Canada’s benchmark index has continued its upward momentum in 2026, supported largely by robust efficiency within the power and fundamental supplies sectors. These industries have benefited from beneficial commodity costs, which have pushed the index greater.
Notably, inside the broader rally, some particular person TSX shares are doing excess of merely maintaining tempo with the market. A handful of corporations have considerably outperformed the index, pushed by robust income development amid rising demand for his or her services and products. Furthermore, the momentum in these TSX superstars will probably maintain in 2026.
With that background, listed here are the three TSX superstars which can be backed by basically robust companies and have the potential to beat the market in 2026.
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High TSX inventory #1
Cameco (TSX:CCO) is without doubt one of the high TSX superstars to think about now. It is without doubt one of the main beneficiaries of the worldwide shift towards cleaner and extra dependable power sources. The uranium producer’s shares have already gained about 30.5% this yr, but the long-term funding case stays compelling.
Rising electrical energy demand, pushed by the electrification of automobiles, decarbonization, and the fast growth of AI information centres, is strengthening the outlook for nuclear energy and uranium provide.
Cameco owns a few of the world’s highest-grade and lowest-cost uranium reserves, giving it a value benefit by commodity cycles. Its stakes in Westinghouse Electrical Firm and World Laser Enrichment additionally broaden its presence throughout the nuclear gas worth chain and assist its development.
With disciplined manufacturing, long-term contracts, and strategic publicity to rising uranium demand, Cameco seems well-positioned to profit from rising nuclear power demand and ship strong capital beneficial properties.
High TSX inventory #2
MDA House (TSX:MDA) is one other TSX inventory that’s beating the broader market by a large margin in 2026. The corporate focuses on satellite tv for pc methods, robotics, and geointelligence. These are the areas seeing quickly rising world demand.
Shares of this house know-how firm have climbed greater than 61% yr to this point, and momentum could proceed as governments improve spending on defence and house capabilities. By the top of fiscal 2025, MDA House reported a backlog of about $4 billion, providing robust income visibility into 2026 and past. Its alternative pipeline has additionally expanded to roughly $40 billion, together with round $10 billion in initiatives the place the corporate has already been shortlisted by authorities purchasers or the place it expects follow-on work from present prospects.
With demand for house infrastructure and defence capabilities accelerating worldwide, MDA House seems well-positioned for sustained growth. Investments in next-generation house applied sciences, a rising presence in key markets, and strategic acquisitions supported by a strong steadiness sheet ought to assist the corporate preserve worthwhile development within the years forward.
High TSX inventory #3
Enerflex (TSX:EFX) is one other high TSX inventory with potential to ship market-beating returns. The corporate operates throughout the power infrastructure worth chain, designing, manufacturing, putting in, and servicing gear utilized in pure fuel compression, processing, cryogenic methods, and water remedy. This vertically built-in method permits Enerflex to take part in initiatives from preliminary engineering by long-term upkeep, serving to deepen buyer relationships whereas smoothing the consequences of trade cycles.
A significant development engine is the corporate’s Power Infrastructure (EI) phase, which ended This fall with a backlog of $1.3 billion. A robust backlog and long-term contracts are more likely to assist its development.
In the meantime, the Engineered Methods (ES) division continues to point out robust execution, supported by a $1.1 billion backlog on the finish of This fall 2025 and a wholesome pipeline of recent bids. Orders for big compression and gas-processing initiatives within the U.S., significantly within the Permian Basin, are strengthening demand, alongside new long-term partnership agreements with midstream purchasers.
Enerflex can be increasing into electrical energy options tied to information centre development, whereas its high-margin aftermarket providers enterprise provides stability to recurring income. Mixed with robust utilization in its contract compression fleet, these components place the corporate for strong earnings momentum in 2026.
