Why These Energy Stocks are Gaining This Week

8. Innovex International, Inc. (NYSE:INVX)

Share Price Gains Between Mar. 3 and Mar. 10: 6.43%

Innovex International, Inc. (NYSE:INVX) was founded in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions. The company designs and manufactures offshore drilling and production equipment.

Innovex International, Inc. (NYSE:INVX) continues to build on its gains and has surged by over 21% YTD, putting it among the 11 Best Performing Energy Stocks So Far In 2025. The company performed well in Q4 2024, increasing its revenue by 65% from the previous quarter to $251 million. INVX also reported a net income of $32 million and cash flow from operations of $36 million during the quarter, allowing it to authorize a $100 million share buyback program. Moreover, the company has fully realized its targeted $30 million of annualized merger cost synergies in just five months after closing of the merger.