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41.0% of simulations place fair value above current price
WHAT IS PRICED IN
Revenue-Based Reverse DCF
7.4%/yr
±10.2% · revenue growth to justify current price
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Core EPS 2025=6.55, 2026E=5.90-6.20 (muted), 2027E=6.25-6.65. Rate base 47.6B to 67.9B by 2030 (5.5% CAGR). Eaton Fire: 1.1B recorded, 1B recovered, net 9M after-tax shareholder impact. Self-insurance...
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