Why These Energy Stocks Are Losing This Week

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1. Cosan S.A. (NYSE:CSAN

Share Price Decline Between Sep 18 – Sep 25: 20.92%

Topping our list of Energy Stocks that Lost This Week is Cosan S.A. (NYSE:CSAN), which engages in the fuel distribution business with operations in Brazil, England, France, Spain, Portugal, Argentina, Bolivia, Uruguay, Paraguay, the United States, Asia, and internationally.

Cosan S.A. (NYSE:CSAN) sank after the company announced plans to raise as much as 10 billion Brazilian reais, around $1.9 billion, in a public offering to help reduce its mounting debt.

According to analysts at Citi, the public offering implies a 40-50% dilution to current shareholders but should be positive as Cosan S.A. (NYSE:CSAN) would enter ‘a new phase, which should be marked by deleveraging in the holding company’.

Following the recent downturn, the share price of Cosan S.A. (NYSE:CSAN) has dropped by 51% over the last year.

While we acknowledge the potential of CSAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSAN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best Natural Gas and Oil Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into.

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