ProFrac Holding Corp. Class A (ACDC)

Over the past six months, ProFrac Holding Corp.'s stock has experienced significant volatility and a general decline. Key events impacting the stock include the launch of a public offering and Q2 2025 results in August 2025. In October 2025, Piper Sandler cut its price target on ProFrac, and the company filed to sell shares of Class A common stock for holders. November 2025 saw the release of Q3 2025 results, outlining a cost savings initiative and targeted capital raise amid a volatile quarter. In December 2025, Weiss Ratings reissued a sell rating on shares of ProFrac. In January 2026, Zacks Research raised ProFrac from a strong sell rating to a hold rating, and Morgan Stanley reiterated an underweight rating.

Demand for ProFrac Holding Corp.'s products and services exhibits seasonality, with the fourth quarter typically identified as seasonally weak for the company. Onshore US activity levels have been reported to be below maintenance levels, indicating a challenging demand environment. While increased LNG exports and rising power demand are expected to keep the natural gas market solid, the overall weak demand environment has put pressure on ProFrac's stock.

ProFrac Holding Corp. is a technology-focused, vertically integrated energy services company in the Oil Related Services and Equipment sector, providing products and services to oil and gas companies involved in unconventional oil and natural gas resource exploration and production across the United States and North America. The company's operations are divided into stimulation services, proppant production, and manufacturing. ProFrac's portfolio companies also provide solutions such as project design and manufacturing, sand and chemical supply, logistics coordination and data reporting, automation technology, emissions reduction, and additive manufacturing.

ProFrac Holding Corp. primarily operates throughout the United States, providing its services to oil and gas companies engaged in unconventional oil and natural gas resource exploration and production. The company's headquarters are located in Willow Park, Texas.

ProFrac Holding Corp.'s brand reputation over the past year has been impacted by its financial performance and analyst sentiment. The company has received an average rating of Reduce from brokerages, with some analysts issuing sell or underweight recommendations. The decline in financial performance during the fourth quarter of 2023, including a drop in pressure pumping revenue and adjusted EBITDA, has highlighted a challenging operational environment with reduced fleet activity and pricing pressures. The stock has also underperformed both the US Market and the US Energy Services industry over the past year.

ProFrac Holding Corp. has a diverse ownership structure, with 201 institutional owners and shareholders holding a total of 28,571,918 shares. Institutions hold approximately 60.92% of the common stock, while individuals/insiders hold about 4.91%, and public and other investors hold 1.78%. Major institutional shareholders include First Financial Bankshares Inc., Crestview Partners III GP, L.P., and Hotchkis & Wiley Capital Management Llc, among others.