Bloomberg Intelligence: 10 company stocks to watch in 2022 (2)

The analysts at Bloomberg Intelligence have identified several worth watching carefully in the year ahead. Here's how they say about the 10 stocks.

This might finally be the year for FedEx Corp., which has significantly underperformed United Parcel Service Inc. and Deutsche Post AG over the past half-decade. Network changes, technology integration, and—finally—benefits from its 2016 acquisition of Dutch courier TNT Express stand to boost its shares. —Lee Klaskow

The days of expensive solar energy are a distant memory, with the technology now the most cost-competitive for electric power. A double-digit demand-growth outlook for solar in 2022-23 bodes well for the largest U.S. panel maker, First Solar Inc., which is investing aggressively at home and in India to more than double manufacturing capacity. As the company ramps up production from new facilities, revenue could surge by more than $1 billion in the next two years to a consensus-topping $4.2 billion in 2023.

First Solar recently disclosed its biggest order ever, from BP and Lightsource BP—which is partly owned by the oil major—equivalent to more than 1.5 years of output from its new factory in Ohio. —Rob Barnett

Among global metals miners, Australia's third-largest iron ore exporter is a leading advocate of zero-carbon emissions, but profit pressure threatens its green project designs. Rivals have flooded the market, costs have soared, and investors are likely to hold Fortescue Metals Group Ltd. more accountable for hydroelectric dams and renewable energy projects proposed in tropical forests. —Craig Campbell

With as much as $550 million of added manufacturing capacity due to come online this year, Freshpet Inc. is in the catbird seat to take a bigger share of the $7.3 billion market for natural pet foods. The maker of refrigerated chow for cats and dogs has the potential to reach 11 million customers—almost quadrupling its U.S. share to 19%—and beat a $1.25 billion sales goal by 2023, two years ahead of plan. —Diana Rosero-Pena

The U.S. carmaker may see a $16 billion revenue boost in 2022, with the expected easing of an automotive semiconductor shortage allowing General Motors Co. to top up vehicle inventory at North American dealers. The replenishing of lots, along with relentless cost-cutting and the potential IPO of its self-driving unit, Cruise, could position GM's debt securities better than its peers' this year. —Joel Levington

After Covid-19 obliterated two years of exponential growth, Southeast Asia's ride-hailing giant—with 70% market share—is on the road to a full recovery as vaccination rates rise. Money from a U.S. IPO could give Grab Holdings Ltd. the pole position against rivals GoTo Group and Sea. Each one is racing to diversify revenue and become a "super app" offering food and grocery delivery and financial services. —Nathan Naidu

Earnings for Hong Kong Exchanges & Clearing Ltd., the city's only securities and derivatives exchange, are highly dependent on IPOs and could miss expectations after China tightened rules on overseas stock listings. A regulatory crackdown and slowing economic growth may continue to delay new listings in Hong Kong, and tech unicorns—startups with a value greater than $1 billion—face the prospect of lengthy cybersecurity reviews by Chinese officials. —Sharnie Wong

The Chinese hotelier took advantage of the pandemic to increase its room supply by a quarter, positioning it for a swift rebound as the travel sector recovers. Operating profit is on track to jump 70% in 2022 from 2019 as Huazhu Group Ltd. expands its property holdings by 60%, to 9,000, by yearend. —Angela Hanlee

There's nothing "leisurely" about the athleisure pioneer's growth, as it reaches 2023 revenue goals two years ahead of schedule. Lululemon Athletica Inc.'s clothing and immersive in-store events remain a big hit. The Mirror home gym as well as shoes and self-care lines open avenues to leave analysts' targets in the dust. —Poonam Goyal

The streaming pioneer's bonds are likely rising stars for 2022, as Netflix Inc. could be raised to investment grade on subscriber gains and stronger finances, better reflecting its increasing share price and market value. Lower borrowing costs would help the company battle the likes of Amazon.com Inc. and Walt Disney Co. for new customers. —Stephen Flynn