In this article, we are going to discuss energy stocks that are gaining this week.
The ongoing artificial intelligence boom is set to transform the global energy sector. According to a recent report by the International Energy Agency, electricity demand from data centers worldwide is set to more than double by 2030 to around 945 terawatt-hours (TWh), slightly more than the entire electricity consumption of Japan today. Moreover, while the American big-tech has kept its focus on renewable energy over the last decade to reduce its carbon footprint, the sector is now also opening up to fossil fuels as a viable option to power its data centers.
Natural gas has emerged as a forerunner to power the AI boom, since it is relatively clean, reliable, and abundant. However, gas prices aren’t what they used to be, having risen by over 190% since March 2024. Another viable option is nuclear energy, which has gained worldwide attention recently following the CERAWeek conference in March, when several tech giants signed a pledge to support the goal of at least tripling the world’s nuclear energy capacity by 2050.
There have also been fears recently that the power demand required by the ballooning AI industry may have been overestimated, which led to several energy stocks posting significant declines not so long ago. However, the recently reported better-than-expected results from the cloud and AI businesses of some major American tech companies have somewhat eased these concerns.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between April 23 and April 30, 2025. The following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.
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10. Martin Midstream Partners L.P. (NASDAQ:MMLP)
Share Price Gains Between Apr. 23 – Apr. 30: 5.88%
Martin Midstream Partners L.P. (NASDAQ:MMLP) provides specialty services to major and independent oil and gas companies, including refineries, chemical companies, and similar businesses.
The share price of Martin Midstream Partners L.P. (NASDAQ:MMLP) received a boost last week after initially declining following the announcement of its Q1 2025 results. Though the company posted a net loss of $1 million during the quarter, its revenue rose by 6.5% YoY to $192.5 million and topped expectations. MMLP also maintained its quarterly cash distribution of $0.00 per share.
9. Prairie Operating Co. (NASDAQ:PROP)
Share Price Gains Between Apr. 23 – Apr. 30: 7.12%
Prairie Operating Co. (NASDAQ:PROP) is an independent energy company engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States.
Prairie Operating Co. (NASDAQ:PROP) surged this week after Piper Sandler initiated coverage on the stock, with an Overweight rating and a price target of $11. According to the investment firm, PROP is in a unique position to deliver organic oil growth and double-digit CAGR into FY 2026, after aggressively consolidating in the oil window of the northern DJ Basin. Prairie Operating Co. (NASDAQ:PROP) has completed approximately $800 million in transactions from FY 2023 to 2025.
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