12 High Growth Energy Stocks to Buy Now

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6. Nordic American Tankers Limited (NYSE:NAT)

On March 23, Nordic American Tankers Limited (NYSE:NAT) highlighted exceptionally strong operating performance in a shareholder letter, noting that the first quarter of 2026 is expected to significantly exceed the prior quarter. The company disclosed multiple high-rate fixtures across key global routes, with time charter equivalent (TCE) rates reaching as high as $175,000 per day, while maintaining operating costs of approximately $9,000 per day. This substantial spread underscores the company’s strong earnings leverage in a favorable tanker market, particularly amid geopolitical disruptions that have tightened global crude transportation dynamics.

On March 17, CEO Herbjorn Hansson announced that Nordic American Tankers Limited (NYSE:NAT) had entered into an agreement to sell a 2005-built vessel for approximately $40 million, while also signaling expectations for fleet expansion in the years ahead. This transaction reflects active fleet management aimed at optimizing capital allocation, while management’s forward-looking commentary highlights confidence in sustained market strength and growth opportunities.

Nordic American Tankers Limited (NYSE:NAT) is a Bermuda-based shipping company specializing in the transportation of crude oil through its fleet of Suezmax tankers. With strong charter rates, disciplined cost structure, and proactive fleet optimization, the company is well-positioned to capitalize on favorable tanker market conditions, supporting a compelling investment case with significant upside potential.

While we acknowledge the potential of NAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NAT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 High Growth Energy Stocks to Buy Now.

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