Q2 2024 Summary
Published Jan 4, 2025, 1:15 AM UTCInitial Price$73.83April 1, 2024
Final Price$70.75July 1, 2024
Price Change$-3.08
% Change-4.17%
- Strong Industrial Sales Growth: Ameren anticipates significant industrial sales growth, driven by a 250-megawatt data center project in Missouri, which represents approximately a 40% increase in industrial megawatt-hour sales and a 5% increase in total Missouri retail sales upon completion and full ramp-up.
- Constructive Regulatory Environment: Positive regulatory developments in Missouri and Illinois, including supportive decisions from the Missouri Public Service Commission and the Illinois Commerce Commission, are enabling Ameren to proceed with key infrastructure projects and investments in grid modernization and the clean energy transition.
- Management Confidence in EPS Growth: Ameren's management is confident in delivering earnings at or above the midpoint of their 6% to 8% EPS growth guidance, citing tailwinds such as moderating inflation and interest rates, improving demand outlook, and significant investment opportunities in transmission and generation.
- There is uncertainty in the Illinois regulatory environment regarding infrastructure investments, as management noted potential policy shifts and challenges.
- Future demand projections are uncertain, with management indicating it is premature to provide updated load forecasts, which could impact growth plans.
- Energy efficiency measures may be offsetting sales growth, as despite increases in industrial sales, EMEA-adjusted growth remains flat. ,