Ten companies soared by double digits on Wednesday, outperforming a lackluster performance on the broader market, thanks to a flurry of strong corporate earnings and growth outlook for the rest of the year. Of the 10 in the list, eight notably jumped to fresh record highs.
Meanwhile, the Wall Street’s three major indices ended mixed, with the Nasdaq the sole gainer by 0.55 percent. The Dow Jones dropped by 0.16 percent, while the S&P 500 finished flat, following the Federal Reserve’s comments that a December rate cut is not guaranteed.
In this article, we spotlight the 10 top performers on Wednesday and detail the reasons behind their gains.
To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Hayward Holdings Inc. (NYSE:HAYW)
Shares of Hayward Holdings rallied to a new 52-week high on Wednesday following an impressive third quarter earnings performance, coupled with a bullish growth outlook for the full-year period.
In intra-day trading, Hayward Holdings Inc. (NYSE:HAYW) soared to its highest price of $17.65 before trimming gains to end the day just up by 12 percent at $17.17 apiece.
Investors cheered a strong net earnings performance during the third quarter, jumping 45 percent to $24 million from the $16.5 million in the same period last year.
Net sales also grew by 7.4 percent to $244 million from $227 million year-on-year, driven by positive net price to offset inflation and tariffs, increased volume, and the favorable impact from foreign currency translation.
Hayward Holdings Inc. (NYSE:HAYW) said the volume jump was primarily due to favorable timing of orders in the 2025 season.
For the full year, Hayward Holdings Inc. (NYSE:HAYW) is targeting net sales to end between $1.095 billion to $1.11 billion, or an increase of 4.5 percent to 5.5 percent from fiscal year 2024, as compared with its previous guidance of $1.07 billion to $1.1 billion.
It also expects adjusted EBITDA to be in the range of $292 million to $297 million, or a 5 to 7 percent growth year-on-year, as compared with the $280 million to $290 million outlook previously.
9. Fluence Energy, Inc. (NASDAQ:FLNC)
Fluence Energy rebounded by 12 percent on Wednesday to close at $20.28 apiece as investors repositioned portfolios ahead of the results of its full fiscal year earnings performance.
Fluence Energy, Inc. (NASDAQ:FLNC) said it is scheduled to release its financial and operational highlights after market close on November 24, 2025. A conference call will be held before market open to discuss the results.
In its last quarterly report, Fluence Energy, Inc. (NASDAQ:FLNC) provided a revenue outlook guidance of $2.6 billion to $2.8 billion for the full fiscal year, but said that it would likely hit the lower range due to a slower than expected production ramp up at its recently commissioned US manufacturing facilities. Anticipated revenues from the delay are expected to carry over to fiscal year 2026.
“These facilities are expected to reach targeted capacity by calendar year-end, ensuring on-time customer deliveries and strengthening Fluence’s domestic content position,” it said.
Meanwhile, Fluence Energy, Inc. (NASDAQ:FLNC) targeted adjusted EBITDA to settle between $0 and $20 million, reflecting stronger than projected gross margins for the third fiscal quarter, coupled with overhead cost reductions.
Annual recurring revenue was also pegged at $145 million.
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