Research
SR Closes $2.48B Piedmont Deal: Undervalued Utility With 5–7% EPS Growth Ahead?
Spire completes $2.48B buy of DUK's Tennessee gas unit, expanding into Nashville growth markets with accretive EPS potential. SR's fwd P/E at 15.8x undervalues the scale-up, though leverage bears watching; DUK uses proceeds for capex efficiency. Bullish on SR for 5-7% EPS trajectory.