13 Best Infrastructure Stocks to Buy Right Now

In this article, we explore the 13 Best Infrastructure Stocks to Buy Right Now.

Infrastructure companies are the backbone of industrial economies. These organizations build, own, or operate the long-life assets that economic activity depends on. They can be utility providers managing electricity and water distribution, telecommunications firms building broadband and 5G networks, transportation operators maintaining roads and logistics hubs, and energy companies developing power generation and grid systems.

According to Allianz Research, many countries around the globe have massive infrastructure gaps that need closing. Their report argues that the world needs to lift infrastructure investment to about 3.5% of global GDP annually, that is about $4.2 trillion per year, over the next decade to “future‑proof” transport, social, energy, and digital systems. Over the next decade, Allianz notes, total global infrastructure needs are worth $11.5 trillion, and this is only for non-energy sectors like water and sanitation, telecom/digital, and transport.

The good news is that countries are not sitting idly as the reality Allianz describes unfolds. According to ReAnIn, lots of money is flowing into the global infrastructure sector today than ever before. The firm estimates that the worldwide infrastructure market was worth $2.9 trillion in 2025, and that it could touch $4.5 trillion by 2032. That is a 6.6% CAGR in seven years. ReAnIn points out that urbanization and demographic change are driving the demand. Other factors include supply‑chain reshoring and friendshoring that increases need for factories and logistics, and, most importantly, artificial-intelligence-driven digitalization.

Although the AI-driven demand has run into binding constraints like electricity supply and substation capacity, this aspect will continue to be a structural tailwind for infrastructure companies, says Nick Langley, Head of Real Assets at ClearBridge Investments. “We believe these [AI and data center growth] will all be in play in 2026 and beyond, and we don’t think they are being captured by markets. So infrastructure valuations look attractive to us, especially given the length and transparency in their spending and returns,” Langley told Franklin Templeton.

Against this backdrop, the following analysis identifies 13 infrastructure stocks best positioned to benefit from these secular trends.

13 Best Infrastructure Stocks to Buy Right Now

Our Methodology

We constructed an initial pool of stocks for this list by sifting through several well-known infrastructure-focused ETFs, including iShares US Infrastructure ETF (IFRA) and iShares Global Infrastructure ETF (IGF), as well as financial media and stock screeners. We then settled on the 13 best names with positive upside potential as of February 16, 2026, and significant hedge fund interest. The hedge fund data was obtained from Insider Monkey’s database of 13F filings as of Q3 2025. The list is in ascending order based on the number of hedge funds with a stake in each stock.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

Best Infrastructure Stocks to Buy Right Now

13. WEC Energy Group, Inc. (NYSE:WEC)

Number of Hedge Fund Holders: 37

Stock Upside: 4.50%

WEC Energy Group, Inc. (NYSE:WEC) is one of the best infrastructure stocks to buy right now. On February 6, Mizuho lifted its price target on WEC Energy Group, Inc. (NYSE:WEC) to $121 from $117 and maintained an Outperform rating on the stock. Mizuho said its PT raise was supported by WEC’s strong performance in Q4 2025 financial results, which the company shared the day before.

In the results, WEC Energy’s full-year 2025 earnings per share came in at $5.27, which narrowly beat Wall Street’s expected $5.25. This was an 8% increase over 2024’s adjusted earnings. For the fourth quarter, the company’s net income reached $316.6 million, or $0.97 per share, which compares to the $453.5 million, or $1.43 per share, posted in Q4 2024.

WEC Energy initiated a 2026 guidance range of $5.51-$5.61 and forecasted a 6.5%-7% EPS compound annual growth rate this year. For the longer term, the company expects a growth of 7%-8% off the midpoint. Mizuho believes that management’s confidence in future growth is a great boost for investor sentiment, which is why the firm lifted its price target on the shares.

Separately, on the same day, February 6, Scotiabank reaffirmed its Sector Outperform rating on WEC Energy Group and kept the $140 price target. The bank said that strong growth prospects driven by increasing data center demand was the key factor supporting its decision.

The analysts highlighted WEC’s remarkable track record of exceeding earnings guidance. They also noted that the company has surpassed original EPS guidance midpoints for 22 consecutive years, and expressed confidence in WEC’s guidance of 7%-8% growth.

