In this article, we will discuss the energy stocks that are losing this week.
2025 has been a tough year for the energy sector. As of the writing of this piece on December 30, the S&P Energy index has surged by 4.42% since the beginning of 2025, far behind the gains of 17.51% posted by the overall S&P 500 during the period.
The underperformance was driven primarily by the nearly 21% decline in global crude oil prices this year, as the world faced a supply surplus of the fuel due to increased production and the global transition towards cleaner energy sources. While Big Oil has managed to stay resilient in the current low-priced environment thanks to its low breakevens and deep pockets, it has been a different story for the smaller players, especially in US shale.
According to the Dallas Fed Energy Survey released on December 17, nearly half of oil executives believe that their companies’ outlooks have worsened in the current year compared to 2024, as low oil prices have taken their toll.
The situation isn’t expected to get any better in the coming year as these oil executives project the WTI crude price to finish 2026 at $62 per barrel, not far from its current $58 per barrel mark. Meanwhile, the Energy Information Administration has forecast that WTI will average $51.42 per barrel in 2026, indicating potentially even more challenging times ahead.
Photo by Zbynek Burival on Unsplash
Our Methodology
To collect data for this article, we used several stock screeners to identify energy stocks that declined the most between December 23 and December 30, 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).
7. Bloom Energy Corporation (NYSE:BE)
Share Price Decline Between Dec. 23 – Dec. 30: 4.56%
Bloom Energy Corporation (NYSE:BE) designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. Bloom’s Energy Server generates power onsite, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion.
Bloom Energy Corporation (NYSE:BE) emerged as one of the biggest winners of the AI boom as the company’s cell-fuel technology offered a potential solution for powering data centers. Bloom counts some of the world’s biggest names among its customers, and as a result, its share price has surged by over 273% since the beginning of 2025.
However, Bloom Energy Corporation (NYSE:BE) has witnessed a decline since early December, driven primarily by growing concerns about an AI bubble. The fears were especially reinforced after Oracle, a major client of Bloom’s, missed revenue estimates in its Q2 2026 results on December 10 and reported a negative free cash flow of $13 billion for the trailing four quarters. The tech giant’s performance raised further doubts among investors about whether Big Tech can follow through on its promised billions of dollars in investments in data centers. As a result, energy providers like Bloom Energy have also taken a hit.
That said, Bloom Energy Corporation (NYSE:BE) still continues to be favored by a number of analysts. On December 29, Clear Street raised its price target on the stock from $50 to $58, while keeping a ‘Hold’ rating on the shares.
6. New Fortress Energy Inc. (NASDAQ:NFE)
Share Price Decline Between Dec. 23 – Dec. 30: 5.98%
New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.
New Fortress Energy Inc. (NASDAQ:NFE) has been facing financial difficulties and mounting debt for some time. The LNG operator received a significant blow on December 23 when S&P lowered its issuer credit rating on NFE from ‘CCC-‘ to ‘SD’ (‘Selective Default’), in addition to its assessment of the company’s liquidity from ‘less than adequate’ to ‘weak’. The move follows NFE’s announcement on December 17 that it had entered into a forbearance agreement with some of its lenders after missing interest payments earlier this month and informing them that it also didn’t plan to make principal payments due at year-end.
The new agreement expires on January 9, after which New Fortress Energy Inc. (NASDAQ:NFE)’s lenders could demand the immediate payment of substantially all of the company’s $6.6 billion outstanding debt and force it into a restructuring. S&P believes that ‘a debt restructuring that is tantamount to a default will likely occur within the next few weeks’.
5. FuelCell Energy, Inc. (NASDAQ:FCEL)
Share Price Decline Between Dec. 23 – Dec. 30: 9.67%
FuelCell Energy, Inc. (NASDAQ:FCEL) is an American clean technology and manufacturing company providing large-scale, always-on, power solutions and emissions management.
FuelCell Energy, Inc. (NASDAQ:FCEL) surged on December 18 after it reported strong results for its Q4 2025, beating estimates in both earnings and revenue. The company increased its revenue by over 11% YoY to $55 million and grew its backlog to $1.19 billion, up from $1.16 billion at the end of the prior year. However, investor confidence was shaken after an SEC filing on December 22 revealed that FuelCell’s director, Betsy Bingham, sold 8,608 shares of the company’s stock at $8.52 per share, totaling $73,371.
FuelCell Energy, Inc. (NASDAQ:FCEL) also took a hit on December 30 when an SEC filing reported that the company amended its open market sales agreement to increase the amount of shares of its common stock it can sell, leading to more dilution for investors. Under the amended agreement, FuelCell may issue and sell $200 million in shares of its common stock, excluding any prior share sales.
4. NuScale Power Corporation (NYSE:SMR)
Share Price Decline Between Dec. 23 – Dec. 30: 10.39%
NuScale Power Corporation (NYSE:SMR) provides small modular reactor technology solutions. The company’s groundbreaking NuScale Power Module is a 12-module plant that can produce up to 924 MWe of carbon-free energy.
