EQT CORP

Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. In a recently published study, equity analyst Carly Davenport has listed a basket of stocks positioned to benefit from the potential massive surge in U.S. power demand. The investment bank forecasts that data center power demand will grow at 15% compound annual growth rate from 2023-2030. This growth trajectory is expected to elevate data centers’ share of total US power demand to 8% by 2030, up from the current level of approximately 3%. The “U.S. power demand (is) likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth,” Goldman Sachs highlights. Analysts estimate that about 47 GW of additional power generation capacity will be necessary to accommodate the growth in U.S. data center power demand by 2030. This demand is anticipated to be met by approximately 60% gas and 40% renewable sources. The projection suggests that this trend will drive approximately $50 billion in capital investment in U.S. power generation capacity by 2030. Goldman Sachs has pinpointed 16 stocks rated ...Full story available on Benzinga.com

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EQT (NYSE:EQT) underwent analysis by 25 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 7 13 1 0 Last 30D 0 0 1 0 0 1M Ago 2 3 7 0 0 2M Ago 2 3 4 1 0 3M Ago 0 1 1 0 0 Analysts have recently evaluated EQT and provided 12-month price targets. The average target is $41.8, accompanied by a high estimate of $60.00 and a low estimate of $27.00. This current average has decreased by 0.81% from the previous average price target of $42.14. Investigating Analyst Ratings: An Elaborate Study A comprehensive examination of how financial experts perceive EQT is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Nitin Kumar Mizuho Raises Neutral $43.00 $40.00 Mike Scialla Stephens & Co. Raises Equal-Weight $47.00 $46.00 Mark Lear Piper Sandler Lowers Overweight $41.00 $47.00 David Deckelbaum TD Cowen Announces Hold $43.00 - Devin McDermott Morgan Stanley Raises Overweight $49.00 $37.00 Roger Read Wells Fargo Lowers Equal-Weight $37.00 $48.00 Nitin Kumar Mizuho Raises Neutral $40.00 $39.00 Cameron Bean Scotiabank Raises Sector Outperform $52.00 $40.00 Jean Ann Salisbury Bernstein Raises Market Perform $34.00 $27.00 Neal Dingmann Truist Securities Lowers Hold $35.00 $37.00 Lloyd Byrne Jefferies Raises Buy $43.00 $42.00 Nitin Kumar Mizuho Maintains Neutral $39.00 - Umang Choudhary Goldman Sachs Lowers Buy $43.00 $48.00 Lloyd Byrne Jefferies Lowers Buy $42.00 $50.00 Arun Jayaram JP Morgan Lowers Neutral $37.00 $39.00 Nitin Kumar Mizuho Lowers Neutral $39.00 $46.00 Neal Dingmann Truist Securities Lowers Hold $37.00 $39.00 Phillip Jungwirth BMO Capital Lowers Outperform $40.00 $42.00 Cameron Bean Scotiabank Lowers Sector Perform $40.00 $43.00 Doug Leggate B of A Securities Raises Buy $60.00 $52.00 Jean Ann Salisbury Bernstein Lowers Underperform $27.00 $30.00 Mark Lear Piper Sandler Raises Overweight $47.00 $45.00 Scott Hanold RBC Capital Maintains Outperform $46.00 - Mark Lear Piper Sandler Lowers Overweight $45.00 $49.00 Neal Dingmann Truist Securities Lowers Hold $39.00 $41.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their ...Full story available on Benzinga.com

Related tickers: EQT.