WEC Energy Group, Inc. (NYSE:WEC) is a Milwaukee, Wisconsin-based utility holding company that provides electricity and natural gas to 4.7 million customers across the Midwest. The company operates regulated utilities and transmission networks, mainly through its WEC Infrastructure segment.

12. Sempra (NYSE:SRE)

Number of Hedge Fund Holders: 41

Stock Upside: 5.51%

Sempra (NYSE:SRE) is one of the best infrastructure stocks to buy right now. On January 26, Jefferies’ Julian Dumoulin-Smith lowered his price target on Sempra (NYSE:SRE) to $89 from $95 and kept the Hold recommendation intact. The analyst cited California risks as the reason for the price target reduction.

The adjustment stems from new legal challenges facing SoCalGas, a Sempra unit, over its response to the Eaton fire. This challenge, said Dumoulin-Smith, heightens overall operational uncertainties for the company.

The analyst observed that investors previously saw Sempra’s California operations as less exposed to wildfires than competitors, but this perception is now shifting due to this case. As a result, the analyst also trimmed projections to account for changes in California’s capital cost assumptions and outcomes from the track two regulatory process.

In a separate update, on January 22, BMO Capital analyst James Thalacker cut the price target on Sempra (NYSE:SRE) to $100 from $103 and reaffirmed an Outperform rating. Thalacker labeled the stock’s recent plunge an overreaction to Southern California Edison’s lawsuit accusing SoCalGas of mishandling the Eaton fire.

According to the analyst, he took into account initial fire damage projections and the fact that over 12 defendants face similar claims. As such, Thalacker adjusted downward his projections for Sempra’s California utility segment. He also predicted investor skepticism would linger until Sempra files its defense in the litigation.

Sempra (NYSE:SRE) is a San Diego, California-based energy infrastructure company. It provides electricity and natural gas to nearly 40 million consumers across North America. It operates one of the largest energy networks in the region, with assets spanning transmission, distribution, and storage systems.

11. Exelon Corporation (NASDAQ:EXC)

Number of Hedge Fund Holders: 41

Stock Upside: 3.14%

Exelon Corporation (NASDAQ:EXC) is one of the best infrastructure stocks to buy right now. On February 13, PJM Interconnection’s Board of Directors approved a proposed 220-mile, 765-kV high-voltage transmission line project jointly developed by Exelon Corporation (NASDAQ:EXC) and NextEra Energy Transmission, a subsidiary of NextEra Energy Inc. (NYSE:NEE).

The project connects substations to serve customers in West Virginia, Pennsylvania, and the Mid-Atlantic region. It was selected under PJM’s Regional Transmission Expansion Plan (RTEP) for addressing regional reliability needs beyond local solutions. PJM recommended the line in its 2025 RTEP, with final approval in early 2026.

In a different update, on February 12, Exelon reported stronger-than-expected Q4 2025 adjusted operating EPS, which came in at $0.59, beating analyst consensus estimates of $0.57. However, this EPS was down 7.8% year over year due to higher taxes, contracting costs, depreciation, and interest expenses, noted management.

Quarterly revenues reached $5.41 billion, which is below the $5.51-$5.54 billion range that Wall Street expected. The revenue was also down 1.1% year over year. Operating expenses fell 3.3% to $4.23 billion, which management noted that it boosted operating income 8% to $1.19 billion.

Management issued 2026 adjusted EPS guidance of $2.81-$2.91, which puts the midpoint above $2.83 consensus. The executives added that they plan to call for $41.3 billion in energy infrastructure capex over 2026-2029 to drive 7.9% rate base growth.

Exelon Corporation (NASDAQ:EXC) is a Chicago, Illinois-based utility holding company. It delivers electricity and natural gas to more than 10 million customers across the Mid-Atlantic, Midwest, and Northeast regions of the United States. The company operates regulated utilities including ComEd, PECO, BGE, and others, managing extensive transmission and distribution networks.

10. Digital Realty Trust, Inc. (NYSE:DLR)

Number of Hedge Fund Holders: 43

Stock Upside: 7.75%

Digital Realty Trust, Inc. (NYSE:DLR) is one of the best infrastructure stocks to buy right now. On February 6, 2026, TD Cowen raised its price target on Digital Realty (NYSE:DLR) to $185 from $179 while keeping a Hold rating. The firm cited strong Q4 results and the potential for better renewal spreads through 2026, which could lift Core‑FFO/share growth.

