UBS Highlights Key Growth Stocks in the Energy Sector

UBS has identified its top picks across the US energy, mining, and utilities sectors, basing its selections on growth opportunities driven by acquisitions, increased production, and improved operational efficiency.

The list includes five major companies, notably Nextracker—expected to benefit from its expansion into inverters and energy storage—and Canadian Natural, which is targeting production growth in 2026.

UBS also sees potential in First Quantum Minerals, given the possibility of restarting the Cobre Panama mine, and in Kinder Morgan, thanks to a strong project backlog. Meanwhile, the bank anticipates that divestitures and acquisition synergies could support Devon Energy in the period ahead.