In this article, we are going to discuss the energy stocks that are losing this week.
The U.S. Energy Information Administration reported in its latest Short-Term Energy Outlook that it expects global oil prices to fall in 2026, driven by production exceeding demand, which is expected to raise inventories. The agency projected the Brent crude oil price to average $56 per barrel in 2026 and $54 per barrel in 2027, down from $69 per barrel last year.
Moreover, the EIA has forecasted global production of liquid fuels to grow by 1.4 million barrels per day (bpd) in 2026 and 0.5 million bpd in 2027. While the increase in 2026 will be driven by crude oil production growth in OPEC+, the agency anticipates the rise in 2027 to come from non-OPEC+ producers, primarily in South America. However, it expects the sanctions on Venezuela to remain in place through 2027.
Meanwhile, the EIA has projected the Henry Hub natural gas price to average just under $3.50 per MMBtu this year, down from $3.52 per MMBtu in 2025. However, in 2027, natural gas prices are expected to rise to an average of $4.60 per MMBtu, driven by the ballooning LNG exports and the growing use of natural gas in power generation.
Our Methodology
To collect data for this article, we used stock screeners to identify energy stocks that declined the most between January 23 and January 30, 2026. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked by the magnitude of their share price decline during this period.
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7. Atlas Energy Solutions Inc. (NYSE:AESI)
Share Price Decline Between Jan. 23 – Jan. 30: 2.10%
Atlas Energy Solutions Inc. (NYSE:AESI) engages in the production, processing, and sale of frac sand used as a proppant during the well completion process in the Permian Basin of West Texas and New Mexico. Its portfolio of offerings also includes oilfield logistics and distributed power systems.
On January 27, Stephens lowered its price target on Atlas Energy Solutions Inc. (NYSE:AESI) from $20 to $16, but maintained an ‘Overweight’ rating on the shares. The firm projects a mixed Q4 report from AESI as its EBITDA and cash flow per share estimates are 14% above and 8% below consensus, respectively. Stephens is also projecting mixed 2026 guidance from the company, as its EBITDA and CFPS estimates are in line with and 7% above Street expectations, respectively.
Following the recent downturn, the share price of Atlas Energy Solutions Inc. (NYSE:AESI) has declined by more than 49% over the past year.
6. Murphy Oil Corporation (NYSE:MUR)
Share Price Decline Between Jan. 23 – Jan. 30: 4.75%
Murphy Oil Corporation (NYSE:MUR) is a global independent oil and natural gas exploration and production company.
On February 28, Murphy Oil Corporation (NYSE:MUR) reported mixed results for Q4 2025, with the company’s adjusted EPS of $0.14 comfortably beating expectations by $0.17. However, Murphy’s revenue for the quarter came in at $624.56 million, down by almost 7% YoY and missing forecasts by $10.75 million.
That said, Murphy Oil Corporation (NYSE:MUR)’s output, both for the Q4 and full year 2025, exceeded guidance as the company ‘delivered some of the best-performing onshore wells in its history and maintained strong uptime at its key offshore facilities’. However, Murphy guided net production of 171,000 boed for FY 2026, down from last year’s 182,000 boed. This is primarily due to Tupper Montney’s natural gas volumes, which are driven in part by higher royalties and fewer wells online. On a more positive note, the company raised its quarterly dividend by 7.7% to $0.35 per share.
Following the results, on January 30, Barclays lowered its price target on Murphy Oil Corporation (NYSE:MUR) from $31 to $29 but maintained its ‘Underweight’ rating on the shares.
5. First Solar, Inc. (NASDAQ:FSLR)
Share Price Decline Between Jan. 23 – Jan. 30: 6.87%
First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules.
First Solar, Inc. (NASDAQ:FSLR) took a hit on January 29 when BMO Capital downgraded the stock from ‘Outperform’ to ‘Market Perform’, while also cutting its price target from $285 to $263. The analyst noted that the potential competitive threats from additional domestic solar manufacturing may put FSLR shares under pressure ‘for some time’.
BMO initially dismissed Elon Musk’s remarks in Davos about Tesla potentially building a significant vertically integrated solar PV module manufacturing base to self-generate as ‘aspirational’. However, the firm believes that the Tesla CEO’s comments during the company’s recent earnings call indicate that ‘this is likely to become a bona fide effort in the next few quarters and may be an overhang on FSLR shares for some time’.
4. Sable Offshore Corp. (NYSE:SOC)
Share Price Decline Between Jan. 23 – Jan. 30: 7.19%
Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.