On the same day, February 6, 2026, Citi lowered its price target on Digital Realty to $190 from $212 but maintained a Buy rating. Citi said Q4 results showed progress with bookings and funding, but adjusted the target to reflect lower valuation multiples.

Digital Realty reported its Q4 and full‑year 2025 results on February 5, 2026. EPS came in at $0.24, missing analyst estimates of $0.29 by about 17%, while revenue beat expectations at $1.63 billion versus the forecast of $1.58 billion.

The company booked $400 million in Q4, bringing full‑year bookings to $1.2 billion. Same‑capital cash NOI grew 4.5% year‑over‑year, and liquidity stood at $7 billion at year‑end. Digital Realty now operates over 300 data centers across 55+ metro areas, with 3 gigawatts of IT capacity in place and 769 megawatts under construction.

CEO Andy Power highlighted AI adoption as a major driver, noting power availability as a key constraint. In 2025, Digital Realty expanded into Indonesia and Malaysia, launched its Private AI Exchange (AIPx), and raised $3.2 billion in its first private capital fund. The company also reported over $15 billion of capital available for hyperscale development, with more than 5 gigawatts of future capacity planned.

Digital Realty Trust, Inc. (NYSE:DLR) is an Austin, Texas-based real estate investment trust that owns, operates, and invests in carrier-neutral data centers worldwide. The company provides colocation, interconnection, and cloud infrastructure services to more than 5,000 customers across industries.

9. Xcel Energy Inc. (NASDAQ:XEL)

Number of Hedge Fund Holders: 49

Stock Upside: 10.31%

Xcel Energy Inc. (NASDAQ:XEL) is one of the best infrastructure stocks to buy right now. On February 13, UBS upgraded Xcel Energy Inc. (NASDAQ:XEL) from Neutral to Buy and increased its price target to $89 from $81. Analyst William Appicelli made the upgrade.

Appicelli noted that Xcel has a steady 9% earnings-per-share expansion, backed by full regulatory oversight, plus rising data center electricity needs that remain underappreciated in the current valuation. The analyst also highlighted Xcel’s recent hike in expected data center load to 4 gigawatts from 2 gigawatts. Further upside came from transmission work in the SPP market, and Colorado plans adding 2.1 gigawatts, said Appicelli.

As a result, UBS baked in a 7% premium to the sector average for its model. The firm is also eyeing two turns of P/E multiple gains, and dismissed Texas Smokehouse fire resolution costs as under $100 million.

Independent of the analyst action, Xcel shared Q4 2025 results on February 5, in which ongoing EPS was $0.96 per share. This figure fell at the lower end of Wall Street’s estimated range, and was up 18.5% year over year.

According to the earnings report, quarterly revenue hit $3.56 billion, which narrowly missed the $3.64-$3.77 billion forecast. Nonetheless, the revenue jumped 14.1% year over year. Management attributed the growth to a 14.2% increase in electric and natural gas sales.

The company reaffirmed FY2026 ongoing EPS of $4.04-$4.16 and a long-term 6-8+% annual growth through 2030 via $60 billion capex.

Xcel Energy Inc. (NASDAQ:XEL) is a regulated utility company. It provides electricity and natural gas to 3.7 million electric customers and 2.1 million natural gas customers across eight states.

8. American Water Works Company, Inc. (NYSE:AWK)

Number of Hedge Fund Holders: 53

Stock Upside: 5.24%

American Water Works Company, Inc. (NYSE:AWK) is one of the best infrastructure stocks to buy right now. On February 10, shareholders of American Water Works Company, Inc. (NYSE:AWK) and Essential Utilities Inc. (NYSE:WTRG) approved merger-related proposals at special meetings held that day.

According to American Water, at least 99% of its shares present voted to approve share issuance for the merger. Nearly 95% of Essential Utilities shares voted in favor of the merger agreement.

The all-stock, tax-free merger, announced October 26, 2025, combines the two largest US regulated water and wastewater utilities into one serving over 4.7 million connections across 17 states. The combined company will retain the American Water name and will be headquartered in Camden, New Jersey. Closing is expected by the end of Q1 2027, subject to Hart-Scott-Rodino antitrust clearance, public utility commission approvals in multiple states, including Pennsylvania and New Jersey, and other conditions.

