Entergy resumed with an Outperform at RBC Capital

RBC Capital analyst Stephen D’Ambrisi resumed coverage of Entergy (ETR) with an Outperform rating and $115 price target Last year’s Meta (META) Hyperion datacenter announcement drove significant increases to the capital plan to enable the first 2GW of capacity to go online, but there is more to come, the analyst tells investors in a research note. The firm sees additional upside to consensus in 2028 and 2029 without underwriting significant upside from Hyperion expansion or Google (GOOGL) Arkansas, and sees the stock trading at an undemanding 3%-4% premium large cap regulated electric peer group.