12 Best ADR Stocks To Invest In According to Analysts

7. TotalEnergies SE (NYSE:TTE)

Upside Potential: 31.99%

TotalEnergies SE (NYSE:TTE) is a French multinational energy company engaged in oil and gas exploration, refining, and marketing, as well as renewables and electricity. The company makes money from its integrated energy business, including crude oil production, natural gas, petrochemicals, and renewable energy solutions. With a presence in over 120 countries, TotalEnergies SE (NYSE:TTE) is one of the largest energy companies in the world, serving a diverse range of clients including governments, industries, and individuals.

TotalEnergies SE’s (NYSE:TTE) hydrocarbons segment, which accounts for a significant portion of its revenue, has a robust portfolio of upstream projects that are expected to drive growth in the coming years. The company has set a target to increase its hydrocarbon production by 3% per annum until 2030, driven by six major oil and gas projects that have been sanctioned in 2024, including the GranMorgu project in Suriname, which has estimated recoverable oil reserves of over 750 million barrels.

TotalEnergies SE’s (NYSE:TTE) integrated LNG segment is also expected to contribute to growth, with several medium-term sales contracts signed in Asia, bringing the total Asian LNG contracts signed to 4 million tons for the nine months ended on September 30. In addition to its hydrocarbons segment, TotalEnergies SE (NYSE:TTE) is also investing heavily in renewable energy, with a target to reach 35% of its electricity generation from renewables by 2025. The company has made significant progress in this area, with the startup of two giant solar farms in the US and partnerships with companies such as Adani in India and RWE in Germany and the Netherlands.