Pembina Pipeline Lifts Price Target to $68, Approves C$4.6B 932 MW Greenlight Power Project
PBA•BMO Capital retained a Market Perform rating on Pembina Pipeline and lifted its price target to $68 after a 24.5% six-month share gain. Pembina approved a C$4.6 billion, 932 MW Greenlight Electricity Centre project under a long-term AI data-center power supply deal and raised 2026 adjusted EBITDA guidance.
1. Analyst Rating and Price Target
Pembina Pipeline's rating remained at Market Perform while its price target climbed to $68 from $65, reflecting analyst expectations of upside from current mid-$40 stock levels.
2. Share Performance and EBITDA Guidance
Shares have surged 24.5% over the past six months, driven by strong marketing and favorable market conditions, prompting management to raise 2026 adjusted EBITDA guidance.
3. Greenlight Electricity Centre Project Approval
Pembina approved the C$4.6 billion, 932 MW Greenlight Electricity Centre under a long-term power supply agreement with a hyperscale AI data center, positioning the company for future earnings growth.
