Why These Energy Stocks Are Losing This Week

3. Recon Technology, Ltd. (NASDAQ:RCON)

Share Price Decline Between Apr. 8 and Apr. 15: 15.82%

Recon Technology, Ltd. (NASDAQ:RCON) is a China-based independent solutions integrator in the oilfield service and environmental protection, electric power, and coal chemical industries.

The stock of Recon Technology, Ltd. (NASDAQ:RCON) posted gains of more than 25% in early April following the company’s announcement of its results for the first half of FY 2025. The company’s gross jumped by almost 6% to $1.8 million, while its net loss also decreased to $2.8 million, compared to $3.2 million a year ago. Moreover, RCON reported a strong cash position of $19.9 million as of December 31, 2024. So the slide in share price could be a result of investors cashing in their profits, coupled with the headwinds faced by the energy industry, expected due to the US-China tariff war.