Ten stocks kicked off trading in the first day of the month in a sour note, recording hefty losses amid an overall market pessimism and key macroeconomic factors dampening investing appetite.
The stocks dropped alongside the broader market, led by the Dow Jones which fell by 0.90 percent, followed by the S&P 500 which dropped by 0.53 percent, and the Nasdaq, shedding 0.38 percent.
In this article, we name the 10 worst-performing firms on Monday and break down the reasons behind their decline.
To come up with the list, we focused exclusively on companies with a $2 billion market capitalization and at least 5 million shares in trading volume.
Source: Pexels
10. Venture Global Inc. (NYSE:VG)
Venture Global fell hard on Monday to nearly hit its 52-week low, as investors resorted to profit-taking following two straight days of gains.
The stock capped the day off shedding 7.91 percent at $6.87 apiece—just 13 cents shy of its lowest 52-week price of $6.72, also mimicking the drop on Wall Street’s main indices following a recent holiday boost.
Likewise, investors appeared to have already priced in Venture Global Inc.’s (NYSE:VG) announcement last week that it secured a new sales purchase agreement (SPA) with Tokyo Gas Co. Ltd. for the supply of 1 million tons per annum of liquefied natural gas for 20 years. The agreement is slated to begin in 2030.
Venture Global Inc.’s (NYSE:VG) recent deal brought its total SPA in just the last six months to 7.75 million tons per annum, following its earlier inked deals with Mitsui & Co., Ltd., See LNG Trade SA, Naturgy, Petronas, and Securing Energy for Europe (SEFE) GmbH.
“With nearly 8 MTPA (million tons per annum) of new long-term commitments signed this year, Venture Global is pleased to build on our commercial momentum through this new partnership with Tokyo Gas,” said Venture Global Inc. (NYSE:VG) CEO Mike Sabel.
“Tokyo Gas is a pioneer in the LNG industry and leading provider of natural gas to Japan, and we look forward to working with them as we grow our position as a top LNG supplier to Japan. This agreement will contribute significantly to the US-Japan balance of trade over the duration of the SPA, providing Japan with affordable, reliable American LNG,” he noted.
9. Rigetti Computing, Inc. (NASDAQ:RGTI)
Rigetti Computing dropped its share prices by 8.27 percent on Monday to close at $23.45 apiece, mimicking an overall market pessimism following the recent holiday rush.
Additionally, investors unloaded portfolios amid the company’s lack of positive developments to bolster buying appetite.
Early last month, Rigetti Computing, Inc. (NASDAQ:RGTI) announced its earnings performance in the third quarter of the year, where it widened its net loss by 1,257 percent to $200.97 million from $14.8 million in the same period last year.
Revenues dropped by 18 percent to $1.9 million from $2.38 million year-on-year.
Despite the dismal results, Rigetti Computing, Inc. (NASDAQ:RGTI) said that it saw strong momentum with both demand for on-premises quantum computers and collaborations on research and developments during the past quarter.
On the technology front, Rigetti Computing, Inc. (NASDAQ:RGTI) remains on track to deploy by the end of 2026 its 150+ qubit system with an anticipated 99.7 percent median two-qubit gate fidelity; as well as its 1,000+ qubit system with an expected median two-qubit gate fidelity of 99.8 percent by 2027.
8. Sunrun Inc. (NASDAQ:RUN)
Sunrun fell by 8.40 percent on Monday to close at $18.55 apiece as investors resorted to profit-taking following five straight days of gains, while unloading positions ahead of the looming deadline for tax credits on clean energy investments.
At present, solar customers are enjoying as much as 30 percent tax credits from the government, a subsidy which will expire on December 31, 2025 as stated under the provisions of the One Big Beautiful Bill Act which President Donald Trump signed into law in July this year.
Analysts have earlier projected that the looming deadline could prop up solar companies’ earnings performance in the second half of 2025 on expectations that customers would scramble to get installations completed prior to the deadline. Thereafter, earnings are expected to dwindle as solar installations decline.
In other developments, sentiment for Sunrun Inc. (NASDAQ:RUN) was further dampened by earlier reports that one of its solar peers—PosiGen, officially filed for bankruptcy following the Trump administration’s cuts to solar tax credits.
Sunrun Inc. (NASDAQ:RUN) is one of the largest solar companies in the US. In the third quarter of the year, the company swung to a net income attributable to shareholders of $16.6 million from an attributable net loss of $83.77 million. Revenues grew by 34.8 percent to $724 million from $537 million year-on-year, propped up by higher solar energy systems and product sales.
