Why These Energy Stocks are Gaining This Week

2. ProFrac Holding Corp. (NASDAQ:ACDC)

Share Price Gains Between Mar. 3 and Mar. 10: 14.24%

ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States. The company has positioned itself as a dominant force in the hydraulic fracturing industry through aggressive consolidation and vertical integration. Despite a tough Q4 2024, shares of ACDC surged as investors remain optimistic about its long-term prospects.

ProFrac Holding Corp. (NASDAQ:ACDC) has aggressively acquired competitors, enhancing its market share, while accumulating $1.1 billion in debt with the majority not due until 2029. With a rebound in frac fleet utilization and a strong demand for natural gas services, the company is well-positioned for a breakout.