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 KNOT Offshore Partners LP (NYSE:KNOP) 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.
An aerial view of a bustling port, revealing a fleet of shuttle tankers transporting crude oil.
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).
KNOT Offshore Partners LP (NYSE:KNOP)
Share Price Gains Between Mar. 17 – Mar. 24: 12.84%
Next on our list of the Energy Stocks that are Gaining This Week is KNOT Offshore Partners LP (NYSE:KNOP), a global market leader in the shuttle tanker industry that provides critical, long-term infrastructure to the offshore oil supply chain in Brazil and the North Sea.
KNOT Offshore Partners LP (NYSE:KNOP) reported strong Q4 2024 results last week, posting an EPS of $0.67, far above market estimates of $0.04. The company’s revenue of $91.26 million was also up 25% YoY and beat expectations by $14.75 million. KNOP also achieved a high vessel utilization rate of 98.3% and expects strong growth in the Brazilian offshore market.
Overall, KNOP ranks 6th on our list of energy stocks that are gaining this week. While we acknowledge the potential for KNOP, 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 KNOP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
