Undervalued energy storage concept equipment manufacturing stocks

Are there undervalued energy stocks?

As of July 9, 2024, there were energy stocks that were undervalued relative to the average stock in the sector, as measured by Morningstar's price/fair value metric. These undervalued energy stocks included companies with economic moats.

How many undervalued energy stocks are in the Morningstar US energy index?

There are a total of 70 stocks in the Morningstar US Energy Index, 34 of which are covered by Morningstar equity analysts. Of those, 11 were considered undervalued as of March 28. The full list of undervalued energy stocks can be found at the bottom of this article. What’s in the Morningstar US Energy Index?

Are energy stocks undervalued in 2023?

However, since the start of 2023, the energy index is down nearly 6%, while the stock market is up just over 5%. There are a total of 70 stocks in the Morningstar US Energy Index, 34 of which are covered by Morningstar equity analysts. Of those, 11 were considered undervalued as of March 28.

What is the broader sector that battery storage stocks belong to?

Battery storage stocks are a subset of the broader energy sector. These stocks are shares in companies that specialize in energy storage solutions through the use of batteries.

What are battery storage stocks?

Battery storage stocks are shares in companies that specialize in energy storage solutions through the use of batteries. These stocks are a subset of the broader energy sector.

Which narrow-moat stocks are undervalued in the Morningstar US energy index?

These were the five most undervalued narrow-moat stocks in the Morningstar US Energy Index as of March 28: The most undervalued narrow-moat stock was Equitrans Midstream at a 51% discount to the fair value estimate set by Morningstar equity analysts. The least undervalued was SLB at a 16% discount.