You may ETR now; Investor Day preview

研报英文原文证据摘录

You may ETR now; Investor Day preview

Utilities

Utilities/Regulateds - Market Overweight

ENTERGY CORP (ETR) June 4, 2026

You may ETR now; Investor Day preview Rating:

Outperform

The Wolfe Byte Price: $109.28

Heading into its 6/9 Investor Day, ETR has lost 500bp relative to large caps since Price Target:

its fwd equity sale. While we aren’t predicting another DC deal or guide-up on 6/9, $126

we think the takeaway will be what we’ve been saying for 2 yrs - the next ETR is % Upside:

15.3%likely ETR. Reit Outperform

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Positive tone on continued double-digit EPS growth with upsides. Heading into Company Information

its 6/9 Investor Day, ETR is well off relative highs reached just before a forward 52-Week Range $81 - $118

equity sale on 5/5. On its 4/29 call, ETR raised 2027-29 EPS guides and signaled Market Cap. (MM) $50,038

12% EPS growth in 2030 vs 2029. ETR will formalize its 2026-30 plan and outlook Enterprise Value (MM) $81,341

Shares Out. (MM) 457.9

at the meeting. We see a 13% earnings CAGR, well above the stated 8%+ which Avg. Value Traded (MM) $394.79

may be due for an uplift. ETR re-upped its data center backlog to 7-12GW and SI% of Float 4.7%

added 3 more turbine slots – more DC deals and earnings upside could come at

any time and we expect the meeting to focus a lot on ETR’s growth story. The other 125120

115timely topic may be new nuclear as there has been more talk about the industry

taking next steps on AP 1000 long-lead time orders. Overall, we don’t view the 105

meeting as a clear catalyst event but big catalysts can come any time with ETR as 10095

DC winners keep on winning. 9085

Investor expecations into Investor Day. In our recent investor poll, 48% of 75