These companies earn money from electricity, gas or oil. Demand from new data centers has made power a more important topic for them. Their results depend on prices, on the grid and on the speed of new projects.
This is information, not advice (see the disclaimer).
Far below intrinsic value · Analysts: Leaning bullish
The market prices National Grid for the cost of its large investment plan and the risk of lower allowed returns, and EPS growth on guidance with stable ratings over the next three to five quarters can close the gap.
Next checkpoint: Full-year 2026/27 results: first year of the new plan (May 13, 2027 (estimate))
Far below intrinsic value · Analysts: Leaning bullish
Open-ended wildfire liability in California holds the price down, and without a durable legal reform the gap will probably not close before 2028.
Next checkpoint: CPUC proposed decision on Kincade and Dixie fire cost recovery (Nov 13, 2026 (estimate))
Far below intrinsic value · Analysts: Mixed
The market fears that strict Oregon rules will make the large investment plan of PGE hard to fund, and a changed holding company order with approval of the Washington purchase can close the gap.
Next checkpoint: OPUC response on the holding company conditions (Q4 2026 (estimate))
Well below intrinsic value · Analysts: Bullish
The market prices Couche-Tard for the risk that high fuel margins fall and for the debt of the Żabka deal, and steady margins, store sales growth and a smooth deal can close the gap.
Next checkpoint: Q2 fiscal 2027 results: fuel margins and store sales (Nov 24, 2026)
Well below intrinsic value · Analysts: Bullish
The market prices Baker Hughes for weaker oilfield services and the debt from the Chart purchase, and strong gas and power orders with debt reduction over two years can close the gap.
Next checkpoint: Q4 2026 earnings: synergies and debt (Jan 27, 2027 (estimate))
Well below intrinsic value · Analysts: Bullish
The market doubts that CoreWeave can earn enough from its new data centers to carry its large debt, and on-time deliveries with rising margins through 2027 can lift its value.
Next checkpoint: Year-end active power (Dec 2026 (estimate))
Well below intrinsic value · Analysts: Bullish
The market prices DTE for a costly building plan paid partly with new shares, and a fair Michigan rate order in early 2027 with more data center contracts can close the gap.
Next checkpoint: A further data center agreement (Dec 2026 (estimate))
Well below intrinsic value (AI estimate) · Analysts: Leaning bullish
The market prices Parex for Colombian risk, higher costs and the new Frontera debt, and a recovery in cash margins with lower debt and the planned synergies in 2027 can close the gap.
Next checkpoint: Capital markets day: 2027 plan (Dec 9, 2026)
Well below intrinsic value · Analysts: Bullish
Investors lost trust in Solstice after its failed Element deal, and results that meet guidance with disciplined buybacks over two to four quarters can close the gap.
Next checkpoint: FY 2026 results, 2027 guidance and buybacks (Feb 4, 2027 (estimate))
Well below intrinsic value · Analysts: Mixed
The market prices Westlake for weak chemical prices and slow homebuilding, and the profit improvement plan with stable PVC and polyethylene margins can close the gap over several years.
Next checkpoint: Q4 2026 earnings: PEM profit and the improvement plan (Feb 4, 2027 (estimate))
Below intrinsic value · Analysts: Leaning bullish
The market prices Alcoa for lower aluminum prices and the risk of the South32 asset purchase, and steady metal prices with a clean close in the first half of 2027 can close the gap.
Next checkpoint: Q4 2026 earnings: production and costs (Jan 15, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market prices Antero for weak natural gas prices and the debt from its 2026 purchases, and lower unit costs with debt repayment through 2027 can close the gap.
Next checkpoint: Full-year 2026 report and 2027 plan (Jan 28, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market doubts the pace of growth in engineering services and the timing of large CANDU contracts, and new nuclear orders with steady margins over the next year can close the gap.
Next checkpoint: Q4 2026 earnings and 2027 outlook (Feb 5, 2027 (estimate))
Below intrinsic value · Analysts: Leaning bullish
The market fears that Caterpillar's record results from data center power and mining are a cycle peak, and steady orders and margins as the backlog turns into sales can close the gap.
