ProFrac Holding Corp. (NASDAQ:ACDC) was among the energy stocks that gained the most this week. In this article, we are going discuss why the stock surged so much.
Oil and gas workers operating high horsepower pumps on a hydraulic fracturing site.
Profrac Holding Corp (NASDAQ:ACDC)
Share Price Gains Between May 7 – May 14: 45.73%
ProFrac Holding Corp. is a technology-focused energy services company operating in the United States.
The stock of ProFrac Holding Corp. received a massive boost after posting its Q1 2025 results last week, with revenue increasing 32% and Adjusted EBITDA increasing 83% versus fourth quarter 2024. The company’s net loss also came in at $15 million, compared to a net loss of $102 million in Q4 2024. Moreover, ACDC’s EPS of -$0.09 managed to beat expectations by a significant $0.23, while its revenue of $600.3 million also topped estimates by $104.6 million.
However, despite the recent surge, the share price of ProFrac Holding Corp. has fallen by over 25% so far this year.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Hedge Fund Resource Center