We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where NextDecade Corporation (NASDAQ:NEXT) stands against the other energy stocks.

The American renewable energy sector has been growing at a staggering pace and the country brought online 48.2 gigawatts of capacity from utility-scale solar, wind, and battery storage last year, according to research organization Cleanview. Despite the utmost efforts by the Trump administration to hamper its growth, renewable energy is set to continue its momentum again this year. According to the US Energy Information Administration, the share of new power capacity that is expected to come online this year from renewables and batteries will jump to 93%.

One of the sectors that has recently performed exceptionally well is that of energy storage, which set a new record in 2024 with 12.3 GW of installations across all segments. According to the American Clean Power Association, the industry is on a path to surpass 100 GW of grid-scale storage deployed by 2030. One significant growth driver for the energy storage sector could be in the form of the ongoing AI boom and the data centers powering it. These facilities consume a vast amount of electricity, and battery energy storage systems offer a transformative solution for data centers looking to balance energy demand, sustainability, and resilience.

A closeup of the Rio Grande LNG terminal facility, showing its massive scale.

Our Methodology

To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between March 17 and March 24, 2025. Following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.

At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

NextDecade Corporation (NASDAQ:NEXT)

Share Price Gains Between Mar. 17 – Mar. 24: 30.07%

NextDecade Corporation (NASDAQ:NEXT) is an energy company that engages in construction and development activities related to the liquefaction of natural gas in the United States.

NextDecade Corporation (NASDAQ:NEXT) revealed last week that it has received a favorable ruling from the US Court of Appeals for the District of Columbia, allowing the construction of the company’s flagship LNG project in Texas. The Rio Grande LNG facility has been in development for several years and has already suffered repeated delays. The company was pleased with the revised judgement, stating that it will help remove uncertainties arising from environmental and legal challenges.

Overall, NEXT ranks 2nd on our list of energy stocks that are gaining this week. While we acknowledge the potential for NEXT, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NEXT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.