Ten stocks boasted double-digit gains on Wednesday, mirroring a broader market optimism, thanks to a combination of macroeconomic catalysts and corporate earnings reports which continued to spark buying appetite.
On Wall Street, all three major indices finished in the green, led by the Nasdaq, jumping 1.29 percent, followed by the S&P 500, growing 0.78 percent, and the Dow Jones, up 0.49 percent.
In this article, we name the 10 top-performing stocks on Wednesday and break down the reasons behind their gains.
To come up with the list, we focused on the companies with a $2 billion market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Eos Energy Enterprises Inc. (NASDAQ:EOSE)
Eos Energy extended its winning streak to a third consecutive day on Wednesday, jumping 11.39 percent to finish at $6.75 apiece, as investors mirrored two key executives’ acquisition of stakes in the company.
In separate regulatory filings, Eos Energy Enterprises Inc. (NASDAQ:EOSE) said that its chief executive officer, Joe Mastrangelo, acquired 60,000 more of its shares on Monday at a price of $5.75 apiece for a total of $345,000.
The transaction brought Mastrangelo’s total ownership in the company to over 1.46 million direct shares.
Meanwhile, Director Alexander Dimitrief on the same day increased his ownership by a total of $90,600, covering the acquisition of 15,000 shares at a price of $6.04 apiece. This brought his ownership in the company to 245,221, of which 235,221 represented direct shares, while the remaining 10,000 are indirectly owned through his spouse.
The transactions followed Eos Energy Enterprises Inc.’s (NASDAQ:EOSE) earnings performance last year, with full-year net loss attributable to shareholders widening by 41 percent to $969.6 million from $685.87 million in 2024. Revenues, however, soared by 632 percent to $114.2 million from only $15.6 million year-on-year, thanks to the scaled production of its first-generation highly automated manufacturing process, coupled with a 609 percent increase in customer deliveries.
In the fourth quarter alone, net loss attributable to shareholders narrowed by 55 percent to $120.4 million from $268.1 million, while revenues skyrocketed by 705 percent to $58 million from $7.2 million in the same period a year earlier, on the back of efficiency and quality improvements in multiple operations and implementation of subassembly automation.
For this year, Eos Energy Enterprises Inc. (NASDAQ:EOSE) is targeting to further grow its revenues by 162.7 percent to 250.3 percent to a range of $300 million and $400 million.
9. Nebius Group NV (NASDAQ:NBIS)
Nebius Group snapped a four-day losing streak on Wednesday, jumping 12.65 percent to finish at $97.78 apiece, as investors loaded portfolios after securing the approval of a local government in Missouri for the development of a 1.2 GW AI factory.
In a statement on Tuesday, Nebius Group NV (NASDAQ:NBIS) said that the Independence City government has officially approved the Chapter 100 industrial development incentive plan for the AI campus, paving the way for the official construction of the project.
The Independence City AI factory will sit on a 400-acre land and feature multiple buildings, a closed-loop cooling system that keeps water consumption comparable to a restaurant or office building, as well as noise-reduction technology.
Upon full operations, the project is expected to generate 1,200 skilled construction jobs, mostly among local building trades, with around 130 permanent high-technology positions.
Under the agreement, Nebius Group NV (NASDAQ:NBIS) would make Payments in Lieu of Taxes (PILOT) amounting to $650 million to the city over a 20-year period.
“Independence will be our largest AI factory in the United States to date, and we are fully committed to making it a project the city is proud of,” Nebius Group NV (NASDAQ:NBIS) CEO Arkady Volozh said. “This is our first project of this scale, but not the last.”
8. PBF Energy Inc. (NYSE:PBF)
PBF Energy soared to an over one-year high on Wednesday, as investors loaded portfolios ahead of business updates amid its participation in an upcoming conference.
At intra-day trading, the stock soared to its highest price of $45.13 before paring gains to finish the session just up by 12.68 percent at $44.80 apiece.
According to the company, members of its management team will take part in the Wolfe Research Refining Conference on Thursday, March 5, where investors will be watching out for cues to further boost buying appetite.
Meanwhile, Class A common shareholders on record as of February 25 are set to receive on March 11 amounting to $0.275 dividends for every share held.
The distribution followed PBF Energy Inc.’s (NYSE:PBF) strong fourth quarter performance, having swung to a net income attributable to shareholders of $78.4 million from a $289.3 million net loss attributable to shareholders in the same quarter a year earlier. Revenues, on the other hand, dipped by 3 percent to $7.14 billion from $7.35 billion year-on-year.
In the full-year period, PBF Energy Inc. (NYSE:PBF) remained at a net loss attributable to shareholders of $158.5 million, albeit 70 percent lower than the $533.8 million net loss attributable to shareholders in 2024. Revenues also fell by 11.5 percent to $29.3 billion from $33 billion year-on-year.