Next checkpoint: Q4 2026 results and 2027 outlook (Jan 28, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market doubts that Corning can reach its Springboard growth targets at an acceptable cost, and optical growth with a profitable Solar business through 2028 can close the gap slowly.
Next checkpoint: Q4 2026 results: $20 billion run rate (Jan 27, 2027 (estimate))
Below intrinsic value · Analysts: Very bullish
The market prices Devon for lower oil prices and the risk of its large Coterra merger, and synergies on plan with the Eagle Ford sale cash used for buybacks and debt can close the gap.
Next checkpoint: Q4 2026 results and full 2027 guidance (Feb 5, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market fears that oil prices fall back after the Middle East conflict, and steady output with high free cash flow for debt cuts and buybacks can close the gap over two to four quarters.
Next checkpoint: 2027 plan: production, capital spending and returns (Feb 2, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market prices EQT for low natural gas prices in Appalachia, and new LNG and power plant demand, MVP Southgate in service and a smooth Range merger can close the gap over four to six quarters.
Next checkpoint: MVP Southgate in service (Dec 2026 (estimate))
Below intrinsic value · Analysts: Bullish
Investors are careful with the growth spending, acquisitions and complex structure of Energy Transfer, and new projects on time with growing cash flow per unit can close the gap.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 3, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market doubts that the boom in orders for gas turbines and grid equipment will last, and higher margins as the backlog turns into revenue through 2027 can close the gap.
Next checkpoint: Q4 2026 results and 2027 guidance (Jan 27, 2027 (estimate))
Below intrinsic value · Analysts: Leaning bullish
The market fears that Hubbell's growth slows after two debt-funded deals, and steady data center and grid demand with falling debt over the next four to six quarters can close the gap.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 2, 2027 (estimate))
Below intrinsic value · Analysts: Mixed
The market fears that LyondellBasell's strong 2026 margins are temporary, and lower debt with margins above the 2025 level after the supply disruption ends can close the gap over two to three years.
Next checkpoint: Q4 2026 earnings: margins after the supply disruption (Jan 30, 2027 (estimate))
Below intrinsic value · Analysts: Leaning bullish
The market prices ONEOK on its steady fee-based cash flow and waits to see what the Apollo investment and the Brazos purchase give common shareholders.
Next checkpoint: Q4 2026 results and the 2027 guidance (Jan 27, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market prices Ovintiv for the risk of lower oil prices and weak Canadian gas prices, and steady production with higher shareholder returns over the next three to five quarters can close the gap.
Next checkpoint: Q4 2026 results: 2027 capital plan (Feb 3, 2027 (estimate))
Below intrinsic value · Analysts: Mixed
Range now trades on its all-stock merger with EQT, and a close in Q1 2027 with the planned synergies can close the gap, while gas prices move both stocks.
Next checkpoint: Q4 2026 results, if Range still reports (Jan 27, 2027 (estimate))
Below intrinsic value · Analysts: Bullish
The market prices Sempra for California wildfire risk and the cost of a $65 billion building plan, and a closed KKR sale with steady utility growth over three to six quarters can close the gap.
Next checkpoint: KKR sale closes (Nov 19, 2026 (estimate))
Close to intrinsic value · Analysts: Bullish
Investors doubt the returns on Air Products' clean hydrogen projects, and lower capital spending with a successful NEOM start in 2027 can close the gap.
Next checkpoint: Q1 fiscal 2027 earnings (Feb 5, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices Alliant Energy for the new shares and debt that its larger data center building plan needs, and 2027 earnings within guidance with fair Iowa decisions in 2027 can close the gap.
Next checkpoint: Q4 2026 earnings: 2027 guidance (Jan 29, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
The market prices Ameren for a costly building plan paid partly with new shares, and a fair Missouri rate order by May 2027 with new data center demand from late 2027 can close the gap.
Next checkpoint: Q4 2026 earnings: 2027 guidance (Feb 5, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
The market prices AEP for the cost of a $100 billion building plan paid partly with new shares, and earnings growth in line with its new guidance as data centers come online can close the gap.
Next checkpoint: Full-year 2026 results and the funding plan (Jan 28, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices Amrize for higher energy costs, a cut to its 2026 guidance and many changes of finance leaders, and better price against cost with no more guidance cuts over four to six quarters can close the gap.
