Ameren Corporation

(New York Stock Exchange)
Back to all articles
Slightly Bullish +15

Ameren stock gets a USD 104 target as 2026 guidance holds

Guidance raised Price target change AI-generated analysis

📉 Ameren stock traded at $99.87 on October 5, 2026, with a daily change of -0.07% despite an earnings beat.

💰 Scotiabank set a $104 price target and maintained a Sector Perform rating in a note dated October 1, 2026.

📈 Q2 2026 diluted EPS reached $1.13, beating the consensus estimate of $1.08 per share.

📉 Quarterly revenue fell 5.8% year over year to $2.09 billion, indicating weaker top-line momentum.

🔮 Analyst I. Rapp forecasts fiscal 2026 EPS of $5.38 against a consensus estimate of $5.40.

🎯 Ameren's fiscal 2026 guidance range is set between $5.25 and $5.45 per diluted share.

🤝 MarketBeat reports a Moderate Buy consensus from 14 analysts with an average target of $118.08.

⚡ The company plans to add 2,100 megawatts of combined-cycle natural gas generation by 2031.

🔋 Ameren aims to install 2,400 megawatts of battery storage capacity by the year 2030.

📜 The integrated resource plan targets securing 2.8 gigawatts of signed large-load demand by 2030.

💵 Ameren's market capitalization stands at $27.6 billion as of October 5, 2026.

📊 The stock's 52-week range spans from a low of $96.57 to a high of $118.32.

Bullish Signals
  • Ameren beat Q2 2026 diluted EPS expectations, delivering $1.13 per share against a consensus forecast of $1.08.
  • The broader analyst consensus rates the stock as a Moderate Buy with an average price target of $118.08, which is 18.2% above the current trading price.
  • Scotiabank maintains a Sector Perform rating and set a specific $104 price target for the company.
Risk Factors
  • Ameren's quarterly revenue declined 5.8% year over year to $2.09 billion, signaling weaker top-line momentum despite an earnings beat.
  • Analyst I. Rapp forecasts fiscal 2026 EPS of $5.38, which is slightly below the full-year consensus estimate of $5.40.
Full Analysis
Ameren Corporation (AEE) shares traded at $99.87 on October 5, 2026, following a Scotiabank analyst note that set a $104 price target and maintained a Sector Perform rating. While the company beat Q2 2026 diluted EPS expectations of $1.13 versus a consensus of $1.08, quarterly revenue declined 5.8% year over year to $2.09 billion, highlighting a divergence between earnings performance and top-line momentum. Scotiabank analyst I. Rapp forecasts fiscal 2026 EPS of $5.38, which sits slightly below the full-year consensus estimate of $5.40 but aligns with Ameren's own guidance range of $5.25 to $5.45 per diluted share. The market consensus remains more constructive, with 14 analysts averaging a Moderate Buy rating and an average price target of $118.08, representing an 18.2% premium to the current trading price. Strategically, Ameren is pursuing significant infrastructure expansion through its integrated resource plan, which targets 2,100 megawatts of combined-cycle natural gas generation by 2031 and 2,400 megawatts of battery storage by 2030. The utility aims to secure 2.8 gigawatts of signed large-load demand by 2030, though the recent revenue decline suggests that capital deployment does not automatically translate into immediate sales growth. Ameren currently holds a market capitalization of $27.6 billion with a 52-week trading range between $96.57 and $118.32. The company operates within the Utilities/Power Generation sector, balancing regulatory approvals and construction execution risks against its long-term roadmap covering natural gas, solar, wind, nuclear, and storage resources.