5 High Growth Energy Stocks to Buy Now

In this article, we will discuss the 5 High Growth Energy Stocks to Buy Now. For deeper discussion and analysis, read 12 High Growth Energy Stocks to Buy Now.

5. North American Construction Group Ltd. (NYSE:NOA)

On March 13, Canaccord upgraded North American Construction Group Ltd. (NYSE:NOA) to Buy from Hold with an unchanged price target of C$20, citing a compelling valuation following a 27% post-earnings decline. The firm believes the selloff has created a “deep value” opportunity, with long-term EBITDA forecasts for 2026 and 2027 largely intact. While acknowledging risks associated with the Fargo infrastructure project, the analyst views these challenges as manageable and expects patient investors to benefit from a recovery in fundamentals.

A day earlier, BMO Capital downgraded North American Construction Group Ltd. (NYSE:NOA) to Market Perform from Outperform with a reduced price target of C$23, following softer fourth-quarter results driven by cost overruns related to the Fargo-Moorhead project. The firm does not anticipate a meaningful earnings acceleration until the second half of 2026, suggesting a near-term period of consolidation as the company works to rebuild investor confidence.

North American Construction Group Ltd. (NYSE:NOA) is a leading provider of heavy civil construction and mining services, headquartered in Acheson, Canada. With a large equipment fleet and strong positioning in resource-driven infrastructure projects, the company stands to benefit from long-term demand for mining and energy-related development. Given the recent valuation reset and stable long-term outlook, the stock presents an attractive opportunity for investors willing to look beyond near-term execution challenges.