Gabelli & Company recently released its Best Ideas report for 2016. Here is what analysts had to say about the firm’s top energy and materials stocks. ITC Holdings Corp. ITC Analyst Tim Winter likes ITC’s “above-average earnings and dividend growth potential, low-risk, attractive valuation and takeover appeal.” PNM Resources Inc PNM Winter sees PNM as “a well-managed, conservative regulated utility with above-average growth potential.” UIL Holdings Corporation NYSEUIL Winter argues that “UIL shares trade at a discount to industry peers despite the company’s strong projected earnings growth.” FMC Corp FMC Analyst Rosemarie Morbelli believes that “while 2016 will remain challenging, there should be fewer headwinds, and internal actions should partially offset external negative factors.” Alcoa Inc AA Analyst Justin Bergner sees “significant value when aggregated across the various business assets, with hidden upstream assets relating to cast house and electricity production.” Weatherford International Plc WFT Analyst Simon Wong likes Weatherford’s “attractive set of core businesses (particularly the artificial lift and well construction businesses) that are differentiated and can generate attractive margins when oil prices increase again.”