Is Equinor ASA (EQNR) among the Best Battery Technology Stocks to Buy for Grid Storage?

With a short percentage of shares outstanding of 0.89%, Equinor ASA (NYSE:EQNR) is among the 7 Best Battery Technology Stocks to Buy for Grid Storage.

On June 22, Berenberg lowered its price target on Equinor ASA (NYSE:EQNR) to NOK 320 from NOK 365 while maintaining a Hold rating on the shares. The revised target reflects the firm’s updated valuation assessment, although it continues to recommend holding the stock.

On June 5, TD Cowen analyst Jason Gabelman raised the firm’s price target on Equinor ASA (NYSE:EQNR) to $42 from $40 while reiterating a Hold rating. The firm viewed the company’s June 16 Capital Markets Day as a positive catalyst, forecasting an increase in Equinor’s 2026 share buyback program from $1.5 billion to $4 billion, with the potential for additional buyback guidance to be announced for 2027.

Founded in 1972 and headquartered in Stavanger, Norway, Equinor ASA (NYSE:EQNR) is a global energy company primarily engaged in oil and gas exploration, production, and distribution. It functions as a renewable battery technology stock through its utility-scale Battery Energy Storage Systems (BESS), acquiring developers like East Point Energy and investing in Noriker Power to stabilize grids and store surplus wind and solar energy.

While we acknowledge the risk and potential of EQNR 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 EQNR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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