Bank of America predicts positive outlook for two stocks in the energy sector

With the growing boom in artificial intelligence, which requires a large data center with high-speed computing power and huge databases, the demand for energy is growing. This infrastructure, necessary to support AI technologies, brings with it high energy demands, which translates into increased energy consumption.

Bank of America (BofA) has now identified two natural gas stocks that could grow significantly in the coming years, thanks to the new energy market setup and increased demand.

Gulfport Energy $GPOR

Gulfport Energy is an independent natural gas producer in North America, with active operations in the Marcellus and Utica shelf areas of eastern Ohio and the Oklahoma SCOOP. In the most recent quarter, 3Q24, Gulfport reported average production of 1,057.2 MMcfe per day, 91% of which was from natural gas. The company boasts a solid financial performance, with revenues of $253.9 million and net free cash flow of $72.6 million.

BofA analyst, Noah Hungness, rates GPOR stock as a strong…