Goldman Sachs Forecasts 50% LNG Supply Increase by 2030, Highlighting Key Energy Stocks
Goldman Sachs forecasts a 50% increase in global LNG supply by 2030, driven primarily by the US, while predicting a surplus of 3.85 million bpd by 2026 as the oil supply wave peaks. The IEA anticipates a significant rise in renewable energy capacity, particularly from solar, and highlights key energy stocks including Eaton, Devon Energy, and BWX Technologies, each with promising growth targets.
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Goldman Sachs reports a 50% increase in global LNG supply by 2030, with the US as the main driver. Analysts predict 2026 marks the end of the oil supply wave, projecting a surplus of 3.85 million bpd. The IEA forecasts a 4,600 GW rise in renewable energy capacity by 2030, primarily from solar.
Key stocks include Eaton, expected to benefit from liquid cooling solutions, with a current share price of $318.51 and a target of $408.07. Devon Energy, focused on oil and gas extraction, reported Q3 production at 390,000 bpd and aims for 844,000 BoE per day, with shares at $36.36 and a target of $45.80. BWX Technologies, specializing in nuclear components, saw Q3 revenues rise to $866.3 million, with shares at $172.84 and a target of $223.20.
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