Earnings GrowthSempra's premium rate base, earnings growth, constructive regulatory environments, and solid balance sheet should create the potential for multiple expansion.
Regulatory ClarityAnalysts believe with upcoming regulatory clarity and updates, SRE shares could move higher as the story is derisked.
Texas Growth StoryWith solid Q1 results and guidance intact, the Texas growth story stole the show as SRE filed for a $3B SRP and highlighted the robust demand growth story.