“2025 presented significant challenges and opportunities for PBF. Early in the year, unexpected downtime at our Martinez refinery resulted in substantial work and an unplanned use of resources. However, while this challenge was being addressed, we were also able to pursue efficiencies across the company, improving our cost structure and building a stronger operating base for the future,” PBF Energy Inc. (NYSE:PBF) President and CEO Matthew Lucey said.
“We are now in the final stages of restoration at Martinez, and our full system will soon be operational—positioning us well as the competitive landscape improves,” he added.
7. IREN Ltd. (NASDAQ:IREN)
IREN Ltd. soared by 12.84 percent on Wednesday to close at $43.84 apiece, as investors gobbled up shares following its expansion initiative that is expected to propel its annualized revenue run rate to $3.7 billion this year.
This followed its acquisition of 50,000 NVIDIA B300 GPUs, bringing its total fleet to 150,000.
“Scaling to 150,000 GPUs positions IREN among the largest AI cloud infrastructure providers globally and underscores the strength of our vertically integrated platform. In a supply-constrained environment, early hardware procurement reduces time-to-compute and increases execution certainty as we scale,” IREN Ltd. (NASDAQ:IREN) co-CEO Daniel Roberts said.
IREN Ltd. (NASDAQ:IREN) said that it is targeting to deploy the additional GPUs in phases through the second half of the year across its existing data centers in Mackenzie, British Columbia, and Childress, Texas.
The expansion program followed its successful raising of $9.3 billion in fresh funds over the past eight months across customer prepayments, convertible notes, GPU leasing, and GPU financing. It expects to leverage such and other capital sources to finance $3.5 billion in capital expenditures to support the orders by the end of the year.
Separately, IREN Ltd. (NASDAQ:IREN) has also tapped an at-the-market equity sale as it aims to raise more funds to complement existing and new funding sources.
Also on the same day, the company rallied alongside its counterparts after Bitcoin prices surged by as much as 8 percent to claw back to the $73,000 territory.
6. Wix.com Ltd. (NASDAQ:WIX)
Wix extended its winning streak to a third consecutive day on Wednesday, jumping 12.67 percent to finish at $83.78 apiece, as investors took heart from its strong revenue performance and an aggressive plan to mostly complete its $2 billion share buyback program.
In an updated report, Wix.com Ltd. (NASDAQ:WIX) said that it grew its revenues last year by 13 percent to $1.99 billion from $1.76 billion in 2024, on the back of a double-digit revenue growth from creative subscriptions and business solutions. However, net income dwindled by 63 percent to $50.6 million from $138.3 million year-on-year.
In the fourth quarter alone, Wix.com Ltd. (NASDAQ:WIX) said that revenues surged by 14 percent to $524.3 million from $460.4 million. However, it swung to a net loss of $40.2 million from a $48 million net income in the same period.
The company is targeting to grow its revenues by mid-teens in both the first quarter and full-year 2026, as well as mid-teens growth for bookings for the full-year period.
Earnings aside, Wix.com Ltd. (NASDAQ:WIX) announced that it would “aggressively and quickly” repurchase its shares to mostly complete its $2 billion authorized buyback program by the end of the year in a bid to boost shareholder value.
Of the total, some $575 million had already been bought back as of the end of 2025.
5. AST SpaceMobile Inc. (NASDAQ:ASTS)
AST SpaceMobile clawed back to the $100 territory on Wednesday, after securing the backing of a Canadian technology giant for its space-based cellular broadband network connectivity.
At intra-day trading, the stock climbed to its highest price of $106.66 before trimming gains to finish the session just up by 13.17 percent at $104.89 apiece, following announcements that Telus Corp. would invest in ground-based satellite infrastructure and become an equity shareholder of AST SpaceMobile Inc. (NASDAQ:ASTS).
The deal would allow Telus customers to use their existing smartphones by late 2026 to send messages, make calls, and use data in Canada’s remote locations, thanks to AST SpaceMobile Inc.’s (NASDAQ:ASTS) low-earth orbit satellite constellation.
“Canada’s vast geography, remote industries and dispersed communities make universal connectivity both a challenge and a necessity. By combining Telus’ proven leadership in network innovation with AST SpaceMobile’s innovative technology, we aim to provide seamless mobile coverage from city centers to the most isolated regions, ensuring people, businesses and first responders stay connected when it matters most,” AST SpaceMobile Inc. (NASDAQ:ASTS) Chief Commercial Officer Chris Ivory said.
4. Coinbase Global Inc. (NASDAQ:COIN)
Coinbase Global soared by 14.57 percent on Wednesday to finish at $208.93 apiece, following news that its chief executive sat down privately with President Donald Trump, who later publicly reiterated his backing for the cryptocurrency sector and the passage of the Clarity Act.
A news article by Politico said that Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong met with Trump on Tuesday, albeit details of the discussion were not divulged.
Shortly after, Trump took to his social media account to criticize banks, saying that they “need to make a good deal with the Crypto Industry” in order to advance the passage of a digital asset legislation that has stalled in the US Congress.
“The Genius Act is being threatened and undermined by the banks, and that is unacceptable—we are not going to allow it. The US needs to get market structure done, ASAP,” Trump said.
