Excelerate Energy ($EE) Stock Forecast: Down 5.4% Today

What is Excelerate Energy?

Excelerate Energy Inc. (NYSE: EE) operates in the energy sector and is publicly traded on the New York Stock Exchange.

Why is Excelerate Energy going down?

EE stock is down 5.4% on Aug 30, 2024 13:44

• EE's stock witnessed a decline in value during the recent trading session.
• Participation in the Barclays CEO Energy-Power Conference did not yield a positive outcome for EE's stock performance.
• Market participants may have anticipated significant announcements or advancements from the conference, resulting in disappointment and a sell-off of EE shares.
• The absence of substantial updates or discussions on future growth prospects during the Fireside Chat with Excelerate's CEO likely contributed to the downward trajectory observed in EE's share price.

EE Price Chart

EE News

Excelerate Energy to Participate at Barclays CEO Energy-Power Conference

https://www.investing.com/news/press-releases/excelerate-energy-to-participate-at-barclays-ceo-energypower-conference-93CH-3585881

https://www.investing.com/news/press-releases/excelerate-energy-to-participate-at-barclays-ceo-energypower-conference-93CH-3585881

Excelerate Energy to Participate at Barclays CEO Energy-Power Conference

Excelerate Energy, Inc. (NYSE: EE) today announced that it will participate in a Fireside Chat and host meetings with investors at the Barclays CEO Energy-Power Conference on September 3, 2024 in New York. The Fireside Chat with Steven Kobos, President and Chief Executive Officer of Excelerate, is scheduled for Tuesday, September 3, 2024, at 3:00 p.m. Eastern Time (2:00 p.m. Central Time). Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/18414644-excelerate-energy-to-participate-at-barclays-ceo-energy-power-conference

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Excelerate Energy Price History

29.01.2024 - EE Stock was up 3.2%

• Excelerate Energy (EE) missed Q4 earnings and revenue estimates, which could have initially dampened investor sentiment.
• The company, however, reported robust financials for 2023, including strong net income and adjusted EBITDA figures, leading to increased investor confidence.
• The announcement of a new $50 million share repurchase program and a quarterly dividend declaration further boosted shareholder optimism.
• Analysts tagged Excelerate Energy as a key player and started the stock with an outperform rating, adding to the positive market sentiment and driving the bullish movement in EE stock.

30.07.2024 - EE Stock was down 5.4%

• EE's stock witnessed a decline in value during the recent trading session.
• Participation in the Barclays CEO Energy-Power Conference did not yield a positive outcome for EE's stock performance.
• Market participants may have anticipated significant announcements or advancements from the conference, resulting in disappointment and a sell-off of EE shares.
• The absence of substantial updates or discussions on future growth prospects during the Fireside Chat with Excelerate's CEO likely contributed to the downward trajectory observed in EE's share price.

02.03.2024 - EE Stock was down 5.0%

• The bearish movement in EE stock today might be attributed to:
• Increased investor interest in Bloom Energy (BE) causing a shift in focus away from EE.
• Negative earnings estimate revisions in the renewable energy sector impacting EE's stock performance.
• Higher trading volume in BE leading to profit-taking in EE by investors.

09.10.2023 - EE Stock was up 14.6%

• EE reported strong Q3 2023 results and raised their full-year EBITDA forecast, indicating positive financial performance.
• Excelerate Energy signed a long-term LNG sale and purchase agreement with Petrobangla, securing future revenue streams and expanding their market presence.
• The increase in adjusted EBITDA guidance for the full year suggests improved profitability and investor confidence in EE.
• The positive market movement could be attributed to the combination of strong financial results and the long-term agreement with Petrobangla, demonstrating growth potential for Excelerate Energy.

04.03.2024 - EE Stock was down 5.0%

• Today's decline in Excelerate Energy's stock (EE) may be explained by the following factors:
• Despite optimistic predictions from Wall Street analysts suggesting a potential 44.4% uptick for EE, the market's reaction was unfavorable, possibly due to the announcement of the upcoming first quarter 2024 earnings conference call date.
• Concerns among investors regarding the company's performance leading up to the earnings release could have triggered a sell-off of the stock.
• The absence of immediate positive news or developments may have also contributed to the prevailing negative sentiment surrounding EE.

