Ten stocks boasted double-digit gains on Wednesday, outperforming a lackluster performance on Wall Street’s major indices, as investors digested a flurry of strong corporate earnings, upbeat outlooks, and price target upgrades, among others.
Meanwhile, the three major indices all finished in the red, led by the tech-heavy Nasdaq, declining 0.16 percent, and followed by the Dow Jones, shedding 0.13 percent. The S&P 500, on the other hand, finished flat.
Indices aside, we name the 10 top-performing stocks on Wednesday and break down the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
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10. Suzano SA (NYSE:SUZ)
Brazil-based pulp and paper manufacturer Suzano SA soared to a new 52-week high on Wednesday, as investors cheered its swing to profitability and plans to implement a new repurchase program.
At intra-day trading, the stock jumped to its highest price of $11.22 before trimming a few cents to end the day just up by 13.50 percent at $11.18 apiece.
In an earnings call, Suzano SA (NYSE:SUZ) said that it swung to a net income of R$13.4 billion last year from a R$7.04 billion net loss in 2024. Net revenues amounted to R$50 billion, marking a 6 percent jump from the R$47.4 billion year-on-year.
In the fourth quarter alone, net income reached R$116 million, reversing a R$6.7 billion net loss in the same quarter a year earlier. Net revenues, however, declined by 8 percent to R$13.1 billion from R$14 billion year-on-year, despite pulp and paper sales jumping by 4 percent and 10 percent, respectively.
Following the results, Suzano SA (NYSE:SUZ) unveiled plans to repurchase 40 million of its shares by August 2027, marking its sixth round of buyback. This followed the successful reacquisition of R$805 million shares, covering 14.82 million shares at an average price of R$54.33 apiece.
9. Lattice Semiconductor Corp. (NASDAQ:LSCC)
Lattice Semiconductor climbed to a new all-time high on Wednesday, as investors took heart from a strong revenue performance last year, which bolstered its targets of hitting double-digit growth in 2026.
At intra-day trading, the stock climbed to its highest price of $107.73 before paring gains to end the day just up by 16.29 percent at $105.77 apiece.
In an earnings call, Lattice Semiconductor Corp. (NASDAQ:LSCC) said that it was able to grow its revenues last year by 2.7 percent to $523 million from $509 million in 2024. However, net income fell by 95 percent to $3.08 million from $61 million year-on-year.
In the fourth quarter alone, revenues grew by 9.3 percent to $145.8 million from $117 million, but the company swung to a net loss of $7.6 million from $16.5 million in the same comparable period.
Looking into the first quarter of the year, Lattice Semiconductor Corp. (NASDAQ:LSCC) announced targets of growing its revenues by 31 to 43 percent to a range of $158 million to $172 million, versus $120.1 million in the first three months of last year.
Non-GAAP earnings per share are expected to be in the range of $0.34 to $0.38, marking a jump of 54 percent to 72 percent from the $0.22 posted in the first quarter of 2025.
8. Globalfoundries Inc. (NASDAQ:GFS)
Globalfoundries jumped to an over one-year high on Wednesday, as investors gobbled up shares after the company swung to profitability last year, marking a 439 percent improvement year-on-year.
In an earnings call, Globalfoundries Inc. (NASDAQ:GFS) said that it swung to a net income of $888 million in 2025 from a $262 million net loss in 2024. This came despite a mere 1 percent uptick in net revenues at $6.79 billion from $6.75 billion year-on-year.
In the fourth quarter alone, net income stood at $200 million, reversing a $729 million net loss in the same quarter a year earlier. Revenues, however, were flat at $1.83 billion.
Following the results, Globalfoundries Inc. (NASDAQ:GFS) saw its intra-day share price on Wednesday jump to as much as $48.88 before trimming a few cents to finish the session just up by 16.32 percent at $48.74 apiece.
In other news, Globalfoundries Inc. (NASDAQ:GFS) announced plans to buy back $500 million worth of its common shares in a bid to boost shareholder value.
The buyback may be implemented from time to time, through open market purchases and privately negotiated transactions, among others.
The initiative will run for a period of 12 months and may be modified, suspended, or terminated at anytime.
7. QXO Inc. (NYSE:QXO)
QXO climbed to a new 52-week high on Wednesday as investors supported plans to acquire Kodiak Building Partners for $2.25 billion.
At intra-day trading, the stock jumped to as high as $27.14 before paring gains to finish the session just up by 16.59 percent at $27.06 apiece.
