Why These Energy Stocks are Gaining This Week

Page 9 of 9

1. Toro Corp. (NASDAQ:TORO)

Share Price Gains Between Nov. 28 and Dec. 5: 45.36%

Topping our list of Energy Stocks that Gained the Most This Week is Toro Corp. (NASDAQ:TORO). It is a growth-oriented shipping company that acquires, owns, charters, and operates oceangoing vessels, and provides worldwide seaborne energy transportation services.

Toro Corp. (NASDAQ:TORO) soared on December 5 when the company announced a one-time special dividend of $1.75 per share to shareholders of record as of December 16, payable on January 16, 2025.

The payout follows the announcement of Toro Corp. (NASDAQ:TORO)’s third-quarter results, with the company’s revenue surging by 1.9% YoY to $5.4 million, driven by higher contractual hire rates for its LPG carrier vessels. Net income also grew by 30% YoY to $1.3 million, while EPS from continuing operations came in at $0.01, against a loss of $0.01 per share in the same period last year.

Following the latest gains, the share price of Toro Corp. (NASDAQ:TORO) has surged by over 1,000% since the beginning of 2025.

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

READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 14 Best Utility Dividend Stocks to Buy Now.

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