When investors think of big gains from newly minted stocks, they tend to focus on the technology sector. That’s been true as some recent big tech IPOs — like GoPro (GPRO) have surged since hitting the ticker tape this year. Tech has certainly been the reigning IPO king.
At least until fracking came to town.
As the U.S. has undergone its energy renaissance, the appetite for new energy stocks has been great. How great, exactly? There were seven new energy stocks that went public during the second quarter alone. Perhaps more importantly, data from Dealogic shows that those IPOs in the energy sector saw an average first weekly gain of nearly 19%.
And they aren’t done yet.
With conditions in the energy industry that haven’t been seen in decades, the newly minted IPOs went public at just the right time. For investors, betting on these new energy stocks is risky, but could lead to outsized gains in the years ahead. Here are five of the best energy IPOs to buy right now.