Emera Raises Target to C$75 as 2025 Capital Deployment Hits CAD 3.6B
TD Securities maintained a Buy rating for Emera and raised its price target from C$74 to C$75. Emera deployed a record CAD 3.6 billion in capital in 2025, driving 8% rate base growth, CAD 3.49 EPS (+19% year-over-year) and over CAD 1 billion in adjusted net income.
1. TD Securities Maintains Buy Rating
TD Securities reaffirmed a Buy rating for Emera and lifted its price target from C$74 to C$75, reflecting confidence in the company’s growth strategy and recent performance improvements.
2. Record Capital Deployment and Earnings Growth
Emera deployed a record CAD 3.6 billion in capital during 2025, achieving approximately 8% rate base growth year-over-year. The company surpassed CAD 1 billion in adjusted net income and delivered CAD 3.49 in adjusted EPS, marking a 19% increase from 2024.
3. Trading Performance and Future Momentum
Emera’s shares slipped 1.23% on the day, trading within a US$50.51–US$51.70 range and outperforming its 52-week low of US$39.19 and high of US$52.15. With a market capitalisation of roughly US$15.26 billion and robust momentum entering 2026, the company is positioned for continued growth.