Top Energy and Utility Stocks Wall Street Analysts Are Talking About

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9. TotalEnergies SE (NYSE:TTE)

Number of Hedge Fund Holders: 25

TotalEnergies SE (NYSE:TTE) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 17, Bernstein upgraded the company’s stock from “Market Perform” to “Outperform,” adjusting its price target to EUR 67.00 from EUR 69.00. The firm’s analyst Irene Himona highlighted that the company has performed fairly weekly in dollar and euro terms. However, the analyst opines that the weakness has gone far enough.

The firm also pointed to TotalEnergies SE (NYSE:TTE)’s industry-leading low upstream costs, ranking it as the best in class on unit production costs. Furthermore, the company remains well-positioned at the very low end of the curve on non-OPEC marginal costs, added Bernstein.

TotalEnergies SE (NYSE:TTE) is projected to deliver one of the strongest 2025-26 production growth rates among established peers. The research note also stated that the company remains well placed for both market scenarios. These include risks to the upside due to war, and downside risks because of a fundamentally oversupplied oil market in 2025-26. TotalEnergies SE (NYSE:TTE) announced the acquisition from Low Carbon of a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects possessing a capacity of 85 MW.

Since the solar projects are at an advanced stage of development, they can be operational by 2028. They are expected to produce over 350 GWh/year of renewable electricity, equivalent to the electricity consumption of ~100,000 UK households.

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