12 Best American Energy Stocks to Buy Now

5. Cheniere Energy, Inc. (NYSE:LNG)

Number of Hedge Fund Holders: 76

Cheniere Energy, Inc. (NYSE:LNG) is one of the best American energy stocks to buy now. On January 16, Scotiabank raised its price target on Cheniere Energy, Inc. (NYSE:LNG) from $257 to $266 and maintained its Outperform rating. This change comes as the firm updates its price targets for energy infrastructure companies. Scotiabank pointed to strong power demand and LNG exports as tailwinds that are supporting increased opportunities.

On January 14, Wolfe Research upgraded its rating on Cheniere Energy, Inc. (NYSE:LNG) from Peer Perform to Outperform with a price target of $220. The firm had previously downgraded the stock after Woodside’s final investment decision on its LNG project.

Wolfe Research pointed out that about 70 million tonnes per annum (mtpa), or about 10 billion cubic feet per day, of export projects saw final investment decisions being made in 2025. This is expected to lead to oversupply in the market later in the decade. Despite this, the firm noted that “the bad news seems to be out there at this point.” Wolfe Research noted that many major projects in the US have already advanced, global spreads have compressed, and Energy Transfer’s Lake Charles project has paused.

The research firm expects the negative news cycle to ease and believes that “elastic sources of global gas demand should rise with lower prices.” However, Wolfe Research noted that spreads could still go down more.

Cheniere Energy, Inc. (NYSE:LNG) is an American energy company. It is the leading producer and exporter of liquefied natural gas (LNG) in the United States.