7. Bloom Energy Corporation (NYSE:BE)
Bloom Energy dropped its share prices by 9.44 percent on Monday to end at $98.93 apiece, mirroring an overall market sentiment following a recent holiday rush.
Investors also unloaded portfolios while waiting on the sidelines for more leads to spark buying appetite.
In other recent news, Bloom Energy Corp. (NYSE:BE) reported a dismal earnings performance in the third quarter of the year, having widened its net loss attributable to shareholders by 56 percent to $23 million from $14.7 million year-on-year.
Revenues, on the other hand, grew by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.
Despite the mixed results, Bloom Energy Corporation (NYSE:BE) remained optimistic about its business outlook amid “powerful tailwinds” including the surging demand for electricity driven by AI and nation-state priorities, among others.
Earlier, Bloom Energy Corp. (NYSE:BE) successfully raised $2.2 billion in fresh funds from the issuance of convertible senior notes due 2030, proceeds of which will be used for manufacturing expansion, research and development, and other general corporate purposes. The notes will mature on November 15, 2030, unless earlier repurchased, redeemed or converted.
6. Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
Eos Energy fell by 9.69 percent on Monday to finish at $13.60 apiece as investors resorted to profit-taking following four straight days of rally, while unloading portfolios ahead of the looming deadline for residential clean energy tax credits.
Similar to solar companies, Eos Energy Enterprises, Inc.’s (NASDAQ:EOSE) battery business is expected to take a beating from the December 31 deadline for 30 percent tax credits which are currently being enjoyed by residential customers.
Under the provisions of the One Big Beautiful Bill Act, customers would only be able to enjoy the subsidy for battery storage systems installed by December 31.
Earlier this year, analysts said that the tax credit expiration would help prop up sales of clean energy companies in the second half of the year, as customers scramble to get their installations completed by the deadline. Thereafter, firms are expected to hurt from lower sales.
In the third quarter of the year, Eos Energy Enterprises, Inc. (NASDAQ:EOSE) said that it widened its net loss attributable to shareholders by 87 percent to $641.39 million from $342.87 million in the same period last year, primarily due to a $572.3 million cumulative non-cash impact from the changes in fair value tied to mark-to-market adjustments.
Revenues, on the other hand, soared by 3,472 percent to $30.51 million from only $854,000 in the same period last year, primarily driven by production efficiencies.
5. NuScale Power Corporation (NYSE:SMR)
NuScale Power declined for a second day on Monday, shedding 9.60 percent to close at $18.08 apiece, with sentiment dampened by an overall market sell-off following the recent holiday boost.
Additionally, investors went in a wait-and-see mode amid the lack of fresh catalysts to fuel buying appetite.
NuScale Power Corporation (NYSE:SMR) is engaged in providing small modular reactor (SMR) nuclear technologies to customers. In the third quarter of the year, the company booked $8.2 million in revenues, a marked jump from only $500,000 in the same period last year, primarily driven by higher fees from services provided in relation to the RoPower project.
Despite market optimism for energy companies amid the AI boom, NuScale Power Corporation (NYSE:SMR) earned a “sell” recommendation from investment firm Citigroup, with a price target of $37.50, amid a flurry of negative catalysts, including Fluor Corp.’s sale of its own interest and cutthroat competition, among others. The price target, however, marks a 107.4 percent upside potential from its latest closing price.
According to Citi, NuScale Power Corp.’s (NYSE:SMR) current valuation reflects the latter’s capability to build around 16 GW of reactors by 2040, despite total installation in the US expected at only 56 GW.
This means that optimism for such level of market share appears “too high,” especially as NuScale Power Corp. (NYSE:SMR) is yet to have any confirmed customer.
4. TMC the metals company Inc. (NASDAQ:TMC)
TMC the metals company finished 9.70 percent lower on Monday at $6.28 apiece as investors resorted to profit-taking following four straight days of rally.
The recent boost was driven by copper hitting a new record high amid tighter supply and a weaker US dollar.
TMC the metals company Inc. (NASDAQ:TMC) is a Canada-based deep-sea mining exploration company focusing on nickel, copper, cobalt, and manganese nodules in the Clarion Clipperton Zone.
Despite being a Canadian firm, TMC the metals company Inc. (NASDAQ:TMC)—through its US subsidiary—submitted its interest with the US government earlier this year to engage in deep-sea mining in the international seabed.
