surpasses consensus forecasts. This forward-looking guidance, coupled with an increase in Spire’s capital plans by approximately 9% over five years and 51% over ten years, underscores the company’s commitment to long-term growth.
Furthermore, the potential sale of Spire’s storage assets to fund the Piedmont acquisition could enhance cash flow quality and be modestly accretive to earnings per share. Spire’s valuation is also attractive, with a sum-of-the-parts analysis suggesting a 12-month price target of $99, supported by a premium applied to its shares due to its diversified business model. These elements collectively contribute to a positive outlook for Spire, justifying the Buy rating.
According to TipRanks, Kania is ranked #4946 out of 10073 analysts.