Raymond James Stands Firm on Excelerate Energy Buy Rating
Excelerate Energy Inc () has maintained its Strong Buy rating and $50.00 price target from Raymond James, citing the company's significant role in the liquefied natural gas market. The stock has delivered a strong 51% return over the past year, trading at $36.02.
Raymond James hosted Excelerate Energy management for meetings across several Midwest cities last week and noted that the company addresses energy security, natural gas's role in global power generation, and improving living standards in developing nations.
The firm expressed high long-term conviction in its positive thesis based on what it described as a durable financial profile and the company's market positioning. Excelerate Energy has expanded its value chain from floating storage and regasification units into downstream operations, serving multiple regions.