Why These Energy Stocks are Gaining This Week

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1. Genesis Energy, L.P. (NYSE:GEL)

Share Price Gains Between Feb. 24 and Mar. 3: 9.26%

Genesis Energy, L.P. (NYSE:GEL) provides an integrated suite of midstream services in the crude oil and natural gas industries in the United States.

Shares of Genesis Energy, L.P. (NYSE:GEL) have surged by over 22% this year, despite the lower-than-expected results reported in Q4 2024. The company recently announced that it has divested its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion, helping it to focus on the midstream energy sector. Moreover, $1.01 billion of these proceeds will be used to reduce debt and buy back shares, with the company extending its common equity buyback plan till the end of 2026.

Moody’s Ratings has recently upgraded the outlook for Genesis Energy, L.P. (NYSE:GEL) from stable to positive, following the improvement in the company’s financial position.

Overall, Genesis Energy, L.P. (NYSE:GEL) ranks first on our list of the energy stocks that are gaining this week. While we acknowledge the potential for GEL to grow, 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 GEL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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