Ameren Corporation (AEE) Stock Analysis
Range Bound setup
Utilities · Utilities - Regulated Electric
Sell if holding. Analyst target reached at $107.99 — A.R:R is negative (-0.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2).
Ameren is a regulated utility holding company with Ameren Missouri (electric/gas, MoPSC-regulated, ~54% of 2025 operating revenues) and Ameren Illinois (electric/gas, ICC-regulated, ~38%) plus FERC-regulated transmission (ATXI, ~8%). The company plans up to $33.1B in capital... Read more
Sell if holding. Analyst target reached at $107.99 — A.R:R is negative (-0.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: RSI 49 mid-range, Bollinger mid-band. Score 5.5/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 51d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Ameren Corporation
About Ameren Corporation
Ameren Corporation plans up to $33.1 billion in capital expenditures for 2026 through 2030, divided among Ameren Missouri ($22.2 billion), Ameren Illinois ($8.3 billion), and ATXI ($2.6 billion). Ameren Missouri electric service generated 52% of 2025 consolidated operating revenues, Illinois electric distribution 26%, Illinois natural gas delivery 11%, and electric transmission segments 8%. The MoPSC reset Ameren Missouri's electric rates in April 2025 (effective June 2025), and the ICC approved Illinois natural gas rates in November 2025.
Ameren earns regulated returns through cost-of-service rates determined by three regulators: the MoPSC for Missouri electric and natural gas service, the ICC for Illinois electric distribution and natural gas service, and FERC for electric transmission. Illinois electric distribution rates are set under a Multi-Year Rate Plan (MYRP) through at least 2027, with annual revenue reconciliation capped at 105% of the ICC-approved requirement; Illinois electric distribution revenues are decoupled from sales volumes by statute, insulating earnings from demand fluctuations. Missouri electric rates are limited by a PISA cap that restricts annual revenue requirement growth to 2.25% (reduced from 2.5%) for requirements approved by the MoPSC after August 2025. Ameren Missouri's fuel mix includes coal-fired plants (5% of Ameren's total rate base as of December 31, 2025), nuclear generation at the Callaway Energy Center (licensed through 2044), and natural gas. Approximately 96% of Ameren Missouri's coal is sourced from the Powder River Basin in Wyoming, where a limited number of suppliers creates delivery vulnerability if rail disruptions, weather events, or supplier financial difficulties occur.
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Ameren Missouri's generation transition plan targets adding 3,200 MWs of renewable generation by 2030, 2,100 MWs of combined-cycle natural gas generation by 2035, and 1,500 MWs of nuclear capacity by 2040, while retiring all coal-fired energy centers by 2042—all contingent on MoPSC CCN approvals and, for nuclear, NRC license extension for Callaway beyond 2044. In February 2026, Ameren Missouri signed electric service agreements with large load customers representing 2.2 gigawatts of new demand. If actual capital costs or regulatory disallowances exceed projections, recovery depends on PISA deferrals subject to the 2.25% annual growth cap, exposing the company to possible stranded cost risk.
See also: Utilities · Utilities - Regulated Electric
From Ameren Corporation's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-09Recent Developments — Ameren Corporation
Latest news
- NEWS This Etsy Analyst Turns Bullish; Here Are Top 3 Upgrades For Thursday — benzinga May 21, 2026 positive
- NEWS JP Morgan Upgrades Ameren to Overweight, Raises Price Target to $126 — benzinga May 21, 2026 positive
- NEWS Alphabet's Google Announces Capacity Commitment Framework With Ameren To Support Additional 500 MW Of Capacity; $15B New — benzinga May 20, 2026 positive
- NEWS Truist Securities Maintains Buy on Ameren, Lowers Price Target to $121 — benzinga May 18, 2026 neutral
- NEWS JP Morgan Maintains Neutral on Ameren, Lowers Price Target to $120 — benzinga May 14, 2026 neutral
Generated 2026-06-15T18:11:46Z.
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Frequently Asked Questions
Sell if holding. Analyst target reached at $107.99 — A.R:R is negative (-0.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: RSI 49 mid-range, Bollinger mid-band. Prior stop was $103.71. Score 5.5/10, moderate confidence.
Take-profit target: $109.15 (+1.1% upside). Prior stop was $103.71. Stop-loss: $103.71.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2); Leverage penalty (D/E 1.6): -1.0.
Ameren Corporation trades at a P/E of 19.3 (forward 18.4). TrendMatrix value score: 5.5/10. Verdict: Sell.
22 analysts cover AEE with a consensus score of 3.8/5. Average price target: $120.
What does Ameren Corporation do?Ameren is a regulated utility holding company with Ameren Missouri (electric/gas, MoPSC-regulated, ~54% of 2025...
Ameren is a regulated utility holding company with Ameren Missouri (electric/gas, MoPSC-regulated, ~54% of 2025 operating revenues) and Ameren Illinois (electric/gas, ICC-regulated, ~38%) plus FERC-regulated transmission (ATXI, ~8%). The company plans up to $33.1B in capital expenditures from 2026-2030 and generates power primarily from coal/lignite (43%), natural gas (22%), nuclear (19%), and renewables (16%).