Goldman Sachs ranks the top stocks in the energy sector, which could face disruption this year as President-elect Donald Trump takes office. Trump will take office on January 20 with an energy platform that will prioritize supporting fossil fuel production over clean energy. Still, there are some renewable energy stocks expected to do well in the year ahead, Goldman Sachs said. First Solar’s domestic manufacturing base allows the company to benefit from the tariffs Trump has threatened, according to the investment bank. The stock is also one of the most closely watched stocks in utility-scale solar, a market facing strong demand growth from artificial intelligence and data centers. Goldman Sachs set a price target on First Solar of $279, implying an upside of nearly 46%. Analysts led by Neil Mehta told clients this month: “FSLR represents a high-quality growth stock with clear visibility to EPS compound growth in 2027 and beyond, and represents attractive risk Return profile. The investment bank is also bullish on Array, a company that makes equipment that tracks the sun’s position with solar panels. Goldman Sachs said Array’s current backlog is at a record high for revenue coverage, suggesting sales in 2025 are mostly de-risked. The investment bank has a price target of $11 for Array, which implies an upside of about 66% from current levels, as strong growth in renewable energy and investors gain a better understanding of how Trump will respond to the Inflation Reduction Act. Clearly, utility NextEra Energy is poised for upside this year. Goldman Sachs has a $92 price target on NextEra, about 29% upside from current levels. In the oil and gas space, Goldman sees ConocoPhillips, Kinder Morgan and EQT. The group is a winner this year. The bank said ConocoPhillips has a strong quarterly execution record in major growth projects such as the liquefied natural gas sector and the Willow oil project in Alaska. Goldman’s target for ConocoPhillips is based on current levels. Growth of about 30%. The investment bank favors pipeline company Kinder Morgan and natural gas producer EQT Group as demand for natural gas increases as electricity consumption increases. Goldman Sachs has a price target of $29 per share for Kinder. That represents an upside of about 4%. EQT’s price target of $59 per share suggests upside of about 24%.
Here are Goldman Sachs’ favorite energy and clean tech stocks for 2025 | Real Time Headlines
RELATED ARTICLES