Why These Energy Stocks are Gaining This Week

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In this article, we are going to discuss the energy stocks that are gaining this week.

Solar energy stocks were among the biggest gainers this week after the U.S. Congress passed President Trump’s sweeping tax and spending bill shortly after legislators stripped it of a last-minute excise tax on renewable energy projects. Moreover, while the final version of the bill phases out clean electricity investment and production tax credits for wind and solar sooner than expected, the phase-down is more gradual than in the earlier drafts.

That said, the real winners are the oil, coal, and natural gas industries, since the legislation opened up vast tracts of federal land and waters to drilling, in addition to slashing royalties for producers.

Why These Energy Stocks are Gaining This Week

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 June 26 and July 3, 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. enCore Energy Corp. (NASDAQ:EU)

Share Price Gains Between June 26 – July 3: 8.12%

enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States.

enCore Energy Corp. (NASDAQ:EU) received a massive boost last month after the company revealed record uranium extraction rates at its Alta Mesa In-Situ Recovery Uranium Central Processing Plant since commencing operations in June 2024.

The stock continued to surge this week after it was announced that enCore Energy Corp. (NASDAQ:EU) and Boss Energy had amended their Uranium Loan Agreement. Under the terms of the deal, Boss will extend the repayment date of its existing loan to enCore to December 27, 2025, and will also provide a new additional cash facility of $3.6 million.

enCore Energy Corp. (NASDAQ:EU) has also received support from the increasing price of uranium, which has surged by more than 10% over the last three weeks.

9. Nabors Industries Ltd. (NYSE:NBR)

Share Price Gains Between June 26 – July 3: 10.61%

With operations in approximately 20 countries, Nabors Industries Ltd. (NYSE:NBR) is a leading provider of advanced technology for the energy industry.

Nabors Industries Ltd. (NYSE:NBR) shot up this week after Susquehanna analyst Charles Minervino raised the stock’s price target from $29 to $32, while maintaining a ‘Neutral’ rating on its shares.

Despite the recent uptick, the share price of Nabors Industries Ltd. (NYSE:NBR) has fallen by over 48% since the beginning of 2025.

That said, Nabors Industries Ltd. (NYSE:NBR) beat expectations in both earnings and revenue in its Q1 2025. The company also completed the acquisition of Parker Wellbore earlier this year, bolstering its portfolio with complementary businesses.

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