Top 10 US-Listed Energy Stocks To Explore

The energy sector plays an important role in the economy and is crucial in driving industrial growth. The industry includes companies involved in the exploration and production of oil and gas and those producing renewable energy.

Here, we explore the top 10 energy stocks listed in the US market.

Exxon Mobil Corp. (NYSE:XOM)

This oil and gas major has a market capitalization of US$269.486 billion. The company also sells and transports petroleum products and petrochemicals.

Exxon stock gained 23 percent in one and is up 51 percent year to date. Its share price was in the range of US$31.11to US$64.02 during the 52-week period.

Exxon Mobil swung to profit in Q1 of 2021. It had reported losses for four consecutively quarters. Net income came in at US$2.7 billion, against a loss of US$610 million in the last quarter. Its oil-equivalent production rose 3 percent while the company more than halved its capital and exploration expenditures to US$3.13 billion.

Last week, Exxon Mobil said its nine nominees and three nominees of hedge fund Engine No. 1 are expected to be elected to its board in the election held on May 26.

READ MORE: Exxon Mobil Shifts Gears to Clean Technologies Amid Investors’ Pressure

Chevron Corporation (NYSE:CVX)

California-based Chevron produces upstream and downstream products. It owns refineries and service stations in the U.S. The company produces and sells refined products including gasoline, diesel, marine and aviation fuels and finished lubricants.

Chevron has US$209.38 billion in market capitalization. The stock returned 26 percent year to date and 6 percent in one year. The share price has a 52-week range of US$65.16 to US$113.11.

In the first quarter, Chevron booked a profit of US$1.38 billion. Total revenue was US$32.03 billion and had a net oil-equivalent production of 3.12 million barrels per day.

READ MORE: Exxon Mobil, Chevron Shares Decline Despite Reporting Quarterly Profits

Plug Power Inc. (NASDAQ:PLUG)

The New York-based hydrogen fuel cell producer supplies hydrogen and zero-emissions fuel cell solutions to logistics applications, electric vehicles, and the stationary power market in North American and Europe. Plug Power recently tied with French automaker Renault Group for a hydrogen mobility joint venture.

It has a market capitalization of US$18.28 billion. Plug Power’s stock has dropped 33 percent this year. However, it jumped over 500 percent in the last one-year period. The shares traded between US$4.72 and US$75.49 in 52 weeks.

In May, Plug Power said it expects first-quarter gross billings and net revenue to grow 60 percent year over year to US$70 million and US$67 million, respectively. In addition, the company has projected its annual gross billings to reach US$475 million in 2021 and grow further to US$1.7 billion in 2024.

READ MORE: 10 Rising Small-Cap Technology Stocks In US

ConocoPhillips (NYSE:COP)

ConocoPhillips is a Texas-based energy and production company with total assets worth US$63 billion. It has a market capitalization of US$81.64 billion. The share price grew 47 percent year to date and 24 percent in one year. The stock has a 52-week trading range of US$27.53 to US$61.28.

In the first quarter, ConocoPhillips earned US$1.0 billion, against a loss of US$1.7 billion in the year-ago period.

The company said it would start selling its 10 percent stake in Canadian oil and gas company Cenovus during the second quarter in open market transactions. The sale is expected to be complete by the fourth quarter of 2022. ConocoPhillips targets to cut its gross debt by US$5 billion in the next five years

NextEra Energy, Inc. (NYSE:NEE)

NextEra is a North American electric power and energy infrastructure company based in Florida. It owns Florida Power & Light Company that produces renewable energy from wind and sun and provides a battery storage system.

NextEra has US$143.33 billion in market capitalization. Its share price lost 6 percent this year, while it grew 12 percent in one year. The stock hit a high of US$87.69 and a low of US$58.44 during the 52-week period.

The company’s net income in the first quarter was US$1.67 billion, compared to US$421 million in the previous year quarter. Adjusted earnings increased to US$1.33 billion, or 67 cents per share, from US$1.17 billion, or 59 cents per share. For the full-year 2021, NextEra projects adjusted EPS between US$2.40 and US$2.54.

READ MORE: Which Are 10 Largest Stocks On Dow Jones Index?

Source: Pixabay

TC Energy Corporation (NYSE:TRP)

This Canadian energy infrastructure company develops natural gas and liquids pipelines, power generation and natural gas storage facilities in North America. It has total assets of more than C$100 billion.

On the NYSE, TC Energy has a market capitalization of US$52.27 billion. The stock gained 29 percent year to date and 14 percent in the last one-year period. The shares traded in the range of US$38.80 to US$53.59 in the 52-week period.

The company reported a net loss of C$1.06 billion, compared to the net income of C$1.15 billion in the year-ago quarter. Revenue declined to C$3.39 billion from C$3.42 billion. In 2021, TC Energy forecasts to spend approximately C$7 billion on growth projects, maintenance capital expenditures and equity investments.

Brookfield Renewable Partners L.P. (NYSE:BEP)

The Bermuda-based company invests in hydroelectric, wind, solar and storage facilities globally and is owned by Brookfield Asset Management Inc. It has an installed capacity of approximately 21,000 megawatts and a pipeline network of 27,000 megawatts.

Brookfield Renewable’s stock trades in New York and Toronto. The company has a market capitalization of US$10.78 billion on the NYSE. Its stock lost 10 percent this year but gained 48 percent in one year. The share price has a 52-week trading range of US$24.48 to US$49.87.

First Solar, Inc. (NASDAQ:FSLR)

First Solar makes solar panels and provides power plant solutions. Recently, the company announced a US$680 million investment for a new facility in Ohio to expand its domestic solar manufacturing capacity by 3.3 gigawatts.

The Arizona-based company has US$8.541 billion in market capitalization. The share price declined 24 percent this year but rose 44 percent in one year. The stock traded in between US$76.85 and US$80.80 in the 52-week period.

The company’s first-quarter net sales totaled US$803.3 million, compared with US$609.2 million in the year-ago quarter. Net income also rose to US$209.7 million from US$115.7 million. First Solar has revised its net sales estimate for the full year in the range of US$2.85 billion to US$3.025 billion.

Source: Pixabay

SolarEdge Technologies Inc. (NASDAQ:SEDG)

The California-based company provides invertors, energy storage systems, electric vehicle components, batteries, and UPS. SolarEdge shipped around 22.4 gigawatts of DC inverter systems as of 2020 end.

It has a market capitalization of 12.446 billion. The stock, which returned 56 percent in one year, is down 26 percent year to date. It has a 52-week trading range of US$127.19 to US$377.00.

SolarEdge recorded revenue of US$405.5 million in the first quarter and net income of US$30.1 million. The company expects its second-quarter revenue between US$445 million and US$465 million.

Targa Resources Corp. (NYSE:TRGP)

Targa Resources is a major independent midstream infrastructure company in North America that also provides midstream services such as gathering, processing, and transporting natural gas.

Houston-based Targa, which has a market cap of US$10.586 billion, saw its stock almost doubled in one year and return68 percent year to date. The shares have a 52-week trading range of US$13.08 to US$48.35.

Net income during the first quarter of 2021 came in at US$146.4 million, while total revenue stood at US$3.63 billion.

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