Why These 15 Construction Stocks Are Plunging in 2025

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12. Energy Services of America Corp (NASDAQ:ESOA)

Number of Hedge Fund Holders In Q4 2024: 11

Energy Services of America Corp (NASDAQ:ESOA) is a contractor that specializes in the construction, replacement, and repair of natural gas pipelines.

The stock is down significantly so far in 2025. That’s despite revenue growth of 12% year-over-year to $100.6 million as net income fell sharply to $854,000 ($0.05 per diluted share) compared to $2.0 million ($0.12 per share) in Q1 2024.

Gross profit also declined to $10.3 million (margin of 10.2%) from $10.8 million (margin of 12%) the previous year. Management attributed the reduced profitability to weather-related challenges and project timing in its Gas & Water Distribution segment.

ESOA stock is down 24.25% year-to-date.

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