Why These Energy Stocks Are Losing This Week

2. Vivakor, Inc. (NASDAQ:VIVK)

Share Price Decline Between Apr. 30 – May. 7: 16.67%

Vivakor, Inc. (NASDAQ:VIVK) is an integrated provider of energy transportation, storage, reuse, and remediation services.

The stock of Vivakor, Inc. (NASDAQ:VIVK) surged by over 43% last month after the company reported impressive results for its Q4 2024, posting a revenue of $41.7 million, up by 201% YoY, while its gross profit also grew by a staggering 746% YoY. Moreover, the energy firm ended the year with a projected annual revenue run-rate exceeding $160 million, marking the highest level of contracted revenue in its history. So the recent downturn in share price could be a result of investors booking their profits, combined with the overall bearish sentiment surrounding the oil sector.