10 High Growth Utility Stocks To Invest In

3. Central Puerto (NYSE:CEPU)

5-Year Revenue CAGR: 59.73%  

No of Hedge Fund Investors: 5 

Central Puerto (NYSE:CEPU) is a leading energy company in Argentina and has a generation capacity of 21.4 TWh and a solid market share of 20.13%. In recent years the company has shifted its focus towards renewable energy sources such as solar and wind power.

The recent changes in the Argentinian government’s energy policies are likely to benefit Central Puerto (NYSE:CEPU). The government’s aim to generate 57% of its energy from renewable sources by the end of the decade is a major positive for the company, and the removal of price controls is likely to lead to higher revenues and profits for the company.

Central Puerto (NYSE:CEPU) growth prospects are driven by the increasing demand for power in Argentina. With a growing economy and a growing population, the demand for energy is likely to remain strong. Central Puerto (NYSE:CEPU) is well-positioned to capitalize on this growth, with a strong portfolio of renewable energy sources and a growing market presence. Industry analysts have reached a consensus on the stock’s Buy rating, with an average target price of $13.50 that suggests a 26.41% upside potential from its current levels.