Best energy, utility stocks to own for rest of year, according to UBS
Best energy, utility stocks to own for rest of year, according to UBS
UBS's Top Energy and Utility Stocks for the Year
UBS's Top Picks
UBS analysts have identified key energy and utility stocks poised for growth, including Suncor Energy, Coterra Energy, SLB, NextEra Energy, and First Solar.
Sector Performance
The energy and utilities sectors are outperforming the broader market this year, with gains of 12.5% and 8.9% respectively.
AI and Renewable Energy Focus
NextEra Energy and First Solar are highlighted for their roles in AI-driven electricity demand and renewable energy, with significant upside potential noted.
SLB's Promising Outlook
SLB (formerly Schlumberger) receives a strong endorsement for its potential in oilfield services, with a significant price target implying a 49.2% upside.
Market Trends and Growth Potential
The report emphasizes the growing demand for renewable energy and AI applications in utilities, positioning the selected stocks as attractive investments for the near future.
What is the price target set by UBS for NextEra Energy, and what percentage increase does it represent from the current stock price?
UBS has set a price target of $90 for NextEra Energy, which suggests shares could jump 15.1%.
What are the key sectors where UBS has highlighted its highest-conviction energy picks for the remainder of the year?
UBS has highlighted its highest-conviction energy picks for the remainder of the year in the energy and utilities sectors. Some of the key stocks mentioned in their list include Suncor Energy, Coterra Energy, SLB, NextEra Energy, and First Solar. These sectors are faring well this year, with energy gaining 12.5% and utilities advancing 8.9%, while the broader market has advanced about 9.3%.