From Yahoo Finance: 2025-04-09 14:46:00

ProFrac Holding Corp. (ACDC) stands among energy stocks crashing this week due to the oilfield services sector’s severe hit from tariffs and low oil prices. Morningstar predicts a revenue drop of 2-3% for major oilfield services companies, pushing down share prices significantly.

ACDC, a technology-focused energy services company, saw a 46.33% share price decline from April 1 to April 8. Disappointing Q4 2024 results, including an EPS miss and revenue below expectations, contributed to the overall decline in the energy services sector, leading to an all-time low share price.

Ranked 2nd for the biggest share price decline, ACDC’s future is uncertain amidst the energy industry turmoil. Insider Monkey recommends exploring AI stocks for higher returns, emphasizing a promising AI stock with significant upside potential. Consider diversifying investment portfolios to include AI stocks for better opportunities in the market.

Read more: Why ProFrac Holding Corp. (ACDC) is Crashing This Week