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Home.forex news reportImperial Petroleum (IMPP) Authorizes $10 Million Share Repurchase Program

Imperial Petroleum (IMPP) Authorizes $10 Million Share Repurchase Program

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The share price of Imperial Petroleum Inc. (NASDAQ:IMPP) surged by 10.51% between February 6 and February 13, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Imperial Petroleum (IMPP) Authorizes $10 Million Share Repurchase Program
Imperial Petroleum (IMPP) Authorizes $10 Million Share Repurchase Program

Imperial Petroleum Inc. (NASDAQ:IMPP) is an international shipping transportation company that specializes in the transportation of various petroleum and petrochemical products in liquefied form.

Imperial Petroleum Inc. (NASDAQ:IMPP) received a boost on February 9 when the company announced that its Board of Directors had authorized officers to repurchase up to $10 million of its common stock. The shares may be purchased in open-market or privately negotiated transactions at times and prices deemed appropriate by the company.

Imperial also noted that the program may be suspended or discontinued at any time.

While we acknowledge the potential of IMPP 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: 10 High Yield Utility Stocks to Buy in 2026 and 10 Best American Oil and Gas Stocks to Buy

Disclosure: None.



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