JPMorgan upgraded Excelerate Energy (EE) to Neutral from Underweight with a price target of $30, down from $32, after assuming coverage of the name. The company’s recent Jamaica acquisition expands its downstream operations while also offering a new platform for capital efficient growth, the analyst tells investors in a research note. The firm believes Excelerate has increased its long-term business stability with over 90% take-or-pay cash flows largely insulating operations it from commodity market volatility.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EE:
- Northland trims Excelerate Energy price target, sees good entry point
- Excelerate Energy’s Earnings Call Highlights Growth and Challenges
- Cautious Outlook on Excelerate Energy: Uncertain Growth Plans and Financial Commitments Justify Sell Rating
- Excelerate Energy Reports Strong Q2 2025 Results
- Wells upgrades Excelerate Energy to Equal Weight on higher expected growth