We recently published a list of Thursday’s 10 Worst-Performing Stocks. In this article, we are going to take a look at where Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) stands against other Thursday’s worst-performing stocks.

Wall Street’s main indices edged lower on Thursday, erasing gains from the previous trading day that was buoyed by the Federal Reserve’s decision to keep rates unchanged.

Among the major indices, the tech-heavy Nasdaq led the drop, losing 0.33 percent. The S&P 500 declined by 0.22 percent, while the Dow Jones dipped by 0.03 percent.

Ten companies, predominantly under the micro- and small-cap sectors also mirrored losses. In this article, we have identified Thursday’s 10 worst performers and detailed the reasons behind their gains.

We classify micro-cap companies as those between $50 million and $300 million in market capitalization and small-cap firms as those between $300 million and $2 billion in market capitalization.

A large oil tanker being filled up in a refinery, a symbol of the company's vast energy production.

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

Leishen Energy dropped its share prices by 33.84 percent on Thursday to finish at $8.27 each as investors resorted to profit-taking following a 92.9-percent surge in the previous trading day.

On Wednesday, LSE soared as high as 92 percent at intra-day trading at $14.99 from its previous close of $7.77 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.

LSE, a clean energy equipment and integrated solutions provider for the oil and gas industries, is expected to benefit from the said government initiative.

The guidelines specify that China’s green certificate market trading system will be basically complete over the next two years, with further improvements expected in 2030.

According to analysts, the guideline will improve the market competitiveness of China’s clean energy and significantly expand the relevant market’s trading scale.

Overall, LSE ranks 2nd on our list of Thursday’s worst-performing stocks. While we acknowledge the potential of LSE as an investment, 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 as promising as LSE but 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.