Next checkpoint: Full-year 2026 results and 2027 guidance (Jan 28, 2027 (estimate))
Close to intrinsic value · Analysts: Mixed
The market prices Atmos as a safe gas utility that must keep issuing shares and debt, and steady EPS growth under its new five-year plan with fair rate outcomes in Texas can close the gap.
Next checkpoint: Fiscal Q1 2027 earnings: rate outcomes (Feb 4, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market doubts that BP can keep its 2026 cash flow when oil prices and refining margins fall, and lower debt with a clear plan from the December 2026 update can close the gap within one to two years.
Next checkpoint: Strategy and outlook update (Dec 15, 2026)
Close to intrinsic value · Analysts: Bullish
Investors fear that AI will cut the number of paid engineering software users, and steady ARR growth with the first paid AI features in 2027 can close the gap.
Next checkpoint: 2027 outlook: AI price model (Feb 5, 2027 (estimate))
Close to intrinsic value · Analysts: Mixed
The market expects nitrogen prices to fall after the Middle East supply shock, and tight supply into 2027 with a Yazoo City restart can close the gap over a full price cycle.
Next checkpoint: Q4 2026 results: prices and Yazoo City cost (Feb 4, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market weighs the steady rate base growth of CMS Energy against its large debt and the need for new shares, and fair Michigan rate orders through 2027 can lift its value.
Next checkpoint: Q4 2026 results and 2027 outlook (Feb 4, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
The market prices Carnival for high debt and the risk of weaker travel demand, and steady yield growth with falling leverage over the next four to six quarters can close the gap.
Next checkpoint: Q4 2026 earnings and 2027 guidance (Dec 29, 2026 (estimate))
Close to intrinsic value (AI estimate) · Analysts: Bullish
The market prices Cenovus close to the AI estimate on doubts that the high oil prices and refining margins of 2026 can last, and only steady oil sands growth with low costs and buybacks can lift its value.
Next checkpoint: Closing of the Athabasca Oil purchase (Dec 2026 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices CenterPoint for the cost of a large building plan and Houston storm risk, and timely cost recovery with new large-load connections over the next four to six quarters can close the gap.
Next checkpoint: Full-year 2026 results and 2027 guidance (Jan 27, 2027 (estimate))
Close to intrinsic value · Analysts: Very bullish
The market prices Comfort Systems on a data center building boom that may fade, and a growing backlog with steady profit margins through 2027 can lift its value.
Next checkpoint: Q4 2026 results: backlog and margin (Feb 18, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
The market doubts that ConocoPhillips can keep its 2026 earnings when oil prices fall, and steady cash returns with Willow on schedule for the free cash flow rise by 2029 can close the gap.
Next checkpoint: Close of the Kirkuk joint venture purchase (Q4 2026 (estimate))
Close to intrinsic value · Analysts: Bullish
Digital Realty trades close to its intrinsic value because investors weigh strong AI and cloud demand against large spending and new shares, and a backlog that starts on time can lift the value.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 4, 2027 (estimate))
Close to intrinsic value · Analysts: Mixed
Dominion now trades as a fixed share of NextEra plus deal risk, so the gap closes only if NextEra shares rise or the merger fails and Dominion is valued on its own again.
Next checkpoint: Virginia SCC decision on the merger (Jan 11, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices Duke Energy for a very large building plan paid with debt and new shares, and fair North Carolina rate orders with steady earnings growth through 2027 can close the gap.
Next checkpoint: North Carolina rate case orders (Nov 2026 (estimate))
Close to intrinsic value · Analysts: Bullish
The market doubts that data center and healthcare building demand can last and that margins hold at today's level, and a steady conversion of the record order book through 2027 can lift its value.
Next checkpoint: Q4 2026 results and 2027 outlook (Feb 25, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
EOG trades close to its intrinsic value because investors pay for its low costs and cash returns, and oil prices above the levels of 2025 can keep it there.
Next checkpoint: Q4 2026 results and 2027 plan (Feb 23, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices Enbridge for high debt and new shares to pay for acquisitions, and steady growth in cash flow per share as its projects enter service can close the gap over several years.
