Why These Energy Stocks are Gaining This Week

8. AleAnna, Inc. (NASDAQ:ANNA)

Share Price Gains Between Jan. 16 – Jan. 23: 12.06%

AleAnna, Inc. (NASDAQ:ANNA) is an energy company that is helping secure Italy’s and Europe’s energy future by delivering immediate, reliable natural gas while advancing renewable natural gas solutions.

AleAnna, Inc. (NASDAQ:ANNA) announced on January 20 that it had received a production concession for its Gradizza natural gas field from the Italian Ministry of Environment and Energy Security. The regulatory approval allows an initial 20-year production period from the field, in which AleAnna owns a 100% working interest. The company is targeting initial production from the project in the first quarter of 2027, following the submission and approval of a 12-month seismic and subsidence monitoring study that it has already begun.

Marco Brun, CEO of AleAnna, Inc. (NASDAQ:ANNA), stated:

“Receipt of the Gradizza Production concession is strong validation of AleAnna’s success in bringing new sources of natural gas to Italy. AleAnna has worked tirelessly to engage constructively with national, regional, and community stakeholders to advance projects that contribute to Italy’s energy independence and support Europe’s broader energy transition goals. Gradizza represents a major step forward for the company as our first fully owned and operated development.”

AleAnna, Inc. (NASDAQ:ANNA) also received a lift from the recent jump in natural gas prices, with European natural gas futures rising past €39/MWh, the highest since June, driven primarily by elevated withdrawals amid the unusually cold weather.