Why These Energy Stocks are Losing This Week

2. Profrac Holding Corp (NASDAQ:ACDC)

Share Price Decline Between Apr. 1 and Apr. 8: 46.33%

ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States.

ProFrac Holding Corp. (NASDAQ:ACDC) did not live up to forecasts in Q4 2024, as its EPS of -$0.54 missed expectations by $0.2. The company’s revenue of $454.7 million also fell below expectations by $24.56 million, besides being down 7% YoY. ProFrac Holding’s Q4 loss also increased by over 292% compared to the previous quarter, in addition to a 33.7% decline in operating cash flow. The disappointing performance, coupled with the overall decline in the energy services sector, pushed the share price of ACDC to an all-time low this week.