-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們維持對DUK未來12個月的目標價為144美元，相當於未來12個月每股收益預期值的21.5倍，高於其五年平均水平18.4倍，與同業基本持平。我們將2026年每股盈餘預期值下調0.01美元至6.70美元，並將2027年每股盈餘預期值設定為7.16美元。 DUK已與資料中心客戶簽訂了約7.6吉瓦的電力服務協議，其中5吉瓦已在建設中。這為加速的電力負載成長提供了清晰的指引，預計整體電力需求成長將從2026年的1.5%-2.0%成長至2027-2030年的3%-4%，而同期卡羅來納州的電力負載成長將達到4%-5%。 我們預期DUK公司2025年至2028年的每股盈餘複合年增長率（EPS CAGR）為6.7%，低於電力產業平均7.9%。我們也認為，同期股息成長也將落後於同行，預計複合年增長率為3.9%，而行業平均為5.2%。儘管近期每股盈餘和股息成長預期略低，但我們認為，由於DUK服務區域內客戶數量和電力銷售成長趨勢良好，其估值倍數有望更高。
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DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue
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Research Alert: Talen Energy Q1: Operating Revenue Jumps 189% Y/y To $1.1b, Ebitda Up 137%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TLN reported exceptional Q1 results with operating revenues of $1,129M (+189% Y/Y) and adjusted EBITDA of $473M (+137% Y/Y), driven by higher PJM capacity prices, AWS PPA ramp, and improved spark spreads. Adjusted free cash flow surged 302% to $350M, benefiting from strong operating performance and favorable working capital dynamics. The Cornerstone Acquisition of 2,451 MW remains on track for H2 2026 close, with $4B financing secured at attractive rates generating over $40M in annual interest savings. TLN reaffirmed 2026 guidance of $1.75B-$2.05B adjusted EBITDA and $980M-$1,180M adjusted free cash flow, while providing preliminary 2027-2028 outlooks showing adjusted FCF per share growing to ~$34 and ~$36 respectively. We believe the company's disciplined capital allocation framework, including $1.9B remaining share repurchase authorization through 2028, positions TLN well for continued strong FCF growth with a >20% base case CAGR trajectory.
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