Why These Energy Stocks are Gaining This Week

5. Berry Corporation (NASDAQ:BRY)

Share Price Gains Between Sep 9 – Sep 16: 25.16%

Next on our list of Energy Stocks that Gained the Most This Week is Berry Corporation (NASDAQ:BRY), an independent energy company that engages in the acquisition, development, and production of domestic oil and gas reserves primarily in California and Utah.

Berry Corporation (NASDAQ:BRY) rallied this week following reports that the company is set to merge with California Resources in an all-stock deal valuing Berry at approximately $717 million, including debt. The announcement comes just days after lawmakers in California passed a bill to boost oil drilling in Kern County.

The transaction is expected to close in the first quarter of 2026, with California Resources shareholders owning about 94% of the combined company.