Why These Energy Stocks Are Gaining This Week

Page 9 of 9

1. Brooge Energy Limited (NASDAQ:BROG)

Share Price Gains Between June 5 – June 12: 40.53%

Topping our list of Energy Stocks that are Gaining This Week is Brooge Energy Limited (NASDAQ:BROG), 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) rebounded this week after crashing by over 52% the week before, following the announcement that the company will voluntarily delist from NASDAQ by mid-June, with no intentions to list its shares on any other securities exchange. Brooge expects the last day of the quotation of its shares on NASDAQ to be on or around June 19, 2025.

Brooge Energy Limited (NASDAQ:BROG) has taken this decision after considering several factors, including the absence of an active trading market for the company’s securities, the resources and expenses associated with maintaining SEC and Nasdaq reporting requirements, and the regulatory burdens that have led to significant operating expenses and management focus.

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.

READ NEXT: 10 Cheap Energy Stocks to Buy Now and 15 Best Large Cap Energy Stocks to Buy According to Hedge Funds

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9