We recently published a list of Why These Energy Stocks Are Losing This Week. In this article, we are going to take a look at where Brooge Energy Limited (NASDAQ:BROG) stands against other energy stocks that are losing this week.
The broader energy sector has risen by just 0.12% over the last 12 months as of the writing of this piece, against gains of over 8.6% by the wider market. One sector that has been increasingly bearish recently is that of renewable energy, with green indexes down to five-year lows as several policies adopted by the Trump administration have hampered the industry’s growth.
President Trump reversed most of Biden’s energy and climate policies right on the very first day when he took office, including withdrawing from the Paris Agreement, halting offshore wind permits for now, and eliminating the so-called ‘electric vehicle mandate’. The President wants to refocus the country’s efforts on the fossil fuel industry, while conservatives push Congress to wipe out tax incentives for clean energy. As a result, more than half of the nearly $30 billion in clean technology factories that were scheduled to come online this year — including manufacturing facilities for solar, wind, batteries, and electric vehicles — are now predicted to face delays or cancellations, according to a report by BloombergNEF.
The Clean Energy Transition Index, an important barometer that tracks the performance of big clean energy companies, has plunged by 13% over the last 12 months, including a decline of over 11% since election day in November.
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 fallen the most between March 10 to March 17, 2025. 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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Brooge Energy Limited (NASDAQ:BROG)
Share Price Decline Between Mar. 10 and Mar. 17: 11.4%
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.
Shares of Brooge Energy Limited (NASDAQ:BROG) plunged last week after it was confirmed that the company is set to be acquired by Gulf Navigation Holding PJSC for AED 3.2 billion, despite earlier reservations from minority shareholders regarding potential dilution of their holdings. Moreover, the takeover comes amid a backdrop of legal challenges for Brooge Energy, including a fraud complaint against the company’s auditor, Ernst & Young, alleging failure to detect fabricated revenues in the company’s reports for 2018, 2019, and 2020.
Overall, BROG ranks 1st on our list of energy stocks that are losing this week. While we acknowledge the potential for energy stocks, 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.
