Why These Energy Stocks Are Losing This Week

4. Leishen Energy Holding Co., Ltd. (NASDAQ:LSE)

Share Price Decline Between Apr. 15 and Apr. 22: 8.99%

Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) is deeply engaged in the oil and gas industry, and its business covers four major sectors: high-end equipment manufacturing, engineering and technical services, oilfield digital information and integration, and new energy.

Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) surged by over 124% last month as investors cheered news that the Chinese government issued a guideline on promoting the high-quality development of renewable energy and the green electricity certificate (GEC) market. This was followed by profit-taking by investors, which caused the share price to drop significantly. The stock has also been under pressure due to the plunge in global oil prices and the overall bearish sentiment regarding the oil and gas services industry.