In this article, we are going to discuss the energy stocks that are losing this week.
The S&P energy index managed to outperform the S&P 500 over the last week with gains of almost 2.8% between November 26 and December 3, primarily due to an uptick in the global prices of crude oil and natural gas.
That said, one sector has lagged behind. The S&P utilities index posted a decline of 2.67% last week, possibly due to the rising fears of an AI bubble. The utilities sector has witnessed significant growth over the last year, even hitting an all-time high in mid-October, due to an expected increase in demand from data centers. Several power producers have already signed multi-billion-dollar deals with hyperscalers and have even announced huge CapEx plans to commission dedicated power plants. However, the recent earnings reports from these power companies have led investors to realize that the expected growth in demand may come much more slowly than anticipated.
Moreover, the recent success of Gemini 3 has sparked concerns that the energy required by the AI boom may be much lower than initially anticipated, as the TPUs used to train the model are significantly more energy-efficient than the GPUs used so far.
Another reason for the downturn in the traditionally ‘safe-haven’ utilities could be investors rotating their money into other, higher-risk sectors, betting that weak jobs data would spur the Federal Reserve to cut interest rates.
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Our Methodology
To collect data for this article, we used several stock screeners to identify energy stocks that have fallen the most between November 26 and December 3, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period.
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8. Scorpio Tankers Inc. (NYSE:STNG)
Share Price Decline Between Nov. 26 – Dec. 3: 2.3%
Scorpio Tankers Inc. (NYSE:STNG), together with its subsidiaries, engages in the seaborne transportation of crude oil and refined petroleum products worldwide.
On December 1, BofA analyst Ken Hoexter lowered the firm’s price target on Scorpio Tankers Inc. (NYSE:STNG) from $73 to $67, while maintaining a ‘Buy’ rating on its shares. The update came following the increased prospects of a potential peace deal between Ukraine and Russia after Kyiv reportedly agreed to the ‘core terms’ laid out by the Trump administration. Such an agreement could potentially lift Western sanctions and open the doors for Moscow to export its oil to international markets.
In such a scenario, Scorpio Tankers Inc. (NYSE:STNG)’s Handymax and MR rates are expected to increase slightly as it gains access to the Russian market. However, the LR2 rates are expected to decrease due to lower ton-miles from the Middle East. It is worth noting that benchmark rates for large crude carriers recently surged to a 5-year high after the US sanctions on the oil exports of Russia’s Rosneft and Lukoil took effect last month, forcing buyers to look for alternative suppliers.
The analyst firm maintains its EPS estimate for Scorpio Tankers Inc. (NYSE:STNG) of $5.7 for FY 2025, but trimmed its estimates for the next two years by 14% and 16% to $6.1 and $5.1, respectively.
7. NACCO Industries, Inc. (NYSE:NC)
Share Price Decline Between Nov. 26 – Dec. 3: 2.67%
NACCO Industries, Inc. (NYSE:NC), together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management.
NACCO Industries, Inc. (NYSE:NC) announced a quarterly dividend of $0.2525 per share on November 18, with the stock going ex-dividend on December 1. So the recent fall in share price could be due to investors offloading the stock after profiting from the dividend capture strategy.
NACCO Industries, Inc. (NYSE:NC) reported strong results for its third quarter last month, with the company’s revenue growing by 24% YoY to $76.6 million. Its EBITDA was also up by over 34% YOY to $12.5 million, primarily driven by improvements across all segments and higher natural gas prices.
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