Sable Offshore Corp. (NYSE:SOC) fell on January 23 after California Attorney General Rob Bonta filed a lawsuit to block the federal government from taking over regulatory control of two oil pipelines owned by the company. Sable achieved a major win last month when the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its request to shift the pipelines from state to federal oversight, citing a national energy emergency declared by President Trump last year. However, Mr. Bonta has now claimed this decision as ‘an unlawful power grab’ because the pipelines run between two California counties.
The lawsuit marks the latest development in a fiery dispute between the Californian authorities and Sable Offshore Corp. (NYSE:SOC), as the company seeks to restart oil production at the Santa Ynez Unit of offshore oil platforms, which has been shut down since a disastrous oil spill in 2015.
3. CVR Energy, Inc. (NYSE:CVI)
Share Price Decline Between Jan. 23 – Jan. 30: 7.33%
CVR Energy, Inc. (NYSE:CVI) is primarily engaged in the renewable fuels, petroleum refining, and marketing businesses, as well as in the nitrogen fertilizer manufacturing business in North America.
CVR Energy, Inc. (NYSE:CVI) took a hit on January 26 when the company announced preliminary results for its fourth quarter and full-year 2025. CVR estimated that its net loss attributable to shareholders for Q4 would range from $105 million to $120 million. That’s on the back of total refining throughput of 210,000 to 220,000 barrels per day (bpd). The bottom-line forecast compares unfavorably with the company’s performance in the same quarter last year, when it reported a headline net profit attributable to shareholders of $28 million, while its refining throughput stood at 214,000 bpd.
Moreover, CVR Energy, Inc. (NYSE:CVI) projects its ammonia utilization rate (a key indicator for the fertilization production business) for Q4 2025 to be 60%-65%, down significantly from the year-ago period’s utilization rate of 96%. The decline comes as the company had to deal with operational challenges and delays at its Coffeyville fertilizer plant, which led to a maintenance shutdown lasting several months and negatively impacted production.
Subsequently, on January 29, JPMorgan trimmed its price target on CVR Energy, Inc. (NYSE:CVI) from $22 to $21, but maintained its ‘Underweight’ rating on the shares. The revision follows the analyst’s post-earnings update to the company’s model.
2. Energy Fuels Inc. (NYSEAMERICAN:UUUU)
Share Price Decline Between Jan. 23 – Jan. 30: 12%
Energy Fuels Inc. (NYSEAMERICAN:UUUU) is a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes.
Energy Fuels Inc. (NYSEAMERICAN:UUUU) jumped by over 14% on January 28 after the U.S. Department of Energy announced an initiative to build out the country’s domestic nuclear fuel supply chain. The department is asking states to express interest in hosting sites for developing the nuclear fuel lifecycle, including the storage of nuclear waste and the reprocessing of spent fuel. These ‘Nuclear Lifecycle Innovation Campuses’ would also include uranium enrichment and reduce the country’s reliance on imports from Russia.
Energy Fuels Inc. (NYSEAMERICAN:UUUU) also received a boost when, on the same day, Roth Capital analyst Joe Reagor upgraded the stock from ‘Sell’ to ‘Neutral’, while also raising its price target from $13 to $15.50. While the analyst acknowledges that the company’s valuation is stretched, it believes that strong market sentiment and rising uranium prices are likely to offset any near-term value correction.
The recent decline in share price may be due to investors booking profits after the strong rally. Despite the recent downturn, the share price of Energy Fuels Inc. (NYSEAMERICAN:UUUU) has risen by over 34% since the beginning of 2026.
1. New Fortress Energy Inc. (NASDAQ:NFE)
Share Price Decline Between Jan. 23 – Jan. 30: 23.56%
Topping our list of Energy Stocks that Lost This Week is New Fortress Energy Inc. (NASDAQ:NFE). The company 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) plunged on January 27 after a Bloomberg report revealed that the LNG operator is working on a proposed restructuring support agreement under which creditors would receive preferred equity in a reorganized company. Under the proposed plan, bondholders would assume control of the company’s assets in Brazil, while term loan lenders would recover value through the FLNG 1 liquefied natural gas facility off the coast of Mexico. Meanwhile, the recovery value for the company’s term loan debt would also be tied to a terminal in Puerto Rico and other downstream assets.
The report further revealed that New Fortress Energy Inc.’s (NASDAQ:NFE) reorganization plan would take place in the United Kingdom, and that the company’s common shares wouldn’t be canceled. That said, the terms of the deal may change. The latest development comes as the LNG firm has been facing financial difficulties and mounting debt for some time.
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