Why These Energy Stocks Are Gaining This Week

3. Profrac Holding Corp (NASDAQ:ACDC)

Share Price Gains Between May 14 – May 21: 6.5%

ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States.

The share price of ProFrac Holding Corp. (NASDAQ:ACDC) continues to surge after the company posted strong results for its Q1 2025 this month, with revenue increasing 32% and Adjusted EBITDA increasing 83% compared to the fourth quarter of 2024. Profrac’s net loss also decreased significantly by 85.3% from the previous quarter, coming in at $15 million. As a result, the company’s EPS of -$0.09 topped expectations by $0.23, while its revenue of $600.3 million also beat estimates by $104.6 million. Moreover, ACDC recently announced the sale of power generation assets and related intellectual property to Flotek for $105 million. Flotek concurrently entered into an agreement for a six-year dry lease of the acquired assets with Profrac.

After the recent surge, ACDC has gained by more than 40% over the last 30 days.