Why These Energy Stocks Are Gaining This Week

1. Brooge Energy Limited (NASDAQ:BROG)

Share Price Gains Between May 14 – May 21: 32.33%

Brooge Energy Limited (NASDAQ:BROG) is the parent company of Brooge Petroleum and Gas Investment Company FZE, which operates as a midstream oil storage and service provider out of the Emirate of Fujairah in the United Arab Emirates.

Brooge Energy Limited (NASDAQ:BROG) received a massive boost, most likely due to investors reacting positively to President Trump’s visit to the U.A.E. last week. The highly successful event marked the beginning of a new chapter of energy ties between the United States and its Middle Eastern ally, with the two countries pledging to invest billions of dollars into each other’s energy sectors. American energy giants. The U.A.E. announced plans to raise its energy investments in the United States to $440 billion by 2035, while the American energy giants made commitments of new investments worth $60 billion in the upstream oil and gas sector, as well as new and unconventional opportunities, in the Middle Eastern country.

While we acknowledge the potential of BROG to grow, 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 BROG and that has 100x upside potential, check out our report about this cheapest AI stock.

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