Why These Energy Stocks are Losing This Week

5. TETRA Technologies, Inc. (NYSE:TTI)

Share Price Decline Between Apr. 1 and Apr. 8: 36.61%

Next on our list of Energy Stocks that Crashed the Most This Week is TETRA Technologies, Inc. (NYSE:TTI), a diversified oil and gas services company focused on completion fluids, water management, and production testing.

The share price of TETRA Technologies, Inc. (NYSE:TTI) has plunged following the Trump administration’s decision to slash foreign aid contracts, from which the company makes a chunk of its revenue. Tetra Tech received more than $5 billion in contracts from USAID last year, and out of more than 100 USAID contracts canceled by the US government in February, 20 were held by the company or by joint ventures involving it, dealing a massive blow to its future earnings and cash flow.