Why These Energy Stocks are Gaining This Week

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1. ProPetro Holding Corp. (NYSE:PUMP)

Share Price Gains Between Oct 24 – Oct 31: 64.5%

Topping our list of Energy Stocks that Gained the Most This Week is ProPetro Holding Corp. (NYSE:PUMP)—an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services.

ProPetro Holding Corp. (NYSE:PUMP) jumped to a 2-year high on October 29 when the company announced better-than-expected results for Q3 2025, topping forecasts in both earnings and revenue. Though the company’s revenue of around $294 million was down 10% QoQ, it still managed to significantly decrease its net loss to $2 million from $7 million in the prior quarter.

ProPetro Holding Corp. (NYSE:PUMP) also received a boost on October 27 when the company announced that its PROPWR energy division had signed a long-term contract to supply 60 MW of power to a leading hyperscaler data center in the Midwest. According to the company, the deal ‘establishes a commercial relationship and strategic alignment with one of the industry’s largest data infrastructure players’.

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

READ NEXT: 12 Best Utility Stocks to Buy for Dividends and 12 Best LNG Stocks to Buy According to Hedge Funds.

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