10 Firms Blowing Up by Double Digits Today

6. EchoStar Corporation (NASDAQ:SATS)

EchoStar Corporation grew its share prices by 15.19 percent on Wednesday to finish at $22.78 apiece as investors cheered the company’s quick move to address an inquiry by the Federal Communications Commission (FCC) for the review of its federal 5G obligations.

EchoStar Corporation (NASDAQ:SATS) Chairman Charles Ergen responded to the query, underscoring its collaborative history with the FCC and its significant investments in deploying a 5G Open Radio Access Network across the US.

EchoStar Corporation (NASDAQ:SATS) also emphasized its efforts that led to the creation of more American jobs and a competitive wireless market alternative.

In the first quarter of the year, the company widened its net loss by 88.7 percent to $202.7 million from $107.4 million in the same period last year.

Revenues also dropped by 3.6 percent to $3.869 billion from $4.014 billion year-on-year.