The stock market edged lower on the last day of the trading week as investors sold off positions to mitigate risks from the anticipated trade talks between the US and China this weekend.
The Dow Jones and the S&P 500 both fell by 0.29 percent and 0.07 percent, respectively. In contrast, the tech-heavy Nasdaq ended flat.
Beyond the major indices, 10 companies traded strongly, finishing with as much as double-digit gains, thanks to the continued positive earnings performance and optimistic outlooks.
In this article, we name Friday’s 10 best-performing stocks 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 $5-million trading volume.
Photo by Markus Winkler on Pexels
10. Lucid Group Inc. (NASDAQ:LCID)
EV-maker Lucid Group Inc. jumped by 8.66 percent on Friday to close at $2.51 apiece as investor sentiment was fueled by its aggressive expansion plans, shunning news of a mixed earnings performance in the first quarter of the year.
According to the company, it is on track to ramp up vehicle production to 20,000 units per year, more than double the 9,000 units delivered last year.
In the first quarter alone, Lucid Group Inc. (NASDAQ:LCID) delivered 3,109 units, translating to $235 million in sales.
“We continued to build momentum in the first quarter as we achieved yet another delivery record, further strengthened our market position, and executed against operational priorities,” said Lucid Group Inc. (NASDAQ:LCID) Interim CEO Marc Winterhoff.
“Lucid Gravity is beginning to arrive in more customers’ driveways and at our studios, and combined with our progress toward future initiatives, our company is well-positioned for future success,” he noted.
In the first three months, Lucid Group Inc. (NASDAQ:LCID) saw net loss attributable to shareholders widen by 6.7 percent to $731 million from $685 million in the same period last year. However, revenues grew by 36 percent to $235 million from $172.7 million year-on-year.
9. Algonquin Power & Utilities Corp. (NYSE:AQN)
Algonquin saw its share prices jump by 9.71 percent on Friday to close at $5.99 apiece as investors cheered the company’s swing to profitability in the first quarter of the year.
In a statement, Algonquin Power & Utilities Corp. (NYSE:AQN) said that it achieved a net income attributable to shareholders of $96.8 million, a reversal of the $89.1 million net loss recorded in the same period last year.
“Our results were solid, reflecting the strength of our core regulated utility operations, even when accounting for one-time items that contributed positive tailwinds,” said Algonquin Power & Utilities Corp. (NYSE:AQN) CEO Rod West, adding that he was encouraged by the opportunities ahead.
The company said that it would elaborate on its earnings performance in an investor call on June 3.
In other news, Algonquin Power & Utilities Corp. (NYSE:AQN) declared a cash dividend of $0.65 per share to shareholders for the period from April 1 to June 30, 2025. The dividends will be paid out on July 15.
Shareholders can also opt to receive the dividends in Canadian dollars in the amount of C$0.0897.
8. MARA Holdings Inc. (NASDAQ:MARA)
MARA Holdings extended its winning streak for a fourth straight day on Friday, adding 10.29 percent to finish at $15.76 apiece as investor sentiment was buoyed by its strong revenue performance in the first three months of the year.
In its letter to shareholders, MARA Holdings Inc. (NASDAQ:MARA) said that revenues increased by 30 percent to $213.9 million from the $165 million registered in the same period last year, thanks to the 77 percent increase in average Bitcoin prices, which partially offset lower Bitcoin production.
However, the company remained at a net loss of $533.4 million versus a net income of $337.2 million in the first quarter of last year.
“Although we recognized a loss in [the first quarter] based on a quarter-end [Bitcoin] price of $82,534, the current BTC price of approximately $100,000 would imply a substantial fair value gain,” the company noted.
7. Sunrun Inc. (NASDAQ:RUN)
Sunrun Inc. grew its share prices for a fourth consecutive day, jumping 10.35 percent to close at $9.38 apiece as investor sentiment was boosted by a strong earnings performance in the first quarter of the year.
In a statement, Sunrun Inc. (NASDAQ:RUN) said that it swung to a net income attributable to shareholders of $50 million in the first quarter of the year, a reversal from the $87.8 million in the same period last year.
Total revenues increased by 10 percent to $504 million from $458 million year-on-year, primarily driven by a 25-percent surge in revenues from customer agreements and incentives, which partially offset the 25-percent decline in revenues from solar energy systems and product sales.
Despite the strong figures, Sunrun Inc. (NASDAQ:RUN) posted a conservative outlook for the rest of the year.
“It is a dynamic environment for tax policy and tariffs. Like many companies across the country, we are controlling what we can and are ready to adapt to changes that may occur. Sunrun has faced periods of major change over the last few years, and we used it as an opportunity to become even stronger. We believe the tariff outlook is manageable, and we will still generate meaningful cash this year,” said CEO Mary Powell.
6. Toast, Inc. (NYSE:TOST)
Toast Inc. saw its share prices surge by 11.43 percent on Friday to end at $40.84 apiece after jumping to profitability in the first quarter of the year.
In its earnings release, Toast, Inc. (NYSE:TOST) said it achieved a net income of $56 million during the period, a reversal from the $83 million net loss in the same period last year.
Revenues were higher by 24 percent to $1.3 billion from $1.07 billion year-on-year, primarily driven by its financial technology solutions and subscription services, which partially offset the decline in revenues from hardware and professional services.
