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Sept. 23, 2022, 12:56 p.m. EDT

Top Stocks To Invest In Today? 3 Energy Stocks For Your Watchlist

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Sep 23, 2022 (StockMarket.com via COMTEX) -- Energy stocks are a type of equity securities that are issued by companies that are involved in the energy industry. Generally, energy stocks generally fall into one of three categories: oil stocks, gas stocks, or renewable energy stocks. First, oil stocks represent companies involved in the exploration, production, refining, or marketing of crude oil and petroleum products. Next, natural gas stocks represent companies involved in the exploration, production, refining, or marketing of natural gas and related products.

Lastly, renewable energy stocks represent companies involved in the development or production of solar, wind or other forms of renewable energy. For example, this would include companies like First Solar Inc. ( NASDAQ: FSLR ), and NextEra Energy ( NYSE: NEE ) to name a couple.

Moreover, energy stocks typically offer high dividend yields and are considered to be relatively volatile. For these reasons, energy stocks are often favored by investors who are looking for high returns. If this has you interested in looking at the energy sector, here are three energy companies for your stock market watchlist today.

Energy Stocks To Watch Right Now

1. Enphase Energy (ENPH)

First up, Enphase Energy (ENPH) is a multinational energy technology company. In brief, Enphase Energy delivers smart, easy-to-use solutions that manage solar generation, storage, and communication from one platform. Additionally, the company's microinverter technology mainly serves the rooftop solar market and produces a fully integrated solar-plus-storage solution.

In July, Enphase reported better-than-estimated second quarter 2022 financial results. In the report, Enphase notched in earnings per share of $1.07, along with revenue of $530.2 million for the 2nd quarter of 2022. This is versus Wall Street's consensus estimates, which were earnings of $0.82 per share, with revenue of $504.0 million. In addition to that. the company also announced updated guidance for the third quarter of 2022. Specifically, Enphase said it estimates revenue for the third quarter of $590 million to $630 million.

Separate from that, Enphase's President and CEO, Badri Kothandaraman had this to say about the quarter, "Our microinverter shipments were up 18%, compared to the first quarter of 2022. Our IQ Battery shipments were up 10%, compared to the first quarter of 2022. Our quarterly revenue in the second quarter of 2022 was driven by strong demand for Enphase Energy Systems, powered by IQ(R) Microinverters and IQ Batteries. IQ8(TM) Microinverters constituted 37% of all our microinverter shipments during the second quarter."

Meanwhile, so far in 2022 shares of ENPH stock are up over 48% as of Friday's trading session at $274.38 per share. With that in mind, will you be keeping Enphase Energy on watch today?

[Read More] 4 High Yield Dividend Stocks To Watch Amid The FOMC Meeting

2. ConocoPhillips (COP)

Next, ConocoPhillips (COP) is an American multinational energy corporation. For starters, the company is one of the world's largest independent energy companies, with operations in more than 30 countries. Specifically, the company is engaged in the exploration, production, marketing, and transportation of oil and natural gas. As well as the manufacture and sale of petrochemicals.

On Thursday this week, the company announced it will announce its third-quarter earnings conference call on November 3rd, 2022. In the meantime, let's recap how ConocoPhillips performed in its most recent second quarter 2022 financial report.

In the second quarter of 2022, the company reported earnings of $3.91 per share and revenue of $22 billion. This came in higher than analysts' estimates were earnings of $3.78 per share, and revenue of $17.2 billion for Q2 2022. The revenue figures from Q2 2022 reflect a 115.3% increase during the same period, in 2021. Additionally, ConocoPhillips announced a $5 billion increase in the estimated 2022 return on capital to its shareholders.

Shares of COP stock have outperformed the broader markets so far in 2022, as they have experienced an increase of over 36%. During Friday's lunchtime trading session, COP stock is trading down over 8% at $100.70 per share. All in all, could now be the right time to keep ConocoPhillips on your radar?

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