In this article, we will take a look at the 5 Energy & Utility Stocks that are on Fire in April. For a deeper discussion and analysis, please refer to the 7 Energy & Utility Stocks that are on Fire in April.
5. Baker Hughes Company (NASDAQ:BKR)
Share Price Gains Between Apr. 1 – Apr. 27: 13.32%
Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide.
Baker Hughes Company (NASDAQ:BKR) received a boost after announcing strong results for its Q1 2026 on April 23, despite the complex operating environment amid the US-Iran war. The company topped expectations in both earnings and revenue during the quarter, as the robust demand in its industrial and energy technology unit offset drilling weakness caused by the disruptions in the Middle East.
Baker Hughes Company (NASDAQ:BKR) delivered strong orders in the first quarter with total company orders of $8.2 billion, including $4.9 billion from IET, driven by the growth in electricity demand from data centers, along with investments in LNG, gas infrastructure, and grid equipment.
That said, Baker Hughes Company (NASDAQ:BKR)’s results were impacted heavily by the weaker oilfield services activity amid the Middle East disruptions. The company’s oilfield services and equipment (OFSE) witnessed a 7% YoY drop in revenue, while its revenue from the Middle East/Asia region also declined by 19% compared to last year.
Following the impressive Q1 report, Baker Hughes Company (NASDAQ:BKR) received significant positive attention from a number of analyst firms, including Jefferies, JPMorgan, and others.
4. Liberty Energy Inc. (NYSE:LBRT)
Share Price Gains Between Apr. 1 – Apr. 27: 17.66%
Liberty Energy Inc. (NYSE:LBRT) is a major energy industry service provider across North America.
Liberty Energy Inc. (NYSE:LBRT) hit a new high after posting its Q1 2026 results on April 22, with the company beating expectations in both earnings and revenue, driven by the outsized demand for its premium completion service offering, outstanding operational execution, and technology-driven efficiency gains. Moreover, Liberty closed the quarter delivering record-level output, generating more horsepower hours than ever before in its history.
Liberty Energy Inc. (NYSE:LBRT) also issued promising forward guidance, with the company targeting even stronger results in the second quarter. Liberty expects high-single-digit revenue growth in Q2 on increased utilization, in addition to forecasting the corresponding improvements in profitability. Moreover, the company revealed that the positive impacts from pricing cadence should start to pick up in the latter half of the year.
Liberty Energy Inc. (NYSE:LBRT) also received a lift from the positive analyst attention it attracted following the strong Q1 report, including price target boosts from Morgan Stanley and Piper Sandler, among others.
3. GE Vernova Inc. (NYSE:GEV)
Share Price Gains Between Apr. 1 – Apr. 27: 25.20%
GE Vernova Inc. (NYSE:GEV) engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa.
GE Vernova Inc. (NYSE:GEV) rallied to an all-time high following its impressive Q1 2026 report on April 22, with the company exceeding estimates in both earnings and revenue. Adjusted EBITDA for the quarter soared by 87% YoY to $896 million, while net profit also skyrocketed to $4.75 billion, up from $264 million in the same period last year. Notably, the firm’s free cash flow of $4.8 billion in the quarter was more than it delivered in the whole of 2025.
GE Vernova Inc. (NYSE:GEV) booked orders of $13 billion in Q1, with the firm now expecting to reach its $200 billion backlog goal in 2027, versus its previous forecast of 2028. Following the strong results, the company also raised its FY 2026 revenue guidance to $44.5-$45.5 billion, up from $44-$45 billion previously. Moreover, it also boosted its free cash flow forecast for the year to between $6.5 billion and $7.5 billion, up from its previous target of $5 billion to $5.5 billion.
Following the impressive Q1 report, the analysts from firms like Goldman Sachs, Jefferies, and several others raised their respective price targets on GE Vernova Inc. (NYSE:GEV), further bolstering investor confidence in the stock.
2. Oklo Inc. (NYSE:OKLO)
Share Price Gains Between Apr. 1 – Apr. 27: 57.96%
Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.
Oklo Inc. (NYSE:OKLO) regained the spotlight on April 23 when the company announced a high-profile partnership with Nvidia and the Los Alamos National Laboratory to advance critical nuclear infrastructure, AI-enabled research, and nuclear fuel R&D at Los Alamos. The purpose of this collaboration is to support the DoE’s Genesis Mission, a historical initiative to use AI to double the productivity and impact of American science and engineering within a decade.
Jacob DeWitte, Co-Founder and CEO at Oklo Inc. (NYSE:OKLO), commented:
“This agreement brings together reactor deployment, high-performance compute, and world-class fuel and materials science expertise. We believe this will advance our plutonium-bearing fuel work on Oklo’s Pluto reactor, which was selected under DOE’s Reactor Pilot Program, and help bring resilient power in support of the Genesis Mission.”
Moreover, Oklo Inc. (NYSE:OKLO) received another boost on the same day when HSBC initiated coverage of the stock with a ‘Buy’ rating and a price target of $96, indicating an upside of over 26% from the current price levels.
Oklo Inc. (NYSE:OKLO) was also recently included in our list of the 14 Best Energy Stocks to Buy According to Wall Street Analysts.
1. Bloom Energy Corporation (NYSE:BE)
Share Price Gains Between Apr. 1 – Apr. 27: 77.18%
Bloom Energy Corporation (NYSE:BE) designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. Bloom’s Energy Server generates power onsite, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion.
Bloom Energy Corporation (NYSE:BE) skyrocketed this month after the company expanded its partnership with Oracle, with the tech giant set to procure up to 2.8 GW of Bloom’s fuel cell systems to support its AI data center buildout. As part of the deal, an initial 1.2 GW of capacity has already been contracted, with deployment underway and continuing into the next year. Oracle later announced on April 27 that it will utilize Bloom Energy’s fuel cells to fully power the planned multi-billion-dollar Project Jupiter AI data center campus in New Mexico. It needs mentioning that Oracle also holds a warrant to purchase $400 million of the fuel cell power company’s stock.
The deal with a hyperscaler pushed several major analyst firms to bump up their respective price targets or outright upgrade Bloom Energy Corporation (NYSE:BE) this month, further bolstering investor confidence.
While we acknowledge the potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about the cheapest AI stock.
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