Separately, on January 12, 2026, BofA Securities lifted American Water stock from Underperform to Neutral and boosted its price target to $139 from $117. BofA highlighted the stock’s depressed pricing versus electric and gas counterparts, where its earnings multiple edge has narrowed from above 140% historically to below 25% currently.

The firm anticipated the ongoing merger would counter issues tied to customer bill burdens and the durability of EPS expansion outlook. BofA contended that American Water’s extended 50-to-100-year pipeline upgrades deserve a valuation lift over electric utilities, which share roughly 9% EPS trajectories but hinge on accelerated construction for data center clients.

American Water Works Company, Inc. (NYSE:AWK) is a regulated water utility that provides drinking water and wastewater services to approximately 14 million people in 24 states. The company operates pipeline infrastructure totaling more than 54,500 miles, serving around 1,700 communities.

7. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 56

Stock Upside: 6.77%

Crown Castle Inc. (NYSE:CCI) is one of the best infrastructure stocks to buy right now. On February 9, Citizens analyst Greg Miller reaffirmed a Market Outperform rating and $125 price target on Crown Castle Inc. (NYSE:CCI) following Q4 2025 results.

Miller attributed quarterly headwinds to ongoing disputes with former DISH Network clients after tower agreement terminations. He noted DISH as a recent top growth driver, now contributing about 5% of site rental income. The analyst added that stripping out DISH and Sprint effects, revenue rose 3.5%, and that this trails the firm’s long-term benchmarks.

​Miller anticipated leasing momentum to lift expansion ahead, and observed that “the growth days of the towers are now behind.” He framed Crown Castle as a low-volatility counterbalance to data center exposure in digital infrastructure portfolios.

Separately, on February 6, BMO Capital analyst Ari Klein reduced the price target on Crown Castle to $91 from $97 while upholding an Outperform rating. Klein deemed Crown Castle’s FY2026 forecast underwhelming, which he noted was driven by heavier-than-anticipated fallout from DISH Network.

According to Klein, DISH’s exit hampered organic growth projections. Also, leasing volumes face a modest dip, excluding DISH. Crown Castle considers roughly 3% organic growth, including Sprint churn, as its minimum, but BMO expects limited near-term gains. As a result, Klein projected initial share weakness on the outlook yet viewed it as clearing hurdles. He added that Crown Castle is primed to gain most from any DISH accord amid timing unknowns.

Crown Castle Inc. (NYSE:CCI) is a real estate investment company. It provides shared communications infrastructure across the United States where it owns and operates approximately 40,000 cell towers and 85,000 route miles of fiber.

6. Entergy Corporation (NYSE:ETR)

Number of Hedge Fund Holders: 56

Stock Upside: 2.79%

Entergy Corporation (NYSE:ETR) is one of the best infrastructure stocks to buy right now. On February 12, Entergy Corporation (NYSE:ETR) shared its Q4 2025 earnings. Quarterly EPS came in at $0.51, 5.6% below the Street’s consensus. Meanwhile, earnings reached $236 million, down from $286 million in Q4 2024.

For the full year, adjusted EPS reached $3.91, up 7% year over year. Full-year adjusted earnings were $1.76 billion, which management said were boosted by regulatory actions, higher retail sales volumes (including weather), other income gains, returns on construction work-in-progress, and lower nuclear refueling outages.

On a full-year basis, utility business earnings attributable to Entergy totaled $2.28 billion, or $5.06 per share. The revenue was offset by higher interest expense, O&M, depreciation, and non-income taxes. On the contrary, the Parent & Other segment posted a $521 million loss, or $1.16 per share. Nonetheless, this was an improvement from the prior year, said management, due to resolved legacy contracts and other adjustments.

During the year, the company secured approvals for major projects like Jefferson Power Station (Arkansas), West Bank 500 kV transmission (Louisiana), Cypress-Legend 500 kV (Texas), and Google’s special contract. It also filed for more, including Cottonwood acquisition and solar/battery builds. The company was also ranked top utility for economic development for the 18th year running and earned the EEI award for volunteerism.

​Against the backdrop, the executives guided adjusted EPS to range from $4.25 to $4.45, which is a 9-14% growth midpoint.

