We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where Brooge Energy Limited (NASDAQ:BROG) stands against the other energy stocks.
The American renewable energy sector has been growing at a staggering pace and the country brought online 48.2 gigawatts of capacity from utility-scale solar, wind, and battery storage last year, according to research organization Cleanview. Despite the utmost efforts by the Trump administration to hamper its growth, renewable energy is set to continue its momentum again this year. According to the US Energy Information Administration, the share of new power capacity that is expected to come online this year from renewables and batteries will jump to 93%.
One of the sectors that has recently performed exceptionally well is that of energy storage, which set a new record in 2024 with 12.3 GW of installations across all segments. According to the American Clean Power Association, the industry is on a path to surpass 100 GW of grid-scale storage deployed by 2030. One significant growth driver for the energy storage sector could be in the form of the ongoing AI boom and the data centers powering it. These facilities consume a vast amount of electricity, and battery energy storage systems offer a transformative solution for data centers looking to balance energy demand, sustainability, and resilience.
A huge refinery and oil storage facility with high automated machinery for blending and circulation.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between March 17 and March 24, 2025. Following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.
At Insider Monkey, we are obsessed with 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Brooge Energy Limited (NASDAQ:BROG)
Share Price Gains Between Mar. 17 – Mar. 24: 11.82%
Brooge Energy Limited (NASDAQ:BROG) is the parent company of Brooge Petroleum and Gas Investment Company FZE, which operates as a midstream oil storage and service provider out of the Emirate of Fujairah in the United Arab Emirates.
The share price of Brooge Energy Limited (NASDAQ:BROG) has surged after a decline of over 11% the week before, following the news of the company’s $900 million acquisition by Gulf Navigation Holding PJSC. There were concerns by minority shareholders regarding the potential dilution of their holdings. However, to address these concerns, the transaction also allocates $125.26 million in cash and around $136 million in MCBs to current shareholders, prioritizing their interests.
Overall, BROG ranks 7th on our list of energy stocks that are gaining this week. While we acknowledge the potential for BROG, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BROG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
