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Stock impact report

DTE Energy (DTE) Poised for 8% Growth on Data Center Opportunities [Yahoo! Finance]

DTE Energy Company (DTE) 
Last dte energy company earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.dteenergy.com
Company Research Source: Yahoo! Finance
Energy Company (NYSE:DTE) and raised the price target to $170 from $153. The price target hike comes on the heels of the company inking a new data center deal with Google in Michigan. The company is to provide electric service and renewable energy deployment as part of the deal. DTE Energy Company (DTE) Poised for 8% Growth on Data Center Opportunities Photo by Matthew Henry on Unsplash The 1 gigawatt deal underscores the growing demand for clean energy, presenting an opportunity for DTE Energy to capitalize on data center opportunities. The company has already inked two data center deals, helping strengthen its client base. It could also ink a third deal in the second half of the year, according to the research firm. According to Jefferies, the wave of data center deals opens the door for the company to deliver a compound annual growth rate of 8% or higher through 2030. The robust growth remains well supported by a pipeline of 5 to 6 gigawatts of power, with about 2 gigawatts Show less Read more
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