Portland General Electric's Data Centers, Industry Growth Fuel Stock Upgrade
Portland General Electric's Data Centers, Industry Growth Fuel Stock Upgrade
The analysts say that with industrial customers, who make up about 30% of the total load and are growing at 7.5%, POR's overall load growth is robust.KeyBanc Capital Markets analysts upgraded Portland General Electric Company (NYSE:POR) to Overweight from Sector Weight, with a $52 price target.
KeyBanc Capital Markets分析师将波特兰通用电气公司（NYSE：POR）的评级从板块权重升级为超配，目标价为52美元。
The analysts write that the company is seeing strong power demand growth due to high-tech and semiconductor industries.
分析师写道，由于高科技和半导体行业的强劲电力需求增长，该公司正在看到强劲的增长。
The region is also appealing for data centers, especially those needing low latency, thanks to cross-Pacific subsea cables, adds the analysts.
该地区对于数据中心也很有吸引力，特别是那些需要低延迟的，归功于跨太平洋海底电缆。
The analysts say that with industrial customers, who make up about 30% of the total load and are growing at 7.5%, POR's overall load growth is robust.
分析师说，随着工业客户占总负载的约30％，并以7.5％的速度增长，POR的总负载增长强劲。
The analysts write that recent updates to POR's power cost recovery mechanism have improved earnings by reducing exposure to volatile costs and cutting regulatory lag with renewable trackers.
分析师写道，POR的电力成本恢复机制的最近更新通过减少暴露于波动成本并缩短与可再生能源跟踪器的监管滞后时间来改善了收益。
They further add that the company is now aiming to enhance capital recovery further by including standalone batteries in the tracker and refining the investment recovery mechanism.
他们进一步补充说，该公司现在旨在通过在跟踪器中包括独立电池并改进投资回收机制来进一步提高资本回收。
Portland General Electric is managing a larger RFP this time, seeking ~1-2 GW of capacity compared to 700 MW previously and the shortlist will be announced in August, with financial selection by year-end. The analysts expect a win rate above the 25% estimate, which could boost growth toward the higher end of the 5-7% range.
波特兰通用电气这次管理了一个更大的RFP，寻求 ~1-2 GW的产能，而之前只有700 MW，最终的名单将于2022年8月公布，财务选择将于年底前完成。分析师预计胜率将超过25％的估计，这可能会将增长推向5-7％的较高端。
Portland expects to report second-quarter FY24 results on July 26, 2024.
波特兰通用电气预计将于2024年7月26日报告第二季度FY24业绩。
Investors can gain exposure to the stock via Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE:SCAP) and VictoryShares US Small Cap High Div Volatility Wtd ETF (NASDAQ:CSB).
投资者可以通过系列投资信托公司基础设施小盘股息ETF（NYSE：SCAP）和VictoryShares美国小盘高股息波动调整ETF（NASDAQ：CSB）获得该股的投资机会。
Price Action: POR shares are up 1.53% at $47.06 at the last check Monday.
股票POR在上周一的最后一次检查时上涨1.53％至47.06美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
Image: Joe from Pixabay
图片：来自Pixabay的Joe