Why PBF Energy Inc. (PBF) Soared on Monday

We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where PBF Energy Inc. (NYSE:PBF) stands against other Monday’s best performers.

The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump’s tariff policies.

The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent.

Over the weekend, Trump told reporters that the US was negotiating with many countries, “but at the end of this, I’ll set my own deals — because I set the deal, they don’t set the deal.”

He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world’s largest economies.

Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday’s 10 best performers and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

Aerial view of an oil refinery, with smoke billowing from its chimneys.

PBF Energy Inc. (NYSE:PBF)

PBF Energy, an oil refining company, saw its share prices rally by 5.19 percent on Monday to end at $18.44 apiece as investors cheered the company’s cost-saving measures to achieve profitability.

In its latest earnings release, PBF Energy Inc. (NYSE:PBF) said it expects to save more than $200 million of annualized, run-rate sustainable cost savings by year-end 2025.

“Since then, we have generated over 500 cost savings ideas through more than 40 idea generation sessions. Our teams are building out these ideas with actionable, quantifiable, and measurable plans,” the company said.

As a result of the ongoing measures, PBF Energy Inc. (NYSE:PBF) is now programming between $750 million and $775 million in capital expenditures. The amount excludes the costs to restore the fire damage to the Martinez Refinery last February.

In the first quarter of the year, PBF Energy Inc. (NYSE:PBF) swung to an attributable net loss of $401.8 million from a net income of $106.6 million in the same period last year. Revenues declined by 18 percent to $7.07 billion from $8.64 billion year-on-year.

Overall, PBF ranks 5th on our list of Monday’s best performers. While we acknowledge the potential of PBF as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PBF but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.