Is EQT (EQT) The Best AI Energy Stock to Buy Now?

We recently published 10 Stocks to Watch as Investors Scramble to Pour Money into AI Trade. EQT Corporation (NYSE:EQT) is one of the stocks that caught analysts’ attention.

James West, Melius Research managing director, said in a recent program on CNBC that EQT Corp (NYSE:EQT) is one of the stocks that is positioned to benefit from the rising energy demand due to AI and data centers. West said EQT Corp (NYSE:EQT) can “definitely” benefit from the rising demand because they are the biggest gas producer in the US.

“I think we’re going to be seeing fencing starts here on power generation. We didn’t have power growth in this country for 20 years, and now we’re having this dramatic surge in growth. Power is the table stakes, as I mentioned in the note, to AI. If you don’t have electricity, you can’t turn that electricity into intelligence. We’re going to build out fast, but there are long lead times for many of the critical items.”

Carillon Scout Mid Cap Fund stated the following regarding EQT Corporation (NYSE:EQT) in its Q1 2025 investor letter:

“EQT Corporation (NYSE:EQT) is an integrated energy company with an emphasis on upstream and midstream natural gas operations in Pennsylvania. The company’s natural gas production costs are among the lowest in the country. Natural gas producers benefitted from a colder than anticipated winter, draining natural gas storage to levels well below the 5-year average. Demand is expected to grow rapidly in the coming years, but suppliers like EQT are not adding rigs and storage is starting from a low point.”

While we acknowledge the risk and potential of EQT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.