15 Best Power Generation Stocks To Buy For Data Center Demand

11. Ameren Corporation (NYSE:AEE)

On May 5, 2026, Ameren Corporation (NYSE:AEE) reported Q1 EPS of $1.28, above the $1.18 consensus estimate, while revenue came in at $2.18B versus $2.25B expected. CEO Martin Lyons said rising energy demand continues to support the company’s infrastructure investment plans across its operating segments as Ameren works to maintain reliable and affordable service while preparing for future growth. Ameren maintained its FY26 diluted EPS outlook of $5.25-$5.45 compared to consensus estimates of $5.37.

On April 21, 2026, Wells Fargo analyst Shahriar Pourreza raised the firm’s price target on Ameren Corporation (NYSE:AEE) to $120 from $113 and maintained an Overweight rating. Following discussions with management teams across the regulated utility sector, Wells Fargo updated its Q1 estimates and increased its base valuation multiple to 17.5-times from 17-times.

Earlier, Truist analyst Richard Sunderland initiated coverage of Ameren Corporation (NYSE:AEE) with a Buy rating and a $126 price target as part of a broader launch of power and utility coverage. The firm said vertically integrated electric utilities stand to benefit from infrastructure investment tied to rising data center demand.

Ameren Corporation (NYSE:AEE) operates as a public utility holding company in the United States.