Here is Why Ultrapar Participações (UGP) Fell This Week

The share price of Ultrapar Participações S.A. (NYSE:UGP) fell by 8.04% between December 3 and December 10, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Here is Why Ultrapar Participações (UGP) Fell This Week

Ultrapar Participações S.A. (NYSE: UGP), through its subsidiaries, operates in the energy, mobility, and infrastructure sectors in Brazil.

Ultrapar Participações S.A. (NYSE:UGP) was among the Brazilian stocks that fell on December 5 after it was reported that former President Jair Bolsonaro intends to back his son, Senator Flavio Bolsonaro, in the presidential elections next October. The report was confirmed by the senator himself in a social media post, and also by the head of Bolsonaro’s right-wing Liberal Party. The news caused a slump in the Brazilian market, with the country’s benchmark stock index, Bovespa, falling by over 4.3%, as investors had hoped that Bolsonaro would nominate a more market-friendly candidate with executive experience, such as São Paulo Governor Tarcisio de Freitas.

In other news, according to the latest figures from the statistics agency IBGE earlier this month, Brazil’s economy experienced slower-than-expected growth in the third quarter as high interest rates weighed on services and consumer spending, setting the stage for an easing early next year.

While we acknowledge the potential of UGP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UGP and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Retirement Stock Portfolio: 11 Energy Stocks to Buy and 14 Best Utility Dividend Stocks to Buy Now.

Disclosure: None.