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.
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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’.
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