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.
4. NOV Inc. (NYSE:NOV)
On March 25, NOV Inc. (NYSE:NOV) announced plans to invest $200 million to significantly expand capacity at its subsea flexible pipe manufacturing facility in Acu, Brazil, effectively doubling output over the next several years. Management cited sustained long-term demand driven by deepwater developments and an anticipated replacement cycle for aging infrastructure, with current capacity already operating near full utilization and backlog extending into 2028. This expansion positions NOV to capture increasing offshore activity and reinforces its role as a critical supplier in the global energy value chain.
Earlier, on March 4, Goldman Sachs raised its price target on NOV Inc. (NYSE:NOV) to $20 from $17 while maintaining a Sell rating, noting that while geopolitical risks may introduce near-term volatility, underlying industry fundamentals remain supportive. The firm highlighted that structural drivers, including the need to offset production declines and expand capacity, are likely to sustain customer investment levels over the long term.
NOV Inc. (NYSE:NOV) is a global provider of equipment, technology, and services to the oil and gas industry, with a history spanning over a century. Headquartered in Houston, Texas, the company plays a vital role in supporting drilling and production operations worldwide. With increasing offshore investment and strong backlog visibility, NOV is well-positioned to benefit from a multi-year upcycle, supporting a favorable investment outlook with meaningful upside potential.
3. ProPetro Holding Corp. (NYSE:PUMP)
On March 30, BofA analyst Saurabh Pant initiated coverage of ProPetro Holding Corp. (NYSE:PUMP) with a Buy rating and an $18 price target, highlighting the company’s attractive positioning within the oilfield services sector. The firm expects a cyclical recovery in completions activity by 2027, alongside a meaningful growth inflection from its emerging PROPWR power business. Forecasts indicate a significant shift in EBITDA contribution over time, with the power segment expected to become a substantial driver of earnings growth.
On February 25, Barclays raised its price target on ProPetro Holding Corp. (NYSE:PUMP) to $12 from $11 while maintaining an Equal Weight rating, updating its financial model following the company’s fourth-quarter results. The firm’s outlook reflects steady operational performance, while acknowledging the evolving growth profile driven by diversification into power-related services.
ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services provider specializing in pressure pumping and completion services, primarily operating in the Permian Basin. Headquartered in Midland, Texas, the company is strategically positioned to benefit from both traditional energy activity and emerging power infrastructure demand. With a diversified growth trajectory and improving earnings outlook, ProPetro offers a compelling investment opportunity with significant upside potential.
2. Transocean Ltd. (NYSE:RIG)
On April 2, Transocean Ltd. (NYSE:RIG) announced new contract awards and extensions totaling approximately $1.0 billion in incremental backlog, reinforcing strong demand for its high-specification offshore drilling fleet. Key awards include a multi-year contract for a harsh-environment semisubmersible in Norway and extensions for ultra-deepwater drillships in Brazil, with commitments extending into the next decade. These long-term contracts enhance revenue visibility and underscore the company’s strategic positioning in premium offshore markets.
On March 19, Clarksons downgraded Transocean Ltd. (NYSE:RIG) to Neutral from Buy with a price target of $5.90, reflecting a more cautious near-term outlook despite improving industry fundamentals. While the downgrade signals tempered expectations, it does not detract from the company’s growing backlog and strengthening operational outlook.
Transocean Ltd. (NYSE:RIG) is a leading global provider of offshore drilling services, specializing in ultra-deepwater and harsh-environment operations. Headquartered in Switzerland, the company operates one of the most advanced fleets in the industry. With increasing demand for complex offshore projects and a growing backlog, Transocean is well-positioned to benefit from a sustained offshore recovery, supporting a strong long-term investment thesis with meaningful upside potential.
1. Solaris Energy Infrastructure, Inc. (NYSE:SEI)
On March 20, Wells Fargo initiated coverage of Solaris Energy Infrastructure, Inc. (NYSE:SEI) with an Equal Weight rating and a $71 price target, citing confidence in the company’s ability to support U.S. AI-driven power demand through its reliable energy solutions. However, following significant share price outperformance over the past year, the firm views the current valuation as more balanced, suggesting limited near-term upside despite strong fundamentals.
On March 17, Barclays raised its price target on Solaris Energy Infrastructure, Inc. (NYSE:SEI) to $74 from $63 while maintaining an Overweight rating, highlighting the addition of 900 MW of natural gas-powered turbine capacity expected to come online between 2026 and 2029. The firm also pointed to the likelihood of securing an additional hyperscaler contract, which could further accelerate growth and expand the company’s role in powering large-scale digital infrastructure.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) is a provider of power generation, distribution, and logistics solutions, serving both energy and industrial markets. Headquartered in Houston, Texas, the company has evolved to focus on mobile power solutions and infrastructure supporting high-growth sectors such as data centers. With strong demand drivers, expanding capacity, and potential new contracts, Solaris is well-positioned to deliver sustained growth, supporting a compelling investment case with significant upside potential.
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