Entergy Corporation (NYSE:ETR) is a New Orleans, Louisiana-based utility company. It generates and distributes electricity to 3 million customers across Arkansas, Louisiana, Mississippi, and Texas. The company operates a diverse fleet of power plants, including nuclear, natural gas, coal, and renewable facilities.

5. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 58

Stock Upside: 5.10%

Equinix, Inc. (NASDAQ:EQIX) is one of the best infrastructure stocks to buy right now. On February 12, TD Cowen analyst Michael Elias increased the price target on Equinix, Inc. (NASDAQ:EQIX) to $1,123 from $995 and held a Buy rating.

Elias foresaw revenue acceleration in 2026 and 2027, should booking trends endure. He stated that this could lift adjusted funds from operations per share toward the top of Equinix’s 2025 Investor Day range. Elias noted further that Equinix’s growth potential is supported by its focus on OpEx/capex management. As such, TD Cowen named Equinix its top selection among covered REITs.

Meanwhile, on the same day, February 12, Stifel increased its price target on Equinix to $1,075 from $1,020 and reaffirmed a Buy rating. The firm emphasized Equinix’s 2026 projections surpassing Wall Street views, including 9%-10% year over year revenue expansion, EBITDA margins holding at 51%, and adjusted funds from operations per share climbing 8%-10%. This is a clear upgrade from the prior year’s roughly 5%+ trajectory, noted Stifel.

Analysts at Stifel attributed Equinix’s outlook to persistent operating leverage and enhanced pricing leverage amid surging demand. The firm believes Equinix is well-positioned to benefit from sustained momentum as it continues to drive improved conversion rates (49% in Q4) of its growing pipeline and faster sales cycles. These dynamics, it believes, are key to unlocking further bookings growth following the record $474 million in Q4.

Equinix, Inc. (NASDAQ:EQIX) is a Redwood City, California-based real estate investment company that specializes in global data center and interconnection services. The company operates more than 250 International Business Exchange data centers across 70+ metropolitan areas worldwide. It provides colocation, cloud connectivity, and digital infrastructure solutions to enterprises and service providers.

4. The Southern Company (NYSE:SO)

Number of Hedge Fund Holders: 58

Stock Upside: 3.21%

The Southern Company (NYSE:SO) is one of the best infrastructure stocks to buy right now. On January 28, The Southern Company (NYSE:SO) declared a quarterly dividend of $0.74 per share on its common stock. Payment is scheduled for March 6, this year, to shareholders of record on February 17.

This announcement continues 78 consecutive years of quarterly dividends equal to or greater than the prior quarter. The 74 cents-per-share payment was first declared in April 2025, marking the 24th consecutive annual increase. At the time, CEO Christopher Womack cited employee dedication and predictable growth from state-regulated utilities and long-term contracts as the main reason for the increase.

In a different update, on January 20, Wells Fargo analyst Shahriar Pourreza downgraded Southern’s shares from Equal Weight to Underweight and slashed the price target to $84 from $97.

Pourreza tied the shift to heightened political volatility in Georgia, following November elections that saw Democrats take two Republican-held seats on the state Public Service Commission. He insisted the decision is not a reflection of management’s ability to execute, and described the leadership as one of the best in the industry.

Pourreza recognized Southern’s robust and diverse load growth pipeline in the South East (primarily in Georgia), which is driven by DC’s and industrial manufacturing. That said, Pourreza cautioned that the 2026 election cycle stands to generate more noise and uncertainty for the regulatory construct in Georgia.

The Southern Company (NYSE:SO) is an Atlanta, Georgia-based energy utility that provides electricity to 9 million customers through its subsidiaries across the Southeast. The company operates a diverse portfolio of generation assets, including natural gas, coal, nuclear, and renewable facilities.

3. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 62

Stock Upside: 6.08%

Duke Energy Corporation (NYSE:DUK) is one of the best infrastructure stocks to buy right now. On February 11, Goldman Sachs lifted its price target on Duke Energy Corporation (NYSE:DUK) to $142 from $141 while retaining a Buy rating.

​Goldman focused on Duke’s updated five-year capital investment blueprint totaling $103 billion. The blueprint is a jump from the prior $87 billion forecast, and, according to Duke, it is set to drive 9.6% compound annual rate base expansion through 2030.

