TotalEnergies SE (TTE) Expands Power Segment Amid Rising Data Center Demand, TD Cowen Raises Price Target

TotalEnergies SE (NYSE:TTE) ranks among the best spring stocks to buy right now. On February 17, TD Cowen boosted TotalEnergies SE (NYSE:TTE) price target to $80 from $70 while keeping a Hold rating on the company’s shares. The firm highlighted the company’s growing power segment and potential development of resources in Namibia.

Analyst Jason Gabelman stated that TotalEnergies’ power sector gets value from data-center demand, with growth potential that is expected to go beyond 2030. According to the analyst, Namibia may have enough resources to sustain over two floating production holding and offloading vessels. These changes could boost free cash flow growth over the next 10 years.

TotalEnergies’ fiscal 2026 cash flow from operations forecast came in marginally below TD Cowen’s expectations. Moreover, the company clarified that it is open to both modest and major purchases to deal with its 1 billion cubic feet per day natural gas deficiency in the US.

TotalEnergies SE (NYSE:TTE) is a global multi-energy company that produces and markets oil, biofuels, natural‍ gas, renewables, and electricity.

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