Pembina Pipeline Target Raised to $68 on C$4.6B AI Power Plant and 1M bpd Corridor
PBA•BMO Capital analyst Ben Pham lifted Pembina Pipeline’s price target to $68, implying 46.43% upside from $46.44, driven by the C$4.6 billion Greenlight Electricity Centre’s 932 MW gas plant powering an AI data center. The company joined a national energy corridor project to build a one-million-barrel-per-day pipeline linking Alberta to the West Coast.
1. Analyst Raises Price Target
BMO Capital analyst Ben Pham raised Pembina Pipeline’s price target from $46.44 to $68, indicating a projected 46.43% upside. The adjustment reflects strong confidence in the company’s strategic diversification and midstream growth prospects.
2. Greenlight Electricity Centre Project
Pembina approved the C$4.6 billion Greenlight Electricity Centre, a 932 MW natural gas facility in Alberta. This plant will supply power under a long-term contract to a large AI data center, marking Pembina’s expansion into technology infrastructure.
3. National Energy Corridor Agreement
Pembina joined a national energy corridor initiative to construct a one-million-barrel-per-day crude oil pipeline connecting Alberta to Canada’s West Coast. The project leverages Pembina’s transportation expertise to expand export capacity and access new global markets.
