Berry Corporation (BRY) Jumps Following Reports of Merger

The share price of Berry Corporation (NASDAQ:BRY) surged by 25.16% between September 9 and September 16, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Berry Corporation (NASDAQ:BRY) is an independent energy company that engages in the acquisition, development, and production of domestic oil and gas reserves primarily in California and Utah.

Berry Corporation (NASDAQ:BRY) rallied this week following reports that the company is set to merge with California Resources in an all-stock deal valuing Berry at approximately $717 million, including debt. The announcement comes just days after lawmakers in California passed a bill to boost oil drilling in Kern County.

The transaction is expected to close in the first quarter of 2026, with California Resources shareholders owning about 94% of the combined company.

While we acknowledge the potential of BRY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Top 10 Stocks Under $10 That Could Triple and 10 Best Affordable Stocks Under $50 to Buy.

Disclosure: None.