Why These Energy Stocks are Gaining This Week

8. Flotek Industries, Inc. (NYSE:FTK)

Share Price Gains Between Dec. 30 – Jan. 6: 11.97%

Flotek Industries, Inc. (NYSE: FTK) develops unique solutions to reduce the environmental impact of energy on air, water, land, and people.

On December 31, Northland reiterated its ‘Outperform’ rating on Flotek Industries, Inc. (NYSE:FTK) and included the stock among its top picks for 2026. While the analyst assigned the stock a price target of $20, it believes that the estimates are conservative, as a couple of customer wins will likely drive the numbers even further.

Northland is of the opinion that this will be a year of inflection for Flotek Industries, Inc. (NYSE:FTK), with its Data Analytics business starting to scale. The analyst also validated meaningful growth opportunities from third parties, particularly in the Power Services and Digital Valuation end markets. Northland expects higher adoption of Flotek’s technology in 2026, as it believes customers value it and understand its benefits.