Why These Energy Stocks are Gaining This Week

3. Vivakor, Inc. (NASDAQ:VIVK)

Share Price Gains Between Apr. 9 – Apr. 16: 18.07%

Vivakor, Inc. (NASDAQ:VIVK) operates, acquires, and develops technologies and assets in the oil and gas industry; and offers related environmental solutions in the United States and Kuwait.

Vivakor, Inc. (NASDAQ:VIVK) reported strong financial results for its Q4 2024 this week, posting a revenue of $41.7 million, up by 201% from the same period in 2023. The company’s gross profit also grew by a staggering 746% YoY to $5.7 million while its gross margin came in at 20.01%. VIVK’s overall revenue for FY 2024 increased 51% YoY to $89.8 million, with the company entering 2025 with approximately $160 million projected annualized revenue run-rate.