Why These Energy Stocks are Gaining This Week

6. Forum Energy Technologies, Inc. (NYSE:FET)

Share Price Gains Between Feb. 13 and Feb. 20: 15.26%

Next on our list of Energy Stocks that Gained This Week is Forum Energy Technologies, Inc. (NYSE:FET). The company designs, manufactures, and supplies products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally.

Forum Energy Technologies, Inc. (NYSE:FET) reported better-than-expected results for its Q4 2025 on February 20, with its adjusted earnings of $0.41 per share beating estimates by $0.05. Similarly, Forum’s revenue of just over $202 million also topped forecasts by $11.7 million. Meanwhile, the company’s free cash flow for the full year 2025 stood at $80 million.

Notably, Forum Energy Technologies, Inc. (NYSE:FET) revealed that it is entering 2026 with a backlog of $312 million, up 46% from a year ago and at its highest level in 11 years. Moreover, almost 12% of this backlog is from products developed in the last few years.

Forum Energy Technologies, Inc. (NYSE:FET) provided a strong outlook for FY 2026, with the company targeting a revenue of $800 million to $880 million for the year, representing a YoY growth of 6% at the midpoint. Similarly, Forum is projecting its EBITDA to grow by 16% YoY to $90 million to $110 million, with an adjusted net income of $18 million to $38 million. Meanwhile, free cash flow for the year is expected to come in between $55 million and $75 million.