Why These Energy Stocks are Gaining This Week

2. Recon Technology, Ltd. (NASDAQ:RCON)

Share Price Gains Between Mar. 26 – Apr. 2: 20.39%

Recon Technology, Ltd. (NASDAQ:RCON) is a China-based independent solutions integrator in the oilfield service and environmental protection, electric power, and coal chemical industries.

The share price of Recon Technology, Ltd. (NASDAQ:RCON) surged this week after the company reported its results for the first half of FY 2025. RCON’s revenue decreased by 7% YoY to $5.8 million, while gross profit increased by almost 6% to $1.8 million. The company’s net loss also decreased to $2.8 million, compared to $3.2 million a year ago. Moreover, its gross margin increased to 31.7% in H1 2025 compared to 26.7% for the same period in H1 2024. RCON also maintained a strong cash position of $19.9 million as of December 31, 2024.