Best energy and utility stocks to own for rest of year, according to UBS

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The firm's list of its highest-conviction energy picks for the remainder of the year range from a newly touted AI play to a oilfield services leader.

UBS released a list of its highest-conviction energy picks for the remainder of the year, ranging from a newly touted AI play to an oilfield services leader. In a Thursday note, analyst Josh Silverstein listed the firm's "most compelling" buy-rated stocks to own across the energy and utilities sectors, including: Suncor Energy , Coterra Energy , SLB , NextEra Energy and First Solar . Energy and utilities sectors are faring well this year, gaining 12.5% and 8.

"FSLR's unique technology is ideally situated for two of the largest on-going structural themes: AI driven electricity demand growth and increasing U.S. protectionism," analyst Jon Windham said, noting that the company is currently tripling its U.S. manufacturing capacity. "FSLR is a differentiated technology company and deserves a higher multiple given the strong underlying demand, in our view.

 

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