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Promising Energy Stocks To Follow Now - May 11th

Tesla logo with Auto/Tires/Trucks background
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Key Points

  • Tesla (TSLA), IREN, and Coterra Energy were highlighted by MarketBeat’s screener as the top Energy stocks to watch based on recent high dollar trading volume.
  • Tesla was noted for its electric vehicles and energy storage business, while a linked article suggested the stock could potentially reach $400 in May.
  • IREN operates bitcoin mining data centers, and Coterra Energy is an independent oil and gas producer with major holdings in the Marcellus Shale, Permian Basin, and Anadarko Basin.
  • Interested in Tesla? Here are five stocks we like better.

Tesla, IREN, and Coterra Energy are the three Energy stocks to watch today, according to MarketBeat's stock screener tool. Energy stocks are shares of companies involved in the production, refinement, distribution, or support of energy products and services, such as oil, natural gas, coal, and renewable energy. For stock market investors, they are typically considered a sector that can offer income and growth opportunities, but they are often sensitive to changes in commodity prices, regulation, and broader economic conditions. These companies had the highest dollar trading volume of any Energy stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

Read Our Latest Research Report on TSLA

IREN (IREN)

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Read Our Latest Research Report on IREN

Coterra Energy (CTRA)

Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.

Read Our Latest Research Report on CTRA

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