Why These Energy Stocks are Gaining This Week

2. AleAnna, Inc. (NASDAQ:ANNA)

Share Price Gains Between Feb. 23 and Mar. 2: 30.94%

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

AleAnna, Inc. (NASDAQ:ANNA) rallied after the EU natural gas prices spiked to their highest level since 2023, as the ongoing situation in the Middle East has heightened concerns of potential LNG supply disruptions to Europe. It was reported that QatarEnergy has halted LNG production after Iranian drones struck the Ras Laffan and Mesaieed facilities, which are responsible for roughly 20% of global LNG output. Moreover, Iran has placed a blockade on the Strait of Hormuz, a key export route for Qatar.

With Qatar cutting its supplies and Iran blocking any energy shipments from passing through, there are concerns that the competition for LNG supply between Europe and Asia will intensify, driving prices higher. To make matters worse, these supply issues have come at a time when the EUgas storage is already standing low at just around 30%, down from the 40% recorded at this time last year.