Article

Piper Sandler upgraded Liberty Energy Inc. from Neutral to Overweight, raising its price target from $17.00 to $32.00, as the company secured agreements for up to 1.3 gigawatts of capacity and increased its capacity target to 3GW by 2029. The upgrade follows a significant earnings surprise for Q4 2025, where Liberty reported earnings per share of $0.05, exceeding expectations, and revenues of $1.040 billion, surpassing analyst forecasts.