Next checkpoint: Tallgrass and Salt Creek purchases close (Q4 2026 (estimate))
Close to intrinsic value (AI estimate) · Analysts: Very bullish
Investors pay more than the AI estimate for the networks and renewables of Engie, and only a fair nuclear deal with lower debt and higher earnings can earn it.
Next checkpoint: Heads of terms for the sale of the nuclear activities (Dec 12, 2026)
Close to intrinsic value · Analysts: Leaning bullish
Enterprise trades close to its intrinsic value because investors pay for its fee-based cash flow and distributions, and growth from new Permian plants and export terminals can keep it there.
Next checkpoint: Q4 2026 results and new projects in service (Feb 2, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
The market doubts that the large Equinix build program will earn returns like its existing data centers, and steady AFFO per share growth through 2029 can close the gap slowly.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 10, 2027 (estimate))
Close to intrinsic value · Analysts: Mixed
The market prices Eversource for a lower FERC return and hard rate cases in Connecticut, and a fair CL&P decision in mid-2027 with steady earnings growth can close the gap.
Next checkpoint: FERC decision on a new transmission return on equity (Dec 2026 (estimate))
Close to intrinsic value · Analysts: Mixed
The market prices Exelon for political pressure on utility bills and the new shares it must sell, and fair rate decisions with earnings growth near the top of its range can close the gap.
Next checkpoint: Q4 2026 results: 2027 guidance and updated capital plan (Jan 30, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market doubts how long US tax credits and trade rules will protect First Solar, and stronger bookings after the new minimum import prices through 2027 can lift its value.
Next checkpoint: Section 232 minimum import prices start (Dec 4, 2026)
Close to intrinsic value · Analysts: Bullish
The market doubts that international growth and cost savings can lift margin while North America stays weak, and steady growth in the Middle East and offshore through 2027 can lift its value.
Next checkpoint: Q4 2026 results and 2027 outlook (Jan 20, 2027 (estimate))
Close to intrinsic value (AI estimate) · Analysts: Very bullish
The market doubts that Hitachi's power grid boom can last, and profit on its raised forecast with growing Energy orders and steady buybacks can close the gap to the AI estimate within one to two years.
Next checkpoint: Q3 fiscal 2026 results: Energy orders and forecast (Jan 28, 2027 (estimate))
Close to intrinsic value (AI estimate) · Analysts: Very bullish
Howmet trades close to the AI estimate because investors pay for fast growth in engine parts and gas turbines, and growth in line with the 2027 outlook can keep it there.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 11, 2027 (estimate))
Close to intrinsic value · Analysts: Very bullish
The market prices IDACORP for the new shares that fund its large building plan and for wildfire risk, and EPS within guidance with timely rate increases can close the small gap within a year.
Next checkpoint: Q4 2026 results and the 2027 guidance (Jan 29, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
Johnson Controls trades close to its intrinsic value because investors pay for its data center backlog, and earnings within the fiscal 2027 guidance can keep it there.
Next checkpoint: Q1 fiscal 2027 results (Feb 3, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
Kinder Morgan trades close to its intrinsic value because investors pay a full price for its fee-based cash flow and gas growth, and projects on time with stable debt can lift the value.
Next checkpoint: Q4 2026 results and 2027 budget (Jan 21, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
Investors doubt that Linde can keep its margin with Lincare and helium costs in a weak industrial economy, and a margin recovery in the next two to four quarters can close the gap.
Next checkpoint: Q4 2026 results and 2027 outlook (Jan 29, 2027 (estimate))
Close to intrinsic value · Analysts: Mixed
The market prices MGE Energy as a small utility that issues new shares in a time of high interest rates, and the approved 2027 rate increases with steady rate base growth can close the gap.
Next checkpoint: 2027 Fuel Cost Plan decision (Dec 2026 (estimate))
Close to intrinsic value · Analysts: Bullish
The market prices Nebius as a young AI cloud company that must borrow heavily to build the capacity it sold, and reaching its 2027 revenue outlook and a pre-tax breakeven without more share sales can lift its value.
Next checkpoint: Q4 2026 results: 2026 revenue and 2027 outlook (Feb 12, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
The market prices NextEra Energy for the cost and approval risk of its Dominion Energy deal, and approvals without large new conditions and steady EPS growth over the next four to six quarters can close the gap.
