Wells Fargo analyst Michael Blum maintained a Sell rating on Excelerate Energy, Inc. Class A (EE – Research Report) yesterday and set a price target of $22.00.
Michael Blum has given his Sell rating due to a combination of factors impacting Excelerate Energy, Inc. Class A. Despite the company’s Q4 results surpassing expectations and its 2025 EBITDA guidance exceeding consensus, the guidance fell slightly short of Blum’s own estimates. This discrepancy, combined with a valuation that Blum finds unappealing and limited prospects for near-term growth, underpins his cautious stance.
Additionally, Excelerate Energy is facing significant cash outlays in the current year, including milestone payments for a new FSRU build and potential expenses related to an LNG carrier acquisition. While the company is exploring growth opportunities in Alaska and Vietnam, there appears to be no immediate progress, and final investment decisions seem unlikely in the near term. These financial commitments and uncertain growth prospects contribute to Blum’s decision to maintain an Underweight rating on the stock.
Blum covers the Energy sector, focusing on stocks such as Kinder Morgan, Cheniere Energy, and Cheniere Energy Partners. According to TipRanks, Blum has an average return of 9.2% and a 61.76% success rate on recommended stocks.
In another report released yesterday, Morgan Stanley also maintained a Sell rating on the stock with a $28.00 price target.