On December 22, B. Riley significantly trimmed its price target on NuScale Power Corporation (NYSE:SMR) from $38 to $24, while maintaining its ‘Buy’ rating on the shares. The revised target still represents an upside potential of over 67% from the current share price.
The analyst believes that investors are concerned regarding a potential dilution of the stock following the partnership milestones agreement with ENTRA1 and an increase in the authorized share count. It should be noted that earlier this month, NuScale shareholders approved an amendment raising the number of authorized shares of the company’s Class A common stock to 662 million, nearly double the previous 332 million. The strategic move is aimed at enhancing NuScale’s ability to raise capital for long-term projects, including the ENTRA1 Energy agreement.
Following the recent decline, the share price of NuScale Power Corporation (NYSE:SMR) has fallen by more than 19% since the beginning of 2025.
3. Oklo Inc. (NYSE:OKLO)
Share Price Decline Between Dec. 23 – Dec. 30: 12.53%
Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.
Oklo Inc. (NYSE:OKLO) garnered massive investor attention during the AI boom as its Aurora small modular reactor, considered on the bleeding edge of nuclear technology, emerged as a potential solution to power the booming data center industry. The nuclear startup also managed to win multiple contracts from the Department of Energy, and as a result, its share price has shot up by an impressive 228% since the beginning of 2025.
However, Oklo Inc. (NYSE:OKLO) still needs regulatory approval for deploying and operating its reactors, and the process could take two to three years. As a result, the company still has zero revenue and isn’t expected to report any until at least 2027. Even then, it is projected to generate about $16 million, which is worrisome for a company that currently has a market cap of almost $11.2 billion.
The recent plunge in share price reflects investor concerns that Oklo Inc. (NYSE:OKLO)’s triple-digit gain over the last year may have been driven more by investor enthusiasm than by fundamentals. Moreover, recent fears of an AI bubble have further reinforced this sentiment, prompting investors to adjust their expectations somewhat.
2. PermRock Royalty Trust (NYSE:PRT)
Share Price Decline Between Dec. 23 – Dec. 30: 13.02%
PermRock Royalty Trust (NYS:PRT) is a Delaware statutory trust formed to own a perpetual interest in oil and natural gas producing properties.
PermRock Royalty Trust (NYS:PRT) has been on a downward trajectory since December 19, when the company declared its monthly cash distribution of $199,572.97, or $0.016404 per share, to all shareholders as of the December 31 record, payable on January 15, 2026. Based primarily on production in October 2025, this is the lowest dividend the trust has declared this year, contributing to negative investor sentiment.
PermRock Royalty Trust (NYS:PRT) reported oil cash receipts of $1.07 million for October, down by $0.05 million from the previous month, driven by a 7.3% MoM decrease in prices. Natural gas cash receipts for October also declined by 60% from the prior month to $0.02 million, mainly due to a decrease in natural gas sales volumes and prices. On the other hand, PRT’s operating expenses increased by $0.03 million from the previous month to $0.51 million, primarily due to an uptick in workover expenses.
1. NextNRG Inc. (NASDAQ:NXXT)
Share Price Decline Between Dec. 23 – Dec. 30: 13.94%
Topping our list of Energy Stocks that Lost This Week is NextNRG Inc. (NASDAQ:NXXT). The company engages in mobile fueling operations in the United States. It also offers services in wireless EV charging, commercial fleet electrification, predictive grid analytics, and advanced microgrid systems.
NextNRG Inc. (NASDAQ:NXXT) received a boost on December 19 when the company announced that it is on track to deliver record fuel volumes in the fourth quarter of 2025 amid a robust holiday demand and consistent execution across its operations. The energy operator expects December 2025 deliveries to be approximately 2.5 million gallons, up significantly from approximately 620,000 gallons delivered in December last year. Based on current trends, the company projects Q4 2025 deliveries of approximately 7 million gallons, representing the highest quarterly fuel volume in its operating history.
However, the positive sentiment around NextNRG Inc. (NASDAQ:NXXT) was somewhat marred following reports of an insider offloading the stock. An SEC filing revealed that Director Arbour Daniel Ronald recently sold 38,197 shares of the company’s common stock in two transactions, realizing approximately $56,240. The first transaction, for 31,446 shares, occurred on December 29 for $1.46 per share. Then Arbor sold 6,751 shares again on December 30 at $1.53 per share. Following these transactions, NextNRG has experienced multiple sales by its top leadership over the last month, hurting investor confidence in its future.
Following the recent downturn, the share price of NextNRG Inc. (NASDAQ:NXXT) has plunged by over 56% since the beginning of 2025.
While we acknowledge the potential of NXXT 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 NXXT and that has 100x upside potential, check out our report about this cheapest AI stock.
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