In a statement on the same day, QXO Inc. (NYSE:QXO) said that it inked a definitive agreement to take over Kodiak, opening doors to a potential $200 billion addressable market.
Under the agreement, QXO Inc. (NYSE:QXO) would pay Kodiak worth $2 billion in cash and 13.2 million shares, with the former retaining the right to repurchase the equities at a price of $40 apiece.
The transaction is expected to close early in the second quarter of the year, subject to customary closing conditions.
According to QXO Inc. (NYSE:QXO), Kodiak generated $2.5 billion in revenues last year from the distribution of lumber, trusses, windows, doors, construction supplies, waterproofing, roofing, and complementary exterior products, as well as value-added assembly, fabrication, and installation services.
“The acquisition of Kodiak is highly complementary to our existing business. We’ll be able to deliver more value to customers across our combined base by cross-selling products and support services, and with a greater presence in key markets. And we expect the integration to accelerate margin expansion through scaled procurement, network optimization, AI-powered inventory management, and other tech-enabled operating efficiencies,” said Chairman and CEO Brad Jacobs.
“Our acquisition pipeline remains very active, with plenty of dry powder from our recently announced equity financings led by Apollo and Temasek,” he added.
6. Hinge Health Inc. (NYSE:HNGE)
Hinge Health extended its winning streak to a third consecutive day on Wednesday, surging 17.28 percent to close at $38.76 apiece as investors took heart from strong revenue performance last year, bolstering expectations for further double-digit growth in 2026.
In an updated report, Hinge Health Inc. (NYSE:HNGE) said that it grew its revenue last year by 50.7 percent to $587.86 million from $390.4 million in 2024, albeit net loss attributable to shareholders widened by more than 3,463 percent to $424 million from $11.9 million year-on-year.
Revenues in the fourth quarter alone jumped by 45 percent to $170.7 million from $117.2 million, while attributable net profit soared by 440 percent to $31.09 million from $5.76 million year-on-year.
“We closed out the year with an exceptional quarter and a strong selling season, driving our highest win rates to date and greatest number of eligible lives added in any year,” Hinge Health Inc. (NYSE:HNGE) CEO Daniel Perez saidl
“Our commercial momentum, combined with expanding margins and strong cash generation, gives us confidence in our ability to continue automating care delivery, sustain our position as a leader in digital musculoskeletal care, and drive attractive growth and increased margins in 2026,” he added.
Amid the strong results, Hinge Health Inc. (NYSE:HNGE) issued a double-digit revenue growth outlook for both the full-year and first quarter of 2026.
In the full-year alone, revenues are targeted to grow by 25 percent at the midpoint, to a range of $732 million to $742 million, while revenues in the first quarter are expected at $171 million to $173 million, implying a 39 percent growth at the midpoint.
5. Solstice Advanced Materials Inc. (NASDAQ:SOLS)
Solstice climbed to a new all-time high on Wednesday, as investors gobbled up shares ahead of the payment of its first round of dividends.
At intra-day trading, the stock jumped to its highest price of $75.41 before trimming gains to finish the day just up by 17.36 percent at $74.92 apiece.
In a statement, Solstice Advanced Materials Inc. (NASDAQ:SOLS) said that its board of directors approved the distribution of $0.075 worth of dividends for every common share owned by all shareholders as of February 24. The dividends will be paid on March 10, 2026.
The initiative followed the announcement of its earnings performance in the fourth quarter of last year. During the period, attributable net income fell by 69 percent to $41 million from $133 million in the same quarter in 2024.
Net sales, however, grew by 8 percent to $987 million from $913 million year-on-year.
For the full-year 2025, attributable net profit declined by 60 percent to $237 million from $594 million in 2024, while net sales inched up by 3 percent to $3.886 billion from $3.77 billion.
This year, Solstice Advanced Materials Inc. (NASDAQ:SOLS) is gunning for net sales growth of 3.4 percent to 8.7 percent to a range of $3.9 billion to $4.1 billion. Net sales are targeted at $935 million to $985 million.
4. BorgWarner Inc. (NYSE:BWA)
BorgWarner extended its winning streak to a fourth consecutive day on Wednesday to hit a new all-time high, as investors took heart from a series of newly-clinched deals across its businesses.
At intra-day trading, the stock jumped to its highest price of $68.82 before paring gains to finish the session just up by 22.45 percent at $66.10 apiece.
In a statement, BorgWarner Inc. (NYSE:BWA) said that it signed a new master supply agreement with TurboCell—a subsidiary of data center infrastructure developer Endeavour—for the supply of a highly modular turbine generator system.
