Why AleAnna (ANNA) Stock Price Jumped 87% as Europe Gas Shock Hit Markets
AleAnna shares surged 86.8% to $7.07 Friday, with over 115 million shares traded, after an independent report raised its year-end 2025 proved gas reserves by 47%. The rally followed a spike in European gas prices after Middle East strikes and as the EU urged lower gas-storage targets. AleAnna develops gas in Italy, with Shell Energy Europe as its exclusive buyer. The company reported internal control weaknesses and ongoing reliance on financing and approvals.