11 Most Profitable Renewable Energy Stocks Right Now

8. OGE Energy Corp. (NYSE:OGE)

Net Profit Margin TTM: 14.4%

OGE Energy Corp. (NYSE:OGE) received a favorable analyst revision on April 27 when Wells Fargo upgraded the shares to Equal Weight from Underweight and raised its price target to $47 from $42. The firm stated that the investment narrative has shifted from a “premium without proof” to a “premium with visible milestones,” citing expectations for firmer capital expenditure plans in the second-quarter update, a potential liquefied natural gas load tariff filing, and a more constructive regulatory and political backdrop in Oklahoma alongside reduced Street expectations.

On April 20, Barclays analyst Nicholas Campanella increased the price target on OGE Energy Corp. (NYSE:OGE) to $51 from $49 while maintaining an Overweight rating. The adjustment was made as part of a broader first-quarter preview across the power and utilities sector, reflecting continued constructive sentiment toward the company’s regulated earnings profile.

OGE Energy Corp. (NYSE:OGE) is a regulated electric utility holding company engaged in the generation, transmission, distribution, and sale of electricity to residential, commercial, and industrial customers. The company operates renewable assets, including the Centennial, OU Spirit, and Crossroads wind farms, along with multiple solar facilities. OGE Energy is headquartered in Oklahoma City, Oklahoma, and traces its origins to 1902 as Oklahoma Gas and Electric Company.

Multiple analyst upgrades and higher price targets indicate improving confidence in OGE’s regulatory outlook and capital deployment trajectory. With visible infrastructure milestones and growing renewable assets, the company appears well-positioned to deliver steady earnings growth with defensive utility characteristics.