BTIG Remains Positive on Chesapeake (CPK), Citing “Best-in-Class Growth” Prospects

Chesapeake Utilities Corporation (NYSE:CPK) is one of the best high-growth utility stocks to buy. On October 22, investment bank BTIG started coverage of CPK with a Neutral rating, noting the company’s “best-in-class growth” prospects. The firm noted that Chesapeake delivered revenue growth of nearly 19% over the past year, but this achievement is already priced into the current stock valuation. This reflects modest upside.

BTIG commented on the company’s broadly structured and diversified operations over the past few years, which have cemented its standing in high-growth markets while optimizing the current portfolio.

BTIG Remains Positive on Chesapeake (CPK), Citing “Best-in-Class Growth” Prospects

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The investment firm also observed that Chesapeake’s growth potential is in the upper single digits until at least 2028, which adds to its strong market positioning compared to industry peers.

Additionally, the firm said it would require more information about potential gas transmission projects before upping its stance on the stock, but noted that CPK is a “premium utility story” that justifies the valuation multiple it is trading at currently.

Chesapeake Utilities Corporation (NYSE:CPK) was established in 1859 and is based in Dover, Delaware. It is a natural gas distribution company that has two segments: Regulated Energy and Unregulated Energy.

While we acknowledge the risk and potential of CPK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CPK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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