How to invest in the US energy sector? Mizuho's top picks for these stocks

Zhitong
2024.07.04 06:56
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US oil and gas giant Chevron, pipeline operator Energy Transfer, solar technology company Nextracker, and utility company Edison International are Mizuho Americas' top picks in the energy sector, receiving an "outperform" rating. Mizuho has a target price of $205 for Chevron, $20 for Energy Transfer, $59 for Nextracker, and $85 for Edison International. The bank believes that Energy Transfer's impact on the data center/artificial intelligence theme is underestimated, Nextracker will benefit from the growth in solar demand, and Edison International is expected to achieve earnings per share growth