SoFi Technologies
This is a meme stock trader favorite. SoFi Technologies Inc. (NASDAQ: SOFI) provides digital financial services, and it took the SPAC route for its initial public offering back in June of 2021.
The company’s financial services allow its members to borrow, save, spend, invest and protect their money. The company offers student loans, personal loans for debt consolidation and home improvement projects, and home loans.
SoFi also provides cash management, investment and other related services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions, and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.
Last month, BofA Securities upgraded SoFi Technologies stock to Buy with a $9 price target. The consensus target is $8.38, and shares traded at $5.10 on Friday.
Southwestern Energy
This stock has broken out and could be ready to run. Southwestern Energy Company (NYSE: SWN) an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States.
It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.
As of December 31, 2021, it had approximately 768,050 net acres in Appalachia; a total of 1,527 wells on production; and approximately proved natural gas, oil, and NGLs reserves comprising 21,148 billion cubic feet of natural gas equivalent (Bcfe).
Southwestern Energy also engages in the marketing and transportation of natural gas, oil, and NGLs. The company serves LNG exporters, energy companies, utilities, and industrial purchasers of natural gas.
This past week, Truist Financial raised its rating to Buy and boosted its target price to $11. The consensus target is $11.49. Southwestern Energy stock traded on Friday at $6.90 a share.
TechnipFMC
This is a solid small-cap energy play for investors looking for a European angle. TechnipFMC PLC (NYSE: FTI) engages in the oil and gas projects, technologies and systems and services businesses in Europe, North and Latin America, Africa, and elsewhere.
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