Excelerate Energy ($EE) Stock Forecast: Up 5.7% Today

What is Excelerate Energy?

EE is a company in the Alternative Energy sector. Today, the stock saw a strong bullish movement.

Why is Excelerate Energy going up?

EE stock is up 5.7% on Dec 5, 2024 18:36

• 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.

EE Price Chart

EE Technical Analysis

EE News

EE vs. ORA: Which Stock Is the Better Value Option?

Investors with an interest in Alternative Energy - Other stocks have likely encountered both Excelerate Energy ( EE Quick QuoteEE - ) and Ormat Technologies ( ORA Quick QuoteORA - ) . But which of these two companies is the best option for those looking for undervalued stocks?

https://www.zacks.com/stock/news/2379736/ee-vs-ora-which-stock-is-the-better-value-option

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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.

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.

10.10.2023 - EE Stock was up 5.1%

• The bullish movement in EE's stock today can be attributed to the following factors:
• 1. Strong Q3 2023 Results: The company reported strong financial results for the third quarter, exceeding market expectations. This positive performance likely boosted investor confidence and contributed to the bullish movement.
• 2. Long-Term LNG Sale and Purchase Agreement: Excelerate Energy signed a significant long-term LNG sale and purchase agreement with Petrobangla. This agreement indicates a promising future for the company and its ability to secure long-term revenue streams.
• 3. Raised Full Year EBITDA Forecast: EE reported an increase in its full-year EBITDA (earnings before interest, taxes, depreciation, and amortization) forecast. This upward revision suggests that the company expects improved profitability, which could have attracted investors and contributed to the bullish market movement.
• 4. Positive Energy Sector Sentiment: The overall energy sector witnessed gains today, with other energy-related stocks also experiencing bullish movements. This broader positive sentiment in the sector could have influenced the upward movement in EE's stock.
• Overall, the strong Q3 results, the long-term LNG agreement, the raised EBITDA forecast, and the positive energy sector sentiment likely contributed to the bullish movement in EE's stock today.

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.