BUZZ-Jefferies says investor confidence in utilities shaken after DeepSeek emergence
** Jefferies says after shares of power companies were down almost 20% on Monday, hurt by emergence of low-cost Chinese artificial intelligence model DeepSeek, investor confidence is shaken
** Brokerage adds that post tech selloff, it sees merit from integrated utilities over transmission and distribution utilities
** Expects positive developments from Exelon EXC.O, Southern Co SO.N, PPL PPL.N and pipelines of data centers to be under even greater scrutiny for each company
** "How companies are updating and refreshing the data center pipeline (given the new DeepSeek uncertainty) vs containing stale data will provide insights into the confidence across the board," brokerage says
Brokerage changes PT on the following firms:
Company | New PT | Old PT | Upside/downside to stock's last close |
Avista AVA.N | $39 | $40 | 5.8% |
Eversource Energy ES.N | $47 | $52 | 19.3% downside |
Idacorp IDA.N | $118 | $129 | 5% downside |
ONE Gas OGS.N | $76 | $79 | 7.6% |
Pinnacle West PNW.N | $104 | $106 | 18.8% |
Portland General Electric POR.N | $42 | $47 | 1% downside |
Related Articles
Decoding Wall Street’s Q2 2025 Playbook
TradingKey - In Q2 2025, the S&P 500 achieved an 11% increase, reaching an all-time high, signaling a robust bull market. However, this rally was highly concentrated, driven primarily by a small group of technology stocks, while other sectors experienced limited growth or declines.
Spotting Signals for the Next Crypto Bull Run: Will Bitcoin Asia 2025 Deliver?
TradingKey - Markets were caught off guard last week when Fed Chair Jerome Powell struck a surprisingly dovish tone at Jackson Hole.
CrowdStrike 2025Q2 Earnings Preview: Well-Positioned for AI Innovations
TradingKey - CrowdStrike will release its earnings for the second quarter of the fiscal 2025 on August 27th after the bell.Overall, CRWD stock has been outperforming the broad market by being up 20% since the beginning of the year, however after July it has been in a constant decline.
What to Watch in Nvidia’s Q2 FY2026 Earnings: AI Growth, Margins, and Market Impact
TradingKey - NVIDIA Corporation (NASDAQ: NVDA) will report its Q2 FY2026 earnings on Wednesday, August 27, 2025, after the U.S. market closes. The earnings call is scheduled for 5:00 p.m. Eastern Time. With Nvidia being a bellwether in AI, gaming, and data center markets, and carrying significant...
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
