Energy Services of America: Electrification Megatrend Sends Shares Higher (Upgrade)

2026-05-27 12:13:33 ET

Energy Services of America ( ESOA ) is experiencing a strong market environment underpinned by growing electricity demand across the U nited States . With growing industrial reshoring and data center developments, the power market is set to experience a significant uplift in capacity driven by $1.4 trillion in new utility investments. With a supportive market in which to operate and a tight labor environment, I believe ESOA will have the capacity to experience positive pricing dynamics for its services, bolstering margins over the coming years. Given the strong market opportunity at play, I am upgrading ESOA shares to a "Strong Buy" rating with a price target of $25/share at 9.84x eFY27 EV/EBITDA....

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