Entergy signed a memorandum of understanding with Mitsubishi Heavy Industries to advance gas turbine carbon capture and storage projects, targeting a 50% cost reduction. The stock trades at $115.41 with a 22.96% year-to-date return, and the most followed narrative pegs fair value at $121.88, suggesting 5.3% upside. But the P/E ratio sits at 29.6x versus 22.4x for the US electric utilities industry, meaning investors are paying a premium for the CCS growth story. The $40 billion capital plan over four years includes renewables, grid modernization, and resilience upgrades. Risks include heavy capital needs and Gulf South weather exposure. For anyone tracking carbon capture as a real decarbonization play, the question is whether the current price already reflects the Mitsubishi roadmap or leaves room for patience.