Next checkpoint: FPL signs its first large-load contract (Dec 2026 (estimate))
Close to intrinsic value · Analysts: Bullish
The market prices NiSource for the cost of its large investment plan and the risk of its data center contracts, and results in line with guidance over the next two to four quarters can close the gap.
Next checkpoint: 2026 results: EPS guidance met (Jan 28, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market weighs how long high fertilizer prices last while Phosphate and Retail margins are weak, and steady potash sales with lower costs after the plant closures can lift its value.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 17, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices Occidental with caution because its cash flow follows the oil price and Berkshire Hathaway's preferred stock comes first, and only lower debt and the 2030 cash flow plan can change this.
Next checkpoint: Q4 2026 results and the 2027 plan (Feb 9, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
The market doubts that PPL can turn data center demand into investment with a fair return, and signed supply deals with a Kentucky generation filing by early 2027 can close the gap.
Next checkpoint: Invitium Energy supply agreement (Dec 2026 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices Petrobras for state control of fuel prices and investment, and steady dividends with record pre-salt output can close part of the gap, but state control probably keeps the rest.
Next checkpoint: 2027-2031 Business Plan (Nov 2026 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market prices PSEG for political pressure on New Jersey power bills, and steady guidance with a fair result from the state utility review in 2027 can close the gap.
Next checkpoint: Mandatory RTO membership: transmission return adder (Jan 2027 (estimate))
Close to intrinsic value (AI estimate) · Analysts: Bullish
RWE trades close to the AI estimate because investors pay for its large build-out of wind, solar, batteries and gas plants, and only projects that earn their planned returns without many new shares can keep it there.
Next checkpoint: 2026 annual report and 2027 guidance (Mar 4, 2027)
Close to intrinsic value · Analysts: Leaning bullish
The market prices Rio Tinto for lower iron ore prices as new supply arrives, and steady costs, more copper and rising free cash flow as projects finish can close the gap slowly over two to three years.
Next checkpoint: Q4 2026 operations review: Simandou and costs (Jan 2027 (estimate))
Close to intrinsic value · Analysts: Very bullish
The market doubts that Rolls-Royce can keep its higher profit, and results on the path to its 2028 targets with better engine durability can close the gap within one to two years.
Next checkpoint: Trading update: 2026 guidance (Nov 12, 2026)
Close to intrinsic value · Analysts: Bullish
SLB trades close to its intrinsic value because investors fear less spending on oil and gas after the Middle East disruptions, and a recovery there with international growth in 2027 can lift the value.
Next checkpoint: Q4 2026 results and 2027 outlook (Jan 22, 2027 (estimate))
Close to intrinsic value · Analysts: Leaning bullish
The market doubts that Shell's high 2026 earnings last after the Middle East conflict, and a plan on February 4, 2027 that keeps cash returns at normal prices can close the gap.
Next checkpoint: Capital Markets Update and Q4 2026 results (Feb 4, 2027)
Close to intrinsic value (AI estimate) · Analysts: Very bullish
The market prices Sumitomo close to the AI estimate on doubts that it can keep its high profit when commodity prices and the yen return to normal, and only growth in its non-commodity businesses can lift its value.
Next checkpoint: Results for the nine months to December 2026 (Feb 2, 2027 (estimate))
Close to intrinsic value (AI estimate) · Analysts: Bullish
The market weighs the drilling cycle and higher steel costs against growing demand for pipes in North America and offshore, and a higher Q4 base for 2027 can lift its value.
Next checkpoint: Interim dividend of $1.18 per ADS (Nov 25, 2026)
Close to intrinsic value · Analysts: Leaning bullish
The market doubts that Venture Global can carry its debt and the costs of its customer disputes, and a start of Plaquemines Phase 2 and CP2 in mid-2027 can lift its value.
Next checkpoint: Q4 2026 results and 2027 outlook (Mar 1, 2027 (estimate))
Close to intrinsic value · Analysts: Bullish
Investors are careful about how long AI data center spending can last, and strong orders and margins for Vertiv in 2027 can close the gap.
Next checkpoint: Q4 2026 results and 2027 guidance (Jan 28, 2027 (estimate))
Close to intrinsic value · Analysts: Mixed
The market prices WEC for a record capital plan that depends on a few data center customers, and fair rate orders in late 2026 with data center load on plan can close the gap.
