TD Cowen starts coverage of CenterPoint Energy and Evergy with Buy ratings
TD Cowen initiated coverage of CenterPoint Energy and Evergy with Buy ratings, seeing 16.6% and 14.3% upside to its $47 and $95 targets.
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what happened
TD Cowen analysts have initiated coverage of CenterPoint Energy and Evergy with Buy ratings, according to TradingView, which cites Benzinga reference data. The CenterPoint price target is $47, implying 16.6% upside from the October 21 close of $40.32. The Evergy target is $95, or 14.3% above its $83.15 close.
According to the analyst note, CenterPoint has a strong growth driver in Houston's expanding population and industrial base. Management expects roughly 10 GW of incremental peak load growth by 2031. Rider adjustments in Texas let the company recover investments faster, which reduces regulatory lag and supports steadier earnings.
TD Cowen sees Evergy benefiting from contracted hyperscale demand and a clear regulatory framework for large customers. Its Kansas City service territory offers established infrastructure, favorable tax incentives and a strong ecosystem for data centers.
why it matters
For investors in regulated power utilities, these views matter because rising demand from data centers and industry expands the rate base and future earnings. Still, this is one bank's opinion rather than a forecast of price moves.
tags
instruments
sources
- TD Cowen initiates coverage of CenterPoint Energy with Buy rating, $47 price target — TradingView, 22 October 2026 at 13:44 UTC
- TD Cowen initiates coverage of Evergy with Buy rating, $95 price target — TradingView, 22 October 2026 at 13:40 UTC
- TD Cowen initiates coverage of Ameren with Hold rating, $114 price target — TradingView, 22 October 2026 at 13:48 UTC
- TD Cowen initiates coverage of Talen Energy with Buy rating, $475 price target — TradingView, 22 October 2026 at 14:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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