Ten stocks boasted double-digit gains on Friday, defying a broader market pessimism, as investors took heart from renewed optimism for the artificial intelligence sector, alongside other company-specific developments. Of the said firms, four soared to new record highs.
On Wall Street, the three main indices all finished in the red, led by the Dow Jones, down 0.17 percent, while the S&P 500 and the Nasdaq both dipped by 0.06 percent.
Indices aside, we highlight the 10 top-performing stocks on Friday and detail the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with more than $2 billion in market capitalization and 5 million shares in trading volume.
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10. Silvercorp Metals Inc. (NYSEAMERICAN:SVM)
Silvercorp notched a new all-time high on Friday, as investor optimism was fueled by strong preliminary earnings results for the third quarter of fiscal year 2026, with revenues soaring by 51 percent.
Following six straight days of gains, the stock finished the day higher by 10.88 percent at $11.31 apiece—its highest price so far.
In a statement, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) said that revenues in the third quarter jumped to $126.1 million from $83.6 million in the same period last year on the back of higher silver prices during the period which offset a 4 percent decrease in silver production.
Silver production ended at 1.9 million ounces, lower than the 1.946 million ounces in the same period last year, while silver equivalent decreased by 5 percent to 2 million ounces from 2.1 million ounces previously.
Similarly, lead production ended weaker by 4 percent at 16.4 million pounds versus 17.09 million year-on-year.
Only zinc production posted a jump in operations, at 7 million pounds, or 5 percent higher than 6.67 million pounds in the same comparable period.
Official results are set to be released after market close on February 9.
9. T1 Energy Inc. (NYSE:TE)
T1 Energy bounced back by 10.26 percent on Friday to finish at $8.17 apiece as investors took heart from a stronger outlook for the solar industry over the next two years.
In its short term energy outlook published on the same day, the US Energy Information Administration (EIA) said that it expects power generation from solar and wind to pick up by 21 percent in 2027 from 18 percent last year, while the share of natural gas, coal, and nuclear would fall to 72 percent from 75 percent in 2025.
The utility-scale solar sector is projected to grow the fastest, increasing from 290 BkWh in 2025 to 424 BkWh by 2027.
Almost 70 GW of new solar generating capacity projects are set to come online this year and the next, representing a 49 percent jump in US solar operating capacity versus in 2025.
Much of the addition would come from Texas, where T1 Energy Inc. (NYSE:TE) is developing its $425 million solar cell fabrication facility.
Called the G2_Austin, the facility is targeted to produce an annual capacity of 2.1 GW of high-efficiency TOPCon solar cells. Construction of the project began last month, with commercial operations targeted by the end of the year.
Meanwhile, T1 Energy Inc. (NYSE:TE) said that the second phase would be capable of producing 3.2 GW of solar cells with a potential room for expansion depending on the demand.
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