Excelerate Energy Lags Peers Amid Risks Of Operating In Developing Countries: Analyst Downgrades

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 2025, despite growth opportunities mentioned at the IPO.They acknowledge that the expected FSRU delivery in 2026 will boost EBITDA, but the anticipated growth from the IPO has been slow to materialize, leaving Exceler ...