02.10.2023 - EE Stock was up 5.8%

• The bullish movement in EE's stock today could be attributed to the following factors:
• 1. Positive market sentiment: Despite the analysts' estimate of a decline in earnings, investors may have been optimistic about other aspects of the company's performance, such as potential growth opportunities or cost-cutting measures.
• 2. Market anticipation: Investors might be expecting EE to outperform the estimated decline in earnings, leading to increased buying activity and driving the stock price higher.
• 3. External factors: The overall bullish market sentiment in the energy sector or positive news related to the natural gas industry could have influenced the upward movement of EE's stock.

09.04.2024 - EE Stock was up 7.5%

• EE stock saw a significant upturn following the release of strong Q1 2024 earnings.
• Earnings per share of 24 cents surpassed the anticipated 18 cents, impressing analysts.
• Revenue of $200.10 million exceeded the expected $186.77 million, reflecting robust financial performance.
• The favorable revenue results and earnings outperformance contributed to increased investor confidence in EE, driving the uptrend in the stock price.

19.09.2023 - EE Stock was down 6.0%

• Petrobras reported a significant increase in Q3 production and record-high refinery utilization rates. This positive news for the energy sector may have diverted investor attention away from Excelerate Energy, causing a bearish movement in EE's stock.
• Excelerate Energy signed a 10-year charter agreement with Petrobras for the floating storage and regasification unit (FSRU) Sequoia. While this is a positive development for Excelerate Energy, it seems that the market sentiment did not reflect this news, leading to the bearish movement in EE's stock.
• The bearish movement in EE's stock could also be influenced by broader market factors or investor sentiment towards the energy sector as a whole.
• In summary, despite the positive news of a long-term charter agreement with Petrobras, Excelerate Energy's stock experienced a bearish movement, possibly due to market factors or a lack of immediate impact from the news.

07.02.2024 - EE Stock was up 5.1%

• EE stock displayed a bullish trend following an upgrade from a "sell" to a "hold" rating, indicating a more positive market sentiment towards the company.
• The company's reported 59% rise in net income during the 2023 earnings call is believed to have played a part in the stock's upward movement, highlighting solid financial performance.
• The upgrade and favorable earnings call likely boosted investor confidence, resulting in increased buying interest and driving up the stock price.
• Overall, the enhanced outlook for Excelerate Energy, backed by the rating upgrade and strong financial results, probably underpinned today's bullish movement in the stock.

10.10.2023 - EE Stock was up 5.1%

• The bullish movement in EE's stock today can be attributed to the following factors:
• 1. Strong Q3 2023 Results: The company reported strong financial results for the third quarter, exceeding market expectations. This positive performance likely boosted investor confidence and contributed to the bullish movement.
• 2. Long-Term LNG Sale and Purchase Agreement: Excelerate Energy signed a significant long-term LNG sale and purchase agreement with Petrobangla. This agreement indicates a promising future for the company and its ability to secure long-term revenue streams.
• 3. Raised Full Year EBITDA Forecast: EE reported an increase in its full-year EBITDA (earnings before interest, taxes, depreciation, and amortization) forecast. This upward revision suggests that the company expects improved profitability, which could have attracted investors and contributed to the bullish market movement.
• 4. Positive Energy Sector Sentiment: The overall energy sector witnessed gains today, with other energy-related stocks also experiencing bullish movements. This broader positive sentiment in the sector could have influenced the upward movement in EE's stock.
• Overall, the strong Q3 results, the long-term LNG agreement, the raised EBITDA forecast, and the positive energy sector sentiment likely contributed to the bullish movement in EE's stock today.

11.06.2024 - EE Stock was up 5.1%

• EE's announcement of the second quarter earnings conference call date has created anticipation and excitement among investors.
• The upcoming earnings release has likely sparked optimism about the company's financial performance and future prospects, leading to increased buying activity and driving the stock price higher.
• Investors are showing confidence in EE's ability to deliver strong results, reflecting positively on the stock's performance today.
• The news of the earnings conference call date has acted as a catalyst for the bullish movement in EE's stock price, indicating a positive outlook for the company in the eyes of investors.

08.07.2024 - EE Stock was up 6.1%

• Excelerate Energy's performance in Q2 2024 revealed a mixed outcome, exhibiting a shortfall in earnings per share while surpassing revenue expectations.
• Despite the lower-than-expected earnings, the company demonstrated robust net income and adjusted EBITDA figures during the quarter.
• The recent agreement for a Vietnam LNG terminal along with the announcement of a quarterly cash dividend likely attributed to the positive sentiment among investors and the upward movement of the stock.
• An optimistic future outlook and an increase in full-year guidance despite a slight decrease in revenue may have bolstered investor confidence, leading to the stock's bullish trajectory.