3 “Strong Buy” Energy Stocks – Week of 7/16

As the world continues to rely on oil and gas as major sources of energy, investors seeking opportunities in the energy sector may consider oil and gas stocks as potential investments. Despite the increasing focus on renewable energy, the demand for oil and gas remains significant, making these stocks attractive for investors looking for potential growth and profitability.

Here are three “Strong Buy” energy stocks from Wall Street –

Sunnova Energy International Inc. – SYM: NOVA
Recent Price: $21.97
Price Target: $34.63
Firms with Buy Rating: J.P. Morgan, Morgan Stanley, Barclays
Description: Sunnova Energy International Inc. provides energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services.

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Altus Power, Inc. – SYM: AMPS
Recent Price: $6.51
Price Target: $9.92
Firms with Buy Rating: Citi, Morgan Stanley, J.P. Morgan
Description: Terns Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, develops small-molecule single-agent and combination therapy candidates for the treatment of oncology, non-alcoholic steatohepatitis (NASH), and obesity. The company develops TERN-701, an allosteric BCR-ABL tyrosine kinase inhibitor (TKI) that is in clinical development for chronic myeloid leukemia (CML), a form of cancer that starts in bone marrow. It also develops TERN-501, a thyroid hormone receptor beta agonist with enhanced liver distribution and metabolic stability that is in Phase IIa clinical trial for the treatment of NASH; and TERN-601, a small-molecule Glucagon-Like Peptide-1 receptor agonist program that is intended to orally be administered for NASH and metabolic diseases, such as obesity. The company was incorporated in 2016 and is headquartered in Foster City, California.

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Bloom Energy Corporation – SYM: BE
Recent Price: $17.40
Price Target: $24.33
Firms with Buy Rating: J.P. Morgan, Morgan Stanley, Credit Suisse
Description: Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion. It serves to data centers, retailers, hospitals, farming, semiconductors, and other manufacturing sectors. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.