Why These Energy Stocks are Gaining This Week

4. Profrac Holding Corp (NASDAQ:ACDC)

Share Price Gains Between Jan. 16 – Jan. 23: 14%

Next on our list of Energy Stocks that Gained This Week is ProFrac Holding Corp. (NASDAQ:ACDC), a technology-focused energy services company operating in the United States.

On January 21, Morgan Stanley raised its price target on ProFrac Holding Corp. (NASDAQ:ACDC) from $3.50 to $4, while maintaining an ‘Underweight’ rating on the shares. As the Q4 earnings season approaches, the firm’s outlook broadly aligns with consensus expectations across its energy services and equipment coverage, both for Q4 results and 2026 EBITDA estimates.

Following the recent gains, the share price of ProFrac Holding Corp. (NASDAQ:ACDC) has surged by 25% since the beginning of 2026.