Energy Stocks Gaining Momentum: SIRC, SNRG, HNRC, GEGR, EGYF

Over the course of the majority of this year, energy stocks have been the subject of focus among investors in a big way and for a big reason too, given the turbulence in the sector owing to the Russia-Ukraine war. Hence, it is a sector that has seen a lot of action in recent times and investors have hundreds upon hundreds of options to choose from. This article is, however, going to deal with those energy stocks which have been gaining momentum lately and that is going to narrow down the list considerably. Here is a look at five of those.

Solar Integrated Roofing Corp (OTCMKTS:SIRC) – On Tuesday, the Solar Integrated Roofing Corp stock gained strong momentum and ended up with gains of as much as 8.70% amidst sharp focus. While it is true that there was no news about the company yesterday, it should be noted that the solar power and roofing systems company made a major announcement back on October 4.

At the time the company had announced that it had appointed its long-time operations executive Stefan Abbruzzese as its new President. It had gone into effect immediately.

Houston Natural Resources Corp (OTCMKTS: HNRC) – Recently, Houston Natural Resources Corp was one of the companies to have come into the news cycle.

The company announced that it had extended its letter of intent for the purpose of acquiring an even bigger stake, which could go up to as much as 100%, in the firm Cunningham Energy LLC. The company has until December 31, 2022, to follow up in its interest. It may be a good time to keep an eye on Houston Natural Resources Corp.

SusGlobal Energy Corp (OTCMKTS: SNRG) – The other energy-related stock which may be worth tracking this morning is that of SusGlobal Energy Corp after it emerged as a notable mover yesterday and ended up with gains of 9%.

There was no news yesterday about the company but back on October 4, it had been announced that its Chief Executive Officer Marc Hazout was going to participate in an interview in which he was going to discuss the latest achievements of the company in bringing revenues through sales of carbon credits.

Gaensel Energy Group Inc (OTCMKTS: GEGR) – Although it is true that Gaensel Energy Group Inc is also involved in the energy sector, as the name suggests, it is also important for investors to keep in mind that it is a diversified holding company and has a wide range of interests. Last week the company was in the news after it announced it had acquired 33% of the SPI SPA capital shares and 25% of CONSORZIO DEDALO. The former is an Italy-based real estate financing and development firm.

Energy Finders Inc (OTCMKTS: EGYF) – Last but certainly not least it is Energy Finders Inc that may be of interest to investors at this point. While it is true that the company does currently have any significant operations, it is seeking a merger or a business combination which may even lead to a change in its core business operations. The company had been established in 2006 and is based out of Central in Hong Kong.