Next checkpoint: Wisconsin and Illinois rate orders (Dec 2026 (estimate))
Close to intrinsic value · Analysts: Bullish
The market prices Weatherford for lower activity in the Middle East after the Iran conflict, and a gradual recovery with strong free cash flow and the move to Delaware can close the gap.
Next checkpoint: Redomestication to Delaware closes (Nov 13, 2026)
Close to intrinsic value · Analysts: Bullish
Williams trades close to its intrinsic value because investors pay for its gas pipelines and new power projects, and growth in line with its plan through 2030 can keep it there.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 9, 2027 (estimate))
Pricey · Analysts: Bullish
Investors pay a premium for Chevron's cash flow at high oil prices, and only higher earnings at normal prices from growth and lower costs can earn it when the Middle East supply shock ends.
Next checkpoint: Hess Midstream restructuring closes (Dec 2026 (estimate))
Pricey · Analysts: Bullish
The market doubts that data center demand for Eaton's equipment can last and dislikes its new debt, and growing orders, higher margins and lower debt in 2027 can close the gap within about a year.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 3, 2027 (estimate))
Pricey (AI estimate) · Analysts: Very bullish
Mitsui trades close to the AI estimate because investors pay for its cash flow and buybacks but doubt that profit stays high, and steady profit as energy prices change can keep it there.
Next checkpoint: Nine-month results to December 2026 (Feb 3, 2027 (estimate))
Pricey · Analysts: Leaning bullish
The market doubts that freight volume recovers while costs for fuel and benefits rise, and steady growth in tons per day with rising yield through 2027 can lift its value.
Next checkpoint: Q4 2026 results: operating ratio and volume (Feb 3, 2027 (estimate))
Pricey · Analysts: Bullish
The market prices Pembina as a steady pipeline business with large spending plans, and fee-based growth from sanctioned projects that start on time while the dividend stays covered can lift its value.
Next checkpoint: Q4 2026 results: 2027 guidance (Feb 25, 2027 (estimate))
Pricey (AI estimate) · Analysts: Bullish
Investors pay more than the AI estimate for the record cash flow and buybacks of Suncor at high oil prices, and only oil prices well above the 2025 average can keep the price there.
Next checkpoint: Q4 2026 results and 2027 plan (Feb 2, 2027 (estimate))
Pricey (AI estimate) · Analysts: Very bullish
Targa trades close to the AI estimate because investors weigh its fast Permian growth and dividend increases against high spending, and growth as planned can lift the value.
Next checkpoint: Q4 2026 results and the 2027 outlook (Feb 5, 2027 (estimate))
Pricey · Analysts: Bullish
The market prices United on a fuel cost that rose faster than fares, and a fall in jet fuel or fares that keep rising faster than costs can lift its value.
Next checkpoint: Starlink on 61% of United flights (Dec 31, 2026)
Far above intrinsic value (AI estimate) · Analysts: Leaning bullish
ArcelorMittal trades above the AI estimate because investors pay for its high 2026 steel margins, and only lasting European trade protection with returns from its growth projects can support this price.
Next checkpoint: Q4 2026 results, project update and 2027 outlook (Feb 5, 2027 (estimate))
Far above intrinsic value · Analysts: Leaning bullish
Investors pay a very high multiple for Bloom's fast growth in power for AI data centers, and only strong orders and margins after 2026 can support this price.
Next checkpoint: Q4 2026 results and the 2027 outlook (Feb 2027 (estimate))
Far above intrinsic value · Analysts: Very bullish
Investors pay a premium for the long-term contracts and growing cash flow of Cheniere, and only new expansions with new contracts and continued buybacks can earn it.
Next checkpoint: Q4 2026 results and the 2027 guidance (Jan 29, 2027 (estimate))
Far above intrinsic value · Analysts: Bullish
Investors pay a premium for the brand, the premium cabins and the loyalty revenue of Delta, and only high profits through a period of high fuel prices can earn it.
Next checkpoint: Q4 2026 results and the 2027 outlook (Jan 9, 2027 (estimate))
Far above intrinsic value · Analysts: Bullish
Investors pay a premium for Emerson's control systems and software and its strong orders, and only sales growth and margins on its fiscal 2027 guidance can earn it.
