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Sign in to unlockFair Value Distribution — percentile bands
0.6% of simulations place fair value above current price
WHAT IS PRICED IN
Revenue-Based Reverse DCF
19.5%/yr
±7.0% · revenue growth to justify current price
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Sign in to unlockAmeren is one of the cleanest utility stories: 2.2GW of data center agreements in Missouri/Illinois, regulated ROE expansion, and management guiding 6-8% EPS growth through 2028. Data center demand is front-running their IRP.
Above $100 entry target at $109. Rate cases in Illinois can be contentious (ICC has been unpredictable). Higher-for-longer rates compress regulated utility valuations. No near-term catalyst until next rate case or data center announcement.
Illinois ICC rejects rate case, data center customers cancel, Fed hikes materially above 5%
Updated Mar 12
AEE FY2025 10-K confirms thesis with conviction-raising data: EPS +21% to $5.35 (exceptional for utility), 2.2 GW data center demand agreements signed Feb 2026, $31.8B 2026-2030 capex plan, dividend r...
AEE is a $31B regulated utility with dual-state operations (MO & IL). Recent rate cases supportive. Capital program focused on grid modernization aligns with infrastructure spending macro theme. Predi...