Wells Fargo Maintains Buy Rating on Entergy (ETR) Stock Amid Durable Earnings Growth and Undervaluation

Wells Fargo analyst Neil Kalton maintains a "Buy" rating on Entergy Corporation (NYSE:ETR) with a $119.00 price objective, citing durable earnings growth and undervaluation. The analyst believes the company's new energy service agreements, combined-cycle gas generation projects, and long-term regulated nuclear investments will drive incremental EPS. Additionally, Entergy is well-positioned to benefit from increased data center and hyperscaler power demand, as well as emerging nuclear consortia and projects backed by hyperscalers.