For the full year 2025, Toast, Inc. (NYSE:TOST) expects to book between $1.775 billion and $1.795 billion in revenues from its subscription services and financial technology solutions, or a 25 to 27 percent growth from the first quarter of 2024.
For the second quarter alone, revenues from the same segment are expected to increase by 26 to 29 percent to a range of $435 million to $445 million.
5. Coeur Mining, Inc. (NYSE:CDE)
Coeur Mining grew its share price by 12.48 percent on Friday to finish at $7.84 apiece as investor sentiment was fueled by its strong earnings performance in the first quarter of the year.
In a statement, Coeur Mining, Inc. (NYSE:CDE) said it swung to a net income of $33.4 million from a $29.1 million net loss in the same period last year as revenues jumped by 69 percent to $360.1 million from $213.1 million year-on-year.
Amid the promising figures, Coeur Mining, Inc. (NYSE:CDE) President and CEO Mitchell Krebs said that the company is now in a strong position to deliver record operational and financial results for the rest of the year.
For the full year 2025, Coeur Mining, Inc. (NYSE:CDE) expects to produce 95,000 to 105,000 ounces of gold and 5.4 million to 6.5 million ounces of silver. It also targets to spend between $26 million and $32 million, consisting primarily of sustaining capital and underground development.
4. Microchip Technology Inc. (NASDAQ:MCHP)
Microchip Technology saw its share prices jump by 12.6 percent on Friday to end at $55.33 apiece as investors loaded up positions after earning a rating upgrade from Bank of America.
In its market note, Bank of America raised Microchip Technology Inc. (NASDAQ:MCHP) to Neutral from Underperform amid the latter’s early signs of sales recovery, aggressive cost-cutting measures, and renewed strategic focus under its returning CEO.
“The return of well-regarded prior CEO Steve Sanghi has greatly enhanced the level of restructuring urgency and customer/product focus at Microchip,” Bank of America said.
Additionally, the investment firm raised its price target for Microchip Technology Inc. (NASDAQ:MCHP) to $56 from $44 previously, albeit just a 1.2 percent upside from its latest closing price.
Still, it said that it was confident about the semiconductor manufacturer’s earnings potential.
“Even a modest sales rebound could translate into outsized earnings leverage,” it said.
In the first quarter of the year, the company swung to a net loss attributable to shareholders of $156.8 million from a $154.7 million net profit in the same period last year. Net sales dropped by 27 percent to $970.5 million from $1.325 billion year-on-year.
3. The Trade Desk, Inc. (NASDAQ:TTD)
The Trade Desk Inc. grew its share prices by 18.6 percent on Friday to finish at $71.04 apiece following an impressive income performance during the first quarter of the year.
According to the company, its net income jumped by 59 percent to $51 million from $32 million in the same period last year, as revenues grew by 25 percent to $616 million from $491 million year-on-year.
Additionally, it achieved a strong customer retention of over 95 percent during the past quarter.
“As we build on this momentum, we’re optimistic about our ability to continue to outpace the market and deliver increasing value to marketers who prioritize objective, transparent, and data-driven media buying on the open internet,” said The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeff Green.
For the second quarter of the year, The Trade Desk, Inc. (NASDAQ:TTD) targets to book at least $682 million in revenues and adjusted EBITDA of approximately $259 million.
2. Rumble Inc. (NASDAQ:RUM)
Rumble Inc. jumped by 19.54 percent on Friday to finish at $9.30 apiece as investor sentiment was fueled by a strong first-quarter earnings performance.
In its earnings release, Rumble Inc. (NASDAQ:RUM) said net loss shrunk by 94 percent to $2.7 million from $43.3 million in the same period last year, while revenues increased by 34 percent to $23.7 million from $17.7 million year-on-year driven by increased subscription revenue and monetization across its video and advertising platforms.
While the company did not provide any financial targets for the second quarter and full-year 2025, it signaled plans to expand “in initiatives that could accelerate and expand our business,” thanks to its recently raised fresh funds worth $775 million from Tether.
According to Rumble Inc. (NASDAQ:RUM) earlier, some $250 million of the proceeds will be used to support growth initiatives.
1. Lyft, Inc. (NASDAQ:LYFT)
Lyft Inc. saw its share prices soar by 28.08 percent on Friday to end at $16.65 apiece after reporting profitability in the first three months of the year.
According to the company, it achieved a net income of $2.6 million during the period, a reversal from the $31.5 million net loss in the same period last year, as revenues grew by 13.5 percent to $1.45 billion from $1.277 billion year-on-year.
Gross bookings also grew by 12.7 percent to $4.28 billion from $3.69 billion in the same comparable period, supported by the increase in the number of active riders and ridership.
For the second quarter, Lyft, Inc. (NASDAQ:LYFT) said it expects ridership to grow mid-teens year-on-year.
Gross bookings are also targeted to settle between $4.41 billion and $4.57 billion, or a 10 to 14 percent year-on-year growth.
“With our expansion into new demographics via Lyft Silver and into Europe with our planned FREENOW acquisition, we’re putting all the pieces in place for sustained, market-leading performance,” said Lyft, Inc. (NASDAQ:LYFT) CEO David Risher.
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