In recent news, the company reported a dismal earnings performance in the third quarter of the year, having widened its net loss and comprehensive loss by 800 percent to $189.39 million from $20.5 million in the same period last year.
Operating loss expanded by 177 percent to $55.36 million from $19.96 million year-on-year, dragged by non-cash and non-recurring items, including share-based compensation impacted by one-time grants, fair value changes in the royalty and warrant liabilities, and the recognition of warrant costs associated with updated sponsorship agreements.
3. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
SolarEdge fell by 9.88 percent on Monday to finish at $32.92 apiece as investors unloaded positions amid the looming deadline for clean energy tax credits.
Currently, residential customers are enjoying as much as 30 percent tax credits from the government, a subsidy which will expire on December 31, 2025 as stated under the provisions of the One Big Beautiful Bill Act which President Donald Trump signed into law in July this year.
Analysts have earlier projected that the looming deadline could prop up sales of clean energy firms in the second half of 2025 on expectations that customers would scramble to get installations done prior to the deadline. Thereafter, earnings are expected to dwindle on expectations of lower solar installation sales.
In other news, SolarEdge Technologies, Inc. (NASDAQ:SEDG) announced that it successfully installed in Germany its CSS-OD storage system—its advanced energy storage solution designed for commercial and industrial facilities.
Following the launch, SolarEdge Technologies, Inc. (NASDAQ:SEDG) said that it received more than 150 orders equivalent to 15 MWh, reflecting strong demand from PV installers seeking to add energy storage services.
“The market response to the CSS-OD has been exciting, creating a strong new revenue stream that taps into our leading C&I solar business. With many countries in Europe shifting away from net metering and becoming self-consumption markets, the commercial storage segment is steadily growing,” said SolarEdge Technologies, Inc. (NASDAQ:SEDG) Chief Commercial Officer Naama Ohana.
2. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR)
Bitmine saw its share prices decline by 12.62 percent on Monday to close at $28.94 apiece as investor sentiment was dampened by Ethereum’s drop in prices on the same day.
As of writing, Ethereum was down by 0.11 percent at $2,797.23 apiece, mirroring an overall market sentiment amid a selloff from the previous week’s rally.
Also on Monday, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) announced that it raised anew its ownership in Ethereum through the acquisition of 96,798 additional ETH tokens last week, bringing its total ownership in the cryptocurrency to 3,726,499. Its holdings bear an average price of $3,008 apiece, based on Coinbase’s latest data.
According to Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR), it has successfully achieved its target of owning at least 3 percent of the cryptocurrency’s total market supply.
Apart from Ethereum, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) also owns 192 Bitcoins, and holds a $36 million stake in Eightco Holdings, which invests in Worldcoins.
“As we look ahead to December, the Fusaka upgrade, aka Fulu-Osaka, is scheduled for activation December 3rd and delivers an array of improvements in scalability, enhanced security, and usability. The Federal Reserve is taking several key steps in December including ending QT (quantitative tightening) and is expected to cut interest rates again on December 10th. We are now more than 7 weeks past the October 10th liquidation shock event, meaning the crypto market has found its bearings again,” said Chairman Thomas Lee.
“Collectively, we see these acting as positive tailwinds for ETH prices and thus, we stepped up our weekly purchases of ETH by 39 percent,” he noted.
1. American Bitcoin Corp (NASDAQ:ABTC)
American Bitcoin Corp (NASDAQ:ABTC) fell by 15.57 percent on Monday to finish at $3.58 apiece as investors took path from its major asset’s decline on the same day.
On Monday alone, Bitcoin shed 0.058 percent to hover around the $86,000 level. Its current value marked a 21.6 percent fall from the $110,000 territory in just the past 30 trading days.
In other recent news, American Bitcoin Corp (NASDAQ:ABTC) swung to a net profit of $3.47 million from a $576 million net loss in the same period last year. Revenues soared by 453 percent to $64.22 million from only $11.61 million year-on-year.
“The third quarter validated the thesis behind American Bitcoin,” said American Bitcoin Corp (NASDAQ:ABTC) Chief Strategy Officer and co-founder Eric Trump.
“While others paid spot, we generated Bitcoin below market through scalable, asset-light mining operations. Coupled with disciplined at-market purchases, we added more than 3,000 Bitcoin to our reserve. This dual strategy is how we intend to compound value for our shareholders and solidify our position as a capital-efficient platform for long-term Bitcoin accumulation,” he noted.
American Bitcoin Corp. (NASDAQ:ABTC) is a Bitcoin accumulation platform and is majority owned by listed firm Hut 8 Corp.
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