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.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
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.
6. Venture Global, Inc. (NYSE:VG)
Share Price Decline Between Nov. 26 – Dec. 3: 3.37%
Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently the second-largest LNG exporter in the United States.
Venture Global, Inc. (NYSE:VG) took a hit on November 26 when JPMorgan trimmed its price target on the stock from $16 to $10, in order to reflect the latest spreads and arbitration impact. However, the analyst maintained an ‘Overweight’ rating on VG’s shares.
It is worth noting that earlier on November 24, Citi analyst Spiro Dounis also significantly reduced the firm’s price target on Venture Global, Inc. (NYSE:VG) from $16 to $9, while maintaining a ‘Neutral’ rating on its shares.
The lowered target came on the back of lower expected LNG prices as the market braces for a supply glut next year, especially from the United States. According to the latest data from Kpler, Asian spot LNG prices are forecast to fall from about $12 per million British thermal units (mmBtu) in 2025 to an average of $10 next year.
5. Brookfield Renewable Corporation (NYSE:BEPC)
Share Price Decline Between Nov. 26 – Dec. 3: 3.96%
Brookfield Renewable Corporation (NYSE:BEPC) operates one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions. The company’s diversified portfolio consists of hydroelectric, wind, solar, distributed energy, and sustainable solutions across five continents.
Last month, Brookfield Renewable Corporation (NYSE:BEPC) announced a quarterly dividend of $0.373 per share to all shareholders as of the November 28 record date, payable on December 31, 2025. So the recent decline in the share price could be due to market dynamics and investors profiting from the dividend capture strategy (ex-dividend date: November 28).
As of the writing of this piece, Brookfield Renewable Corporation (NYSE:BEPC) boasts an impressive annual dividend yield of 3.78%, with an aim of delivering 5% to 9% annual dividend growth over the long term.
Despite the slight downturn, the share price of Brookfield Renewable Corporation (NYSE:BEPC) has surged by almost 41% since the beginning of 2025.
4. Clearway Energy, Inc. (NYSE:CWEN)
Share Price Decline Between Nov. 26 – Dec. 3: 4.65%
With a portfolio comprising approximately 11.8 GW of gross generating capacity across 26 states, Clearway Energy, Inc. (NYSE:CWEN) is one of the largest owners of clean energy generation assets in the United States.
Clearway Energy, Inc. (NYSE:CWEN) was among the utility stocks that recently fell amid fears of an AI bubble, as recent earnings calls have led investors to realize that the massive data-center deals driving the sector’s growth are actually much slower than expected. Moreover, the 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 that were used to train it are far more energy-efficient than the GPUs that have been used so far.
Moreover, Clearway Energy, Inc. (NYSE:CWEN) went ex-dividend on December 1, so investors may also be offloading the stock after having profited from the dividend capture strategy. CWEN boasts a robust annual dividend yield of 5.26% and was recently included in our list of the 14 Best Utility Dividend Stocks to Buy Now.
3. Talen Energy Corporation (NASDAQ:TLN)
Share Price Decline Between Nov. 26 – Dec. 3: 6.87%
Talen Energy Corporation (NASDAQ:TLN) is a leading independent power producer and energy infrastructure company with 10.7 GW of generation assets.
Talen Energy Corporation (NASDAQ:TLN) gained over 7% in the last week of November after the company announced that it had completed the acquisitions of two power stations in Ohio in a deal valued at around $3.5 billion, after adjusting for estimated tax benefits. The acquisitions added nearly 2.9 GW of baseload generation to Talen’s portfolio, offering additional reliable capacity to hyperscale data centers and large commercial offtakers. So the recent dip in share price could be due to profit-taking by investors.
Moreover, there has been a decline in the overall utilities sector over the last week, possibly due to investors flocking to higher-risk sectors, betting that weak jobs data would prompt the Federal Reserve to cut interest rates. In addition, the recent earnings season has also sparked investor concerns that the mega data-center deals that had driven the utility sector’s explosive growth over the last year may be much slower than originally expected.
2. HighPeak Energy, Inc. (NASDAQ:HPK)
Share Price Decline Between Nov. 26 – Dec. 3: 10.91%
HighPeak Energy, Inc. (NASDAQ:HPK) is an independent oil and natural gas company engaged in the acquisition, development, and production of oil, natural gas, and NGL reserves.
Following its third-quarter results last month, HighPeak Energy, Inc. (NASDAQ:HPK) announced a quarterly dividend of $0.04 per share to all shareholders as of the December 1 record date, payable on December 23, 2025. So the recent dip in share price could be due to investors offloading the stock after it traded ex-dividend on December 1, profiting from the dividend capture strategy. As of the writing of this piece, HPK boasts an annual dividend yield of 2.76%.
It is worth noting that HighPeak Energy, Inc. (NASDAQ:HPK) reported mixed results for its Q3 in November, topping estimates in adjusted earnings but falling short on revenue. Moreover, while the energy firm has been struggling with high debt, it managed to push back all debt maturities to September 2028 and increased liquidity by over $170 million.
Following the recent downturn, the share price of HighPeak Energy, Inc. (NASDAQ:HPK) has fallen by over 62% since the beginning of 2025.
1. Imperial Petroleum Inc. (NASDAQ:IMPP)
Share Price Decline Between Nov. 26 – Dec. 3: 27.83%
Topping our list of Energy Stocks that Lost this Week is Imperial Petroleum Inc. (NASDAQ:IMPP), an international shipping transportation company specializing in the transportation of various petroleum and petrochemical products in liquefied form.
Imperial Petroleum Inc. (NASDAQ:IMPP) fell heavily on November 28 when the company announced an agreement with two institutional investors to sell over 9.5 million shares of common stock, along with accompanying Class F and Class G warrants, at a combined price of $6.30 per share. The direct offering is expected to raise approximately $60 million in gross proceeds before commissions and expenses, which will be used for working capital and general corporate purposes.
The sharp slump in the share price comes after Imperial Petroleum Inc. (NASDAQ:IMPP) hit a multi-year high last month and reflects investor concerns about stock dilution, especially since the company was debt-free and already had ample cash on hand.
While we acknowledge the potential of IMPP 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 IMPP and that has 100x upside potential, check out our report about this cheapest AI stock.
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