Morgan Stanley's favored energy and power stocks

LootboxPhobia · 2026-03-10T07:36:57+00:00

Morgan Stanley emphasized at the annual industry conference that the demand for energy and power companies remains strong, particularly in the fields of oil, natural gas, and clean energy. Several companies such as Williams, Kinder Morgan, Targa, and ONEOK are viewed positively and are expected to benefit from increased infrastructure investments and consumption. CMS Energy and First Solar also show growth potential to meet the demands for electricity and solar components.

LootboxPhobia

2026-03-10 07:36:57

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Investing.com - After its annual industry conference discussion, Morgan Stanley focused on several energy and utility companies. Analysts noted strong demand trends in oil, natural gas, utilities, and clean energy sectors.

The conference brought together executives from dozens of companies along the energy value chain, highlighting increased investments in power infrastructure, LNG, and power generation as the global energy market faces geopolitical turmoil and rising demand from data centers and electrification.

1. Williams Companies (NYSE:WMB): This pipeline operator is expected to benefit from growing demand for long-distance natural gas, especially with expanding LNG exports and consumption along the Gulf Coast.

Morgan Stanley believes the company is well-positioned to capitalize on the increasing demand for natural gas transportation in key regions.

2. Kinder Morgan (NYSE:KMI): Analysts say that with continued demand growth, more natural gas pipeline projects may emerge over the next 12 to 18 months.

The firm expects the company to participate in infrastructure development driven by sustained consumption growth.

3. Targa Resources (NYSE:TRGP): If oil prices remain resilient amid geopolitical tensions, this midstream operator could benefit from increased producer activity.

Morgan Stanley notes that the company’s exposure to production-related business could provide upside in a favorable commodity environment.

4. ONEOK (NYSE:OKE): Morgan Stanley states that the company may see upside from increased drilling activity and infrastructure needs related to energy production.

The firm emphasizes that as operators expand output and require additional midstream capacity, potential growth opportunities will arise.

5. CMS Energy (NYSE:CMS): This utility company receives a positive outlook due to potential upside from data center power demand and large load power contracts.

Analysts point out that growing technological infrastructure drives the company’s electricity demand.

6. First Solar (NASDAQ:FSLR): Analysts highlight that as the industry seeks compliant components under evolving policy rules, sustained interest in domestic solar module supply remains.

Morgan Stanley believes that, against the backdrop of regulatory developments, the company will benefit from increased demand for U.S.-made solar equipment.

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