Ten stocks capped off the trading week soaring by significant gains amid the flurry of strong corporate earnings, upbeat outlooks, and merger deals which boosted buying appetite.
The stocks—four of which soared to new record highs—bucked a lackluster performance on the broader market after the three benchmark indices finished mixed during the day. Of the three indices, only the Nasdaq closed in the green, up 0.13 percent. Meanwhile, the Dow Jones and the S&P 500 fell by 0.65 percent and 0.05 percent, respectively.
In this article, we name the 10 top performing stocks on Friday and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and more than 5 million shares in trading volume.
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10. Topgolf Callaway Brands Corp. (NYSE:MODG)
Topgolf rallied to a new one-year high on Friday, as investors positioned portfolios amid reports that it is exploring a sale of its entertainment business for around $1 billion.
At intra-day trading, the stock soared to its highest price of $11.60 before trimming gains to end the day just up by 6.52 percent at $11.27 apiece.
According to a report by Wall Street Journal, citing sources privy to the matter, Topgolf Callaway Brands Corp. (NYSE:MODG) is now in talks with private equity firm Leonard Green & Partners for the potential takeover.
The move followed announcements last year that it would split its businesses into two to focus on their strengths and capitalize on the strong growth of its Callaway gold equipment and lifestyle brand.
Meanwhile, Bloomberg reported last month that Topgolf Callaway Brands Corp. (NYSE:MODG) was also considering a sale of its Callaway brand and that it was already soliciting interests from private equity funds and fashion firms.
Earlier this month, the company announced a 308 percent wider net loss in the third quarter of the year at $14.7 million versus $3.6 million in the same period last year. Net revenues dropped by 7.8 percent to $934 million from $1.012 billion year-on-year.
In other news, Topgolf Callaway Brands Corp. (NYSE:MODG) announced the extension of a multi-year licensing agreement with Perry Ellis International Inc. for the design, manufacturing and distribution of Callaway-branded golf and lifestyle apparel through 2032. A new premium Callaway Apparel line is also expected to be launched no later than 2028.
9. Bloom Energy Corp. (NYSE:BE)
Bloom Energy snapped a three-day losing streak on Friday, adding 8.05 percent to close at $111.89 apiece as investors resorted to bargain-hunting following the previous days’ drop.
Earlier, Bloom Energy Corp. (NYSE:BE) successfully raised $2.2 billion in fresh funds to finance research and development, manufacturing activities, and other general corporate purposes.
Under the terms of the issuance, noteholders are able to convert their holdings to cash, shares, or a combination of both beginning August 15, 2030, before the notes mature on November 30, 2030.
Every $1,000 note would be converted to 5.1290 Class A common shares, representing a 52.50 percent premium over its $127.85 closing price on October 30, 2025.
Bloom Energy Corp. (NYSE:BE) also reported earlier that it widened its net loss attributable to shareholders by 56 percent to $23 million from $14.7 million year-on-year, but was lower by 46 percent than the $42.6 million net loss in the last quarter.
Revenues grew by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.
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