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分析師將波特蘭通用電氣公司（NYSE：POR）的評級從板塊權重升級爲超配，目標價爲52美元。
The analysts write that the company is seeing strong power demand growth due to high-tech and semiconductor industries.
分析師表示，該公司由於高科技和半導體產業的需求增長強勁。
The region is also appealing for data centers, especially those needing low latency, thanks to cross-Pacific subsea cables, adds the analysts.
該地區對於數據中心也很有吸引力，特別是那些需要低延遲的，歸功於跨太平洋海底電纜。
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.
分析師表示，由於工業客戶佔總負荷的約30％，並以7.5％的速度增長，POR的整體負荷增長強勁。
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.
分析師寫道，POR的電力成本恢復機制的最近更新通過減少暴露于波動成本並縮短與可再生能源跟蹤器的監管滯後時間來改善了收益。
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.
他們進一步補充說，該公司現在旨在通過在跟蹤器中包括獨立電池並改進投資回收機制來進一步提高資本回收。
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.
波特蘭通用電氣此次管理的較大RFP尋求約1-2 GW的容量，而此前只有700 MW，並將在8月公佈入圍名單，由年底進行財務選擇。分析師預計贏得率將超過25％的估計值，這可能將增加增長率超出5-7％的上限。
Portland expects to report second-quarter FY24 results on July 26, 2024.
波特蘭通用電氣預計將於2024年7月26日報告第二季度FY24業績。
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).
投資者可以通過系列投資信託公司基礎設施小盤股息ETF（NYSE：SCAP）和VictoryShares美國小盤高股息波動調整ETF（NASDAQ：CSB）獲得該股的投資機會。
Price Action: POR shares are up 1.53% at $47.06 at the last check Monday.
股票POR在上週一的最後一次檢查時上漲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.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Image: Joe from Pixabay
圖片：來自Pixabay的Joe
