Goldman Sachs On 10 Utilities Stocks: What To Buy, Sell And Is Neutral
Portfolio Pulse from Priya Nigam
Goldman Sachs analyst Carly Davenport initiated coverage of 10 utilities companies, identifying them as 'decarbonization enablers' and 'grid transformation' agents. She assigned buy, sell, and neutral ratings to these stocks based on their exposure to mega-trends in the utilities sector.
June 09, 2023 | 3:48 pm
News sentiment analysis
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POSITIVE IMPACT
Goldman Sachs analyst Carly Davenport assigned a buy rating to American Electric Power Company Inc with a price target of $98.
The buy rating and price target of $98 for American Electric Power Company Inc indicate that the analyst believes the stock has potential for growth in the short term, driven by its exposure to grid reliability investments.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst Carly Davenport assigned a buy rating to NextEra Energy Inc with a price target of $90.
The buy rating and price target of $90 for NextEra Energy Inc indicate that the analyst believes the stock has potential for growth in the short term, driven by its exposure to renewables growth.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst Carly Davenport assigned a buy rating to Southern Co with a price target of $80.
The buy rating and price target of $80 for Southern Co indicate that the analyst believes the stock has potential for growth in the short term, driven by its exposure to nuclear earnings growth.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst Carly Davenport assigned a buy rating to Sempra with a price target of $178.
The buy rating and price target of $178 for Sempra indicate that the analyst believes the stock has potential for growth in the short term, driven by its exposure to LNG upside.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst Carly Davenport assigned a buy rating to Xcel Energy Inc with a price target of $75.
The buy rating and price target of $75 for Xcel Energy Inc indicate that the analyst believes the stock has potential for growth in the short term, driven by its exposure to grid reliability investments.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Goldman Sachs analyst Carly Davenport assigned a neutral rating to Dominion Energy Inc with a price target of $55.
The neutral rating and price target of $55 for Dominion Energy Inc indicate that the analyst believes the stock will remain stable in the short term, due to its limited exposure to the mega-trends in the utilities sector.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Goldman Sachs analyst Carly Davenport assigned a neutral rating to Duke Energy Corp with a price target of $99.
The neutral rating and price target of $99 for Duke Energy Corp indicate that the analyst believes the stock will remain stable in the short term, due to its limited exposure to the mega-trends in the utilities sector.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Goldman Sachs analyst Carly Davenport assigned a neutral rating to Public Service Enterprise Group Inc. with a price target of $64.
The neutral rating and price target of $64 for Public Service Enterprise Group Inc. indicate that the analyst believes the stock will remain stable in the short term, due to its limited exposure to the mega-trends in the utilities sector.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs analyst Carly Davenport assigned a sell rating to Consolidated Edison, Inc. with a price target of $88.
The sell rating and price target of $88 for Consolidated Edison, Inc. indicate that the analyst believes the stock has potential for decline in the short term, due to its limited exposure to the mega-trends in the utilities sector.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs analyst Carly Davenport assigned a sell rating to Exelon Corp with a price target of $39.
The sell rating and price target of $39 for Exelon Corp indicate that the analyst believes the stock has potential for decline in the short term, due to its limited exposure to the mega-trends in the utilities sector.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100