ETR - Quick Take - 2026 Investor Day Initial Thoughts: Power Positioning Presents Positive Post 2030 Possibilities

Research evidence excerpt

ETR - Quick Take - 2026 Investor Day Initial Thoughts: Power Positioning Presents Positive Post 2030 Possibilities

Truist Securities

Equity Research Report June 9, 2026

UTILITIES: Power and Utilities Entergy Corporation (ETR)

ETR - Quick Take - 2026 Investor Day Initial Thoughts: Power Richard Sunderland

212-303-4124 Positioning Presents Positive Post 2030 Possibilities

Richard.Sunderland@truist.com

Michael Gomez Into Entergy's much anticipated investor day this afternoon, slides are now out and offer a

212-537-8997 look into highlights from the upcoming event. Our initial read is positive, and we think the

Michael.Gomez@truist.com key takeaways are: 1) ETR has secured 10 CCCTs for growth (including 6 additions this

year), for a ~7.5GW generation opportunity above plan over 2031-2033, 2) this positions

ETR to address a potential 10-17GW load opportunity above its base case (data centers

are 7-12GW of this), and 3) ETR's new >8% 2030-2035 EPS CAGR base case screens

Current Price (Jun. 8, $108.11 as a strong starting point before considering load/supply opportunities to march growth 2026)

higher. Out of earnings, this generation position update was our key focus, and we see slide

Stock Rating BUY materials delivering positivity around ETR's compelling opportunity (and all consistent with

Unchanged our thesis and positive outlook on ETR as one of three favorite names from our recent Power

& Utilities launch). In short, what the market has come to expect from ETR in serial large load

Price Target $127.00 announcements appears primed to continue, all to the benefit of a clear premium growth

Unchanged spread versus the overall regulated group.

There is still much to come from the event itself in timing considerations around future load