Why These Energy Stocks are Gaining This Week

5. Enerflex Ltd. (NYSE:EFXT)

Share Price Gains Between Dec. 5 and Dec. 12: 9.22%

Next on our list of Energy Stocks that Gained this Week is Enerflex Ltd. (NYSE:EFXT), which offers energy infrastructure and energy transition solutions in North America, Latin America, and the Eastern Hemisphere.

On December 9, Raymond James upgraded Enerflex Ltd. (NYSE:EFXT) from ‘Outperform’ to ‘Strong Buy’, while also raising its price target from C$24.5 to C$25. The target represents upside of over 15% from current share price levels and does not account for gains from a Kurdistan resolution or developments in the company’s power vertical business segment.

The analyst views Enerflex Ltd. (NYSE:EFXT) as the strongest risk-reward opportunity in the group, driven by improved operations, a robust balance sheet, and tailwinds from the company’s legacy gas business.

In other news, Enerflex Ltd. (NYSE:EFXT) announced on December 11 that it has successfully redeemed all of its 9.00% Senior Secured Notes due 2027, helped by proceeds from a previously announced private offering of $400 million in 6.875% senior notes due 2031, as well as by its secured revolving credit facility. The strategic move is aimed at improving the company’s debt profile and strengthening its financial position.

Enerflex Ltd. (NYSE:EFXT) hit a 6-year high this week, posting gains of almost 55% since the beginning of 2025.