Next checkpoint: Q1 fiscal 2027 results (Feb 2, 2027 (estimate))
Far above intrinsic value · Analysts: Bullish
Investors pay for Entergy's fast growth in power demand from data centers and industry, and only EPS growth that keeps pace with its $54.8 billion capital plan can support this price.
Next checkpoint: Q4 2026 results and the 2027 guidance (Feb 2, 2027 (estimate))
Far above intrinsic value · Analysts: Leaning bullish
Investors pay a premium for the new focus of Honeywell on automation after the spin-offs, and only several years of organic growth with higher margins can earn it.
Next checkpoint: Q4 2026 results and 2027 guidance (Jan 22, 2027 (estimate))
Far above intrinsic value · Analysts: Leaning bullish
Investors pay a premium for Marathon Petroleum's record refining margins and MPLX cash, and only margins that stay high through 2027 can earn it.
Next checkpoint: Q4 2026 results: margins and the refinery sale (Feb 3, 2027 (estimate))
Far above intrinsic value (AI estimate) · Analysts: Bullish
Nucor trades above the AI estimate because investors pay for its strong 2026 steel earnings and new mills, and only high earnings after the current cycle can support this price.
Next checkpoint: Q4 2026 results and the 2027 outlook (Jan 26, 2027 (estimate))
Far above intrinsic value · Analysts: Leaning bullish
Investors pay a premium for Phillips 66's record refining profit and steady Midstream cash, and only high margins through 2027 with debt on target can earn it.
Next checkpoint: Q4 2026 results and 2027 capital budget (Feb 3, 2027 (estimate))
Far above intrinsic value · Analysts: Bullish
Investors pay a premium for the record backlog of Quanta in grid, power and data center work, and only several years of fast earnings growth after 2026 can earn it.
Next checkpoint: Q4 2026 results and 2027 guidance (Feb 18, 2027 (estimate))
Far above intrinsic value (AI estimate) · Analysts: Very bullish
Investors pay more than the AI estimate for the low costs and net cash of Ryanair, and only fares that rise with a much higher fuel bill in fiscal 2028 and MAX-10 aircraft that arrive on time can earn this price.
Next checkpoint: Q3 fiscal 2027 results: fares and fuel (Jan 25, 2027 (estimate))
Far above intrinsic value (AI estimate) · Analysts: Very bullish
SSE trades above the AI estimate because investors pay for its regulated network growth, and only earnings that rise toward its 2029/30 target can support this price.
Next checkpoint: Half-year results: adjusted EPS and net debt (Nov 18, 2026)
Far above intrinsic value · Analysts: Very bullish
Investors pay a premium for Siemens' automation software and its data center growth, and steady software growth, strong data center orders and a completed Healthineers spin-off can earn it.
Next checkpoint: Q1 fiscal 2027 results: orders and the outlook (Feb 11, 2027)
Far above intrinsic value · Analysts: Bullish
Investors pay a premium for the contracted gas pipelines and the long dividend record of TC Energy, and only on-time projects with stable debt and steady regulated returns can earn it.
Next checkpoint: Q4 2026 results and dividend (Feb 12, 2027 (estimate))
Far above intrinsic value · Analysts: Very bullish
Vistra trades above its intrinsic value because investors pay for its high power prices and data center demand, and only long-term contracts that keep 2027 earnings in range can support this price.
Next checkpoint: Series B preferred stock redemption (Dec 15, 2026)
Far above intrinsic value · Analysts: Bullish
The market weighs weaker shipments and higher diesel costs against steady price increases, and aggregates pricing gains that outrun costs through 2027 can lift its value.
Next checkpoint: Q4 2026 results and the 2027 outlook (Feb 16, 2027 (estimate))
Far above intrinsic value · Analysts: Bullish
Investors pay for Xcel Energy's large capital plan and growth in power demand, and only fair rate outcomes and no new large wildfire losses can support this price.
Next checkpoint: Minnesota decision on the Rate Stability Plan (Jan 2027 (estimate))
Pass rate counts thesis checkpoints that came true. It is not an investment return. Past results do not predict future results.
Every result is on the checkpoints page.
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