Why is Energy Transfer LP (ET) One of the Top Cheap Stocks Under $20 to Buy Now?

Core Viewpoint - Energy Transfer LP (NYSE:ET) is identified as a promising investment opportunity under $20, with a Hold rating and a price target of $19.00 set by Morgan Stanley analyst Robert Kad [1]. Group 1: Company Developments - Energy Transfer LP announced growth in the transportation capacity of the Transwestern Pipeline's Desert Southwest expansion project to meet rising customer demand, driven by positive economic momentum and population growth in New Mexico and Arizona [2]. - The mainline pipeline diameter for the Desert Southwest expansion project will be increased from 42 inches to 48 inches, allowing for a capacity expansion to up to 2.3 billion cubic feet per day, depending on final compression configuration [3]. - The project is expected to benefit from significant demand growth in the Desert Southwest region, including the potential retirement or conversion of coal-fired power plants to natural gas [3]. Group 2: Company Operations - Energy Transfer LP provides natural gas pipeline transmission and transportation services, operating through various segments including Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, and Crude Oil Transportation and Services [4].