Excelerate Energy ($EE) Stock Forecast: Down 6.5% Today

What is Excelerate Energy?

Excelerate Energy (EE) is a company operating in the midstream sector, facing challenges in developing countries.

Why is Excelerate Energy going down?

EE stock is down 6.5% on Jan 7, 2025 19:38

• EE stock saw a decline after being downgraded to Underweight by an analyst.
• Worries about its operations in developing nations may have influenced investor trust.
• The projected EBITDA for 2023 showing no growth likely added to the pessimism.
• Despite the downgrade, an elevated price target suggests a careful approach regarding EE's potential.

EE Price Chart

EE Technical Analysis

EE News

Excelerate Energy Lags Peers Amid Risks Of Operating In Developing Countries: Analyst Downgrades - Excelerate Energy ( NYSE:EE )

JP Morgan analyst Jeremy Tonet downgraded Excelerate Energy, Inc EE to Underweight from Neutral, raising the price target from $22 to $31. The analyst notes that while Excelerate Energy has experienced steady growth within the midstream sector, its EBITDA is expected to remain flat from 2023 to ...

https://www.benzinga.com/25/01/42858660/excelerate-energy-downgraded-analyst-sees-company-lagging-peers-amid-risks-of-operating-in-developing-countries

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Excelerate Energy Price History

07.10.2024 - EE Stock was down 5.1%

• Despite surpassing Q3 earnings expectations, Excelerate Energy (EE) faced significant bearish momentum in its stock price.
• The market's negative response could be attributed to apprehensions about the company's future growth trajectory or guidance.
• Investors may have anticipated stronger performance, triggering profit-taking activities and contributing to the stock's decline.
• Various macroeconomic conditions or industry-specific hurdles might have influenced this downward stock movement, eclipsing the favorable earnings outcome.

07.00.2025 - EE Stock was down 6.5%

• EE stock saw a decline after being downgraded to Underweight by an analyst.
• Worries about its operations in developing nations may have influenced investor trust.
• The projected EBITDA for 2023 showing no growth likely added to the pessimism.
• Despite the downgrade, an elevated price target suggests a careful approach regarding EE's potential.

15.10.2024 - EE Stock was up 5.1%

• Excelerate Energy (EE) surpassed CEPU (Central Puerto S.A. Sponsored ADR) in the energy sector performance for this year.
• The surge in EE's stock price may stem from robust financial results or favorable market sentiment towards the energy sector.
• Optimism regarding Excelerate Energy's future potential could be encouraging increased investor interest, consequently elevating the stock price.

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.

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.

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.

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.

05.11.2024 - EE Stock was up 5.7%

• A comparison between EE and ORA hints at investors focusing on undervalued stocks in the Alternative Energy sector.
• The rise in EE's stock price may suggest that investors prefer EE over ORA as a better value option.
• This positive trend for EE could be attributed to growing investor confidence in the company's growth prospects and potential for higher returns in the Alternative Energy market.

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.