5 Best Performing Energy Stocks in 2023

4. Profire Energy, Inc. (NASDAQ:PFIE)

Year To Date Share Price Gains: 113.68%

Profire Energy, Inc. (NASDAQ:PFIE) is a small American company that specializes in providing burners to the oil and gas industry. The firm’s second quarter earnings saw it report $14.4 million in revenue for a 50% annual growth, and the stock is rated Buy on average.

Insider Monkey scoured through 910 hedge fund holdings for 2023’s second quarter and found that four had held a stake in Profire Energy, Inc. (NASDAQ:PFIE). The firm’s biggest hedge fund investor is Chuck Royce’s Royce & Associates as it owns $2.5 million worth of shares.

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