Raymond James Keeps Faith in Excelerate Energy Amid LNG Market Opportunity

Raymond James has reaffirmed its Strong Buy rating on Excelerate Energy Inc. shares, citing the company's potential in the liquefied natural gas (LNG) market.

The stock has delivered a strong 51% return over the past year and is currently trading at $36.02 per share. According to InvestingPro analysis, the stock appears undervalued at current levels, making it one of the most undervalued stocks on the platform.

Raymond James noted that Excelerate Energy addresses energy security, natural gas's role in global power generation, and improving living standards in developing nations. The company has expanded its value chain from floating storage and regasification units into downstream operations.