The bank noted that Duke’s management reiterated EPS growth guidance of 5%-7% annually through 2030. They expect the acceleration toward the top half beginning in 2028, fueled by data center contributions. Goldman viewed this outlook as conservative and projected closer to 8% average EPS advancement over the horizon. This growth, said the bank, will be bolstered by potential for stronger-than-expected electricity demand growth.

On the same day, that is February 11, BTIG analyst Alex Kania reaffirmed a Buy rating and $141 price target on Duke. Kania pointed to Duke’s Q4 adjusted EPS of $1.50 that nearly matched BTIG and consensus estimates of $1.49. This performance underscores Duke’s reliable history of hitting targets and delivering on strategy, stated Kania.

Kania also praised Duke’s expansions to its generation assets and Energy Supply Agreement backlog, paired with a “de-risked approach” to data center development plans. Although he flagged the updated financing strategy, doubling equity issuances, as “an area worth monitoring,” Kania upheld optimism on overall execution.

Duke Energy Corporation (NYSE:DUK) is a Charlotte, North Carolina-based electric power holding company. It operates a diverse portfolio of generation assets, including nuclear, coal, natural gas, hydro, solar, and battery storage.

2. The Williams Companies, Inc. (NYSE:WMB)

Number of Hedge Fund Holders: 73

Stock Upside: 7.91%

The Williams Companies, Inc. (NYSE:WMB) is one of the best infrastructure stocks to buy right now. On February 11, Wells Fargo analyst Praneeth Satish raised the price target on The Williams Companies, Inc. (NYSE:WMB) to $80 from $71 and maintained an Overweight rating.

Satish commended Williams’ Analyst Day presentation, in which the company projected over 10% five-year EBITDA compound annual growth from 2025 to 2030. The company said roughly 8% is “locked in” through final investment decision projects alongside modest gathering and processing expansion.

Williams announced during the presentation that it won approval on “Socrates The Younger” power initiative and site extensions. This boosted the power backlog to 6 gigawatts from an implied 5 gigawatts and lengthened two contracts to 12.5 years from 10. The company also detailed that it carries $12 billion in active construction contracts and a $37 billion opportunity pipeline. It also holds roughly 10 gigawatts in equipment orders for an extra $14 billion shadow-shadow backlog. In this light, Wells Fargo forecasted a 12% EBITDA CAGR across seven years, which surpassed the Williams guide.

Independent of the analyst action, on February 6, Reuters revealed that Williams is exploring the acquisition of US natural gas production assets. The move aims to secure natural gas supplies for its one-stop energy services to hyperscalers and AI data center developers, Reuters said in an exclusive report.

If successful, this will position Williams as a single partner over multiple suppliers. The company spent the past year building AI energy leadership, adding power generation to its pipeline business amid data center power demands, Reuters reported.

The Williams Companies, Inc. (NYSE:WMB) is an energy infrastructure company. It owns and operates one of the largest natural gas pipeline systems in the United States. The company’s assets also include gathering, processing, and storage facilities.

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

Number of Hedge Fund Holders: 76

Stock Upside: 21.61%

Cheniere Energy, Inc. (NYSE:LNG) is one of the best infrastructure stocks to buy right now. On January 27, Cheniere Energy, Inc. (NYSE:LNG) declared a $0.555 per common share quarterly cash dividend. The dividend is payable February 27 this year to shareholders of record as of close of business February 6.

Separately, on January 14, 2026, Wolfe Research upgraded Cheniere Energy to Outperform from Peer Perform and set a price target of $220. The firm had previously downgraded the stock in April 2025 after competitor Woodside moved forward with its LNG project despite limited contracts.

Wolfe noted that about 70 mtpa (10 bcf/d) of export project decisions were made in 2025, which could create oversupply later this decade. However, it believes most of the negative news is already priced in, as major U.S. projects have advanced and Energy Transfer’s Lake Charles project has been suspended.

The firm expects the market cycle to improve, with global gas demand rising as prices fall, though spreads may still move lower. Overall, Wolfe sees Cheniere as well‑positioned despite near‑term challenges.

Cheniere Energy, Inc. (NYSE:LNG) is a Houston, Texas-based energy infrastructure company. It is the largest producer of liquefied natural gas (LNG) in the United States. The company develops, owns, and operates LNG terminals and pipelines that enable the liquefaction, storage, and global shipment of natural gas.

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