Why These Energy Stocks are Gaining This Week

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1. AleAnna, Inc. (NASDAQ:ANNA)

Share Price Gains Between Mar. 17 – Mar. 24: 33.78%

Topping our list of the Stocks that Gained the Most This Week is AleAnna, Inc. (NASDAQ:ANNA), 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) recently revealed that it is set to commence production at the Longanesi gas field in Italy, which will play a critical role in reducing Europe’s natural gas supply gap. The company also announced that it had signed a multi-year gas sales agreement for its share of the field’s production with Shell Energy Europe Ltd. AleAnna holds a 33.5% working interest in the Longanesi field, which is expected to contribute significantly to the company’s earnings in the coming years.

Overall, AleAnna, Inc. (NASDAQ:ANNA) ranks first on our list of the energy stocks that gained the most this week. While we acknowledge the potential for ANNA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ANNA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

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