Why New Era Helium, Inc (NEHC) Stock Crashed This Week
From Yahoo Finance: 2025-04-05 13:48:00
New Era Helium, Inc (NEHC) is one of the energy stocks that have been losing this week due to issues like an escalating global trade war and economic slowdown. Oil prices dropped over 8% after China imposed 34% tariffs on US goods, and OPEC+ plans to increase output, leading to a decrease in forecasted oil prices.
NEHC experienced a 35.7% share price decline between March 27 and April 3, making it the top energy stock that lost the most this week. The recent drop in NEHC’s share price can be attributed to profit-taking by investors, a broader market sell-off, and the company’s revised Equity Purchase Facility Agreement to sell up to $75 million of its common stock.
Despite NEHC’s potential, Insider Monkey believes that AI stocks offer greater promise for higher returns in a shorter time frame. While NEHC ranks first on the list of energy stocks losing the most this week, Insider Monkey emphasizes the potential of AI stocks, highlighting one with significant upside potential trading at less than 5 times its earnings.
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