The product has been in development for over three years and is expected to support the needs of AI data centers and other microgrid applications.
Production is expected to begin early next year, with estimated sales of $300 million in its first year.
Additionally, BorgWarner Inc. (NYSE:BWA) secured five more supply deals, including the delivery of variable turbine geometry turbocharger to a European original equipment manufacturer (OEM) of hybrid vehicles; integrated drive module for a European OEM, and a major North American OEM of extended electric vehicle trucks and large-frame SUVs; a battery management system with another international company; and an electric cross differential with a Chinese entity.
In other news, BorgWarner Inc. (NYSE:BWA) announced an 18 percent decline in attributable net income last year to $277 million versus $338 million in 2024.
Net sales, on the other hand, inched up by 1.4 percent to $14.3 billion from $14.09 billion year-on-year.
In the fourth quarter, the company narrowed its attributable net loss by 35 percent to $262 million from $405 million, while net sales jumped by 5 percent to $3.57 billion from 3.4 billion.
3. SOLV Energy Inc. (NASDAQ:MWH)
SOLV Energy saw its share prices jump by 22.68 percent apiece in its first day as a publicly listed company, reflecting a strong investor support for energy stocks amid a rapidly growing demand for their services in the US.
In its market debut, the stock opened the session at $30, dipped to a low of $29, and grew to a high of $31 before paring gains to end the day at $30.67 apiece.
SOLV Energy Inc. (NASDAQ:MWH) was able to raise $513 million in fresh funds from the successful sale of 20.5 million shares at an initial public offering of $25 apiece, bolstering its valuation to $6 billion.
Founded in 2008, SOLV Energy Inc. (NASDAQ:MWH) is a leading provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering.
Since its incorporation, it has so far built more than 500 power plants, representing 20 GW of generating capacity.
The company also provides operations and maintenance services to 146 operating power plants, representing over 18 GW of generating capacity.
In its updated report, the US Energy Information Administration said that it expects energy demand to increase by 1 percent this year and further by 3 percent next year on the back of higher economic activity and data center demand.
2. Vertiv Holdings Co (NYSE:VRT)
Vertiv Holdings soared to a new all-time high on Wednesday, as investors took heart from a stellar earnings performance and a highly optimistic outlook for next year, with revenues expected to grow by double-digits.
At intra-day trading, the stock jumped to its highest price of $249.95 before trimming gains to finish the session just up by 24.49 percent at $248.51 apiece.
In an updated report, Vertiv Holdings Co (NYSE:VRT) said that it grew its net income last year by 169 percent to $1.3 billion from only $495.8 million in 2024, as net sales jumped by 27 percent to $10.2 billion from $8.01 billion.
In the fourth quarter alone, net income tripled to $445.6 million from $147 million, while net sales soared by 22.5 percent to $2.88 billion from $2.35 billion, driven by organic sales growth of 19 percent.
Amid the strong results, Vertiv Holdings Co (NYSE:VRT) issued a net sales outlook of $13.25 billion to $13.75 billion for full-year 2026, or an implied growth of 27 to 29 percent year-on-year.
Diluted earnings per share (EPS) are also pegged at $5.27 to $5.37, while adjusted diluted EPS is targeted at $5.97 to $6.07, or an implied growth of 43 to 56 percent, respectively.
1. Teradata Corp. (NYSE:TDC)
Teradata Corp. rallied to a new 52-week high on Wednesday, as investors took heart from two investment companies’ price target upgrades for its stock.
At intra-day trading, the stock jumped to its highest price of $41.78 before trimming gains to finish the session just up by 29.59 percent at $37.88 apiece.
In a market report, Morgan Stanley raised its price target for the company by 14 percent to $40 from $35 previously, while maintaining its “overweight” rating. Even with the rally during the day, the new price target still represents a 5.6 percent upside potential from its latest closing price.
According to Morgan Stanley, Teradata Corp.’s (NYSE:TDC) fourth quarter revenues set the stage for a return to recurring revenue growth this year, with the AI sector expected to drive company growth.
In the fourth quarter of 2025, Teradata Corp. (NYSE:TDC) issued a modest jump in recurring revenues and ARR in 2026, while Morgan Stanley expects this to support more than 10 percent of year-o-year cash flow next year, on improving customer retention, as well as data and workload expansion.
It said that the company’s priority of AI projects should benefit the firm’s hybrid deployment model and large enterprise customer base.
Meanwhile, Teradata Corp. (NYSE:TDC) also received a higher price target of $35 from RBC, versus $32 previously, alongside a maintained “sector perform” rating.
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