Trump’s comments propelled prices of Bitcoin during the day, surging as much as 8 percent to claw back to the $73,000 level.
In other news, Coinbase Global Inc. (NASDAQ:COIN) earlier this month announced a strong revenue performance for both the full-year and fourth quarter of 2025.
In the full-year period, revenues jumped by 9.4 percent to $7.18 billion from $6.56 billion in 2024. However, net income attributable to shareholders declined by 50 percent to $1.28 billion from $2.59 billion year-on-year.
In the fourth quarter alone, revenues declined by 21 percent to $1.78 billion from $2.27 billion, resulting in a net loss of $666.7 million versus a $1.29 billion net income attributable to shareholders in the same period a year earlier.
3. SSR Mining Inc. (NASDAQ:SSRM)
SSR Mining snapped a two-day losing streak on Wednesday, surging 14.97 percent to finish at $33.26 apiece after raising $1.5 billion in fresh funds from the sale of the majority of its stake in the Copler mine in what appears to be a business exit from Turkiye and a shift of focus on American operations.
In a statement, SSR Mining Inc. (NASDAQ:SSRM) said that it entered into a binding memorandum of understanding with Turkiye-based Cengiz Holding AS for the sale of its 80 percent ownership in the mine site, proceeds of which will be used for continued reinvestment in the business, capital returns, and accretive growth initiatives.
The transaction does not include SSR Mining Inc.’s (NASDAQ:SSRM) interest in the Hod Maden development, although the company is also reviewing the next steps for its 20 percent stake in the project.
“Over the last two years, we have worked diligently to progress the Çöpler mine to allow for a safe and responsible restart of operations. We have also concurrently worked closely with the Türkiye government authorities to address each requirement to secure the necessary approvals to restart operations. As part of these extensive efforts, we continued a strategic review of the optimal path forward at Çöpler to maximize shareholder value, and today we are pleased to announce this all-cash transaction with Cengiz Holding,” SSR Mining Inc. (NASDAQ:SSRM) Executive Chairman Rod Antal said.
“We believe the transaction will deliver significant net asset value and cash flow accretion relative to consensus estimates for Çöpler, which we expect will deliver immediate value to shareholders,” he added.
2. Moderna Inc. (NASDAQ:MRNA)
Moderna snapped a two-day losing streak on Wednesday, jumping 15.99 percent to finish at $57.80 apiece after resolving a four-year legal dispute with two biopharmaceutical companies in relation to an alleged patent infringement of their lipid nanoparticle (LNP) delivery technology.
In a statement, Moderna Inc. (NASDAQ:MRNA) said that it agreed to pay a total of $2.5 billion to Arbutus Biopharma Corporation and Genevant Sciences GmbH to resolve an LNP patent infringement case, of which $950 million will be paid in lump sum in the third quarter of the year, while the remaining $1.3 billion will be settled upon the decision on its appeal to the Federal Circuit.
The issue centered on Arbutus and Genevant’s allegations that Moderna Inc. (NASDAQ:MRNA) used their LNP technology for its Spikevax and mRESVIA vaccines without their permission.
“If Moderna ultimately prevails on that issue, no further payments will be due. If, however, the Federal Circuit affirms liability under Section 1498, Moderna has agreed to make an additional payment of up to $1.3 billion within 90 days of that decision, depending on the scope of the decision,” it said.
“Thereafter, should Moderna ultimately prevail through further proceedings—whether en banc, at the Supreme Court, or on remand to the district court—Arbutus/Genevant will refund the full payment plus interest,” it noted.
Moderna Inc. (NASDAQ:MRNA) said that it expects to record charges of $950 million in the first quarter of the year in relation to the settlement, and end the year with $4.5 billion to $5 billion in cash and cash equivalents.
1. Galaxy Digital Inc. (NASDAQ:GLXY)
Galaxy Digital rebounded by 17.70 percent on Wednesday to finish at $24.34 apiece as investors shifted to its US shares following news that it would voluntarily delist from the Toronto Stock Exchange (TSX) this month.
In a statement, Galaxy Digital Inc. (NASDAQ:GLXY) said that its board of directors decided to delist the company from the TSX effective March 19, 2026, to focus on its Nasdaq listing, given that the majority of its average daily trading volume is executed on the Nasdaq and other US markets.
It said the initiative would also help cut additional expenses and administrative requirements associated with its dual listing.
Galaxy Digital Inc. (NASDAQ:GLXY) is not required to seek approval of its shareholders, given that an alternative market is available to trade its Class A common shares.
In relation to the delisting, Galaxy Digital Inc.’s (NASDAQ:GLXY) ongoing share buyback program for its Canadian shares will likewise cease on the delisting date, but repurchase transactions for shares on the Nasdaq would continue on a normal basis and would not exceed 5 percent of the outstanding Class A common stock at any time or within the 12-month period.
In other developments, the company rallied alongside its counterparts after Bitcoin surged by as much as 8 percent during the trading session.
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