Research · Sep 3, 2026
[DTE] DTE Energy Thesis 2026: Largest Data Center Deal in History Anchors Capex Surge
DTE Energy FY25 op EPS $7.36 (above guide $7.09-$7.23); GAAP EPS $7.06; revenue $15.81B; op income $2.37B (+14%); NI $1.46B (+4%). 1.4GW data center deal signed (first large hyperscaler); 3GW additional in late-stage negotiations. 5-year capital plan increased $30B → $36.5B. SAIDI best in 20 years; 99.9% restored within 48hr. RNG production tax credits at DTE Vantage. FY26 guide: op EPS $7.59-$7.73 (+6-8%); 6-8% LT EPS growth through 2030; utility op earnings to 93% by 2030; equity issuance $500-600M annual.
Research · Apr 10, 2026
US Utilities Rotation: DUK and AEP Lead as Inflation Fades — 2 to Buy, 2 to Avoid
As inflation eases, US utilities are poised for growth driven by infrastructure investments. Duke Energy and American Electric Power emerge as strong candidates, while Dominion Energy and Entergy face challenges. Monitoring regulatory changes and economic conditions will be crucial.
$128.52
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