15 Energy Infrastructure Stocks That Are Skyrocketing

4. Enerflex Ltd. (NYSE:EFXT)

Returns in Past 6 Months: 90.38%

Number of Hedge Fund Investors: 12

Enerflex Ltd. (NYSE:EFXT) is a leading provider of energy infrastructure and energy transition solutions, offering a diverse range of products and services to the global energy industry. The company operates in several key markets, including the United States, Latin America, and the Middle East, and is focused on delivering innovative and reliable customized energy infrastructure solutions to its customers.

Over the last six months, Enerflex Ltd.’s (NYSE:EFXT) stock price has increased significantly, driven by the company’s strong operational performance and growth opportunities in the energy infrastructure and energy transition solutions markets. The company is experiencing robust demand for its energy infrastructure and energy transition solutions, driven by the increasing need for natural gas compression equipment, the growing emphasis on low-emissions natural gas, and the focus on decarbonization. At the same time, supply within this sector has become increasingly consolidated, with three major public companies dominating the market. This consolidation has resulted in improved revenue and more favorable contract terms for companies such as Enerflex Ltd. (NYSE:EFXT).

Another factor that has contributed to the increase in Enerflex Ltd.’s (NYSE:EFXT) stock price is the company’s disciplined approach to capital allocation. In Q3, the company reduced its net debt to $692 million, within its target leverage range of 1.5x to 2.0x. This approach has allowed Enerflex Ltd. (NYSE:EFXT) to increase its quarterly dividend by 50%.