U.S. stocks were higher, with the Dow Jones gaining over 350 points on Wednesday.
Shares of GE Vernova Inc (NYSE:GEV) rose sharply after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance above estimates.
Adjusted EPS was $2.06, topping the $1.88 estimate, while revenue of $9.339 billion exceeded the $9.173 billion consensus. GAAP diluted EPS was $17.44.
Revenue rose 16% year over year, with organic growth of 7%, while net income reached $4.7 billion, including $4.5 billion in pre-tax M&A gains primarily from Prolec GE.
GE Vernova shares jumped 14.1% to $1,131.00 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Inhibrx Biosciences Inc (NASDAQ:INBX) shares jumped 32.8% to $111.71 after announcing updated interim data from Phase1/2 ozekibart combination with folfiri evaluation.
- POET Technologies Inc (NASDAQ:POET) gained 22.3% to $12.53.
- Voyager Acquisition Corp (NASDAQ:VACH) gained 20.5% to $13.25.
- Healthcare Services Group Inc (NASDAQ:HCSG) jumped 19.1% to $23.04 after the company reported better-than-expected first-quarter financial results.
- Vicor Corp (NASDAQ:VICR) shares surged 17.5% to $289.26 after the company issued second-quarter sales guidance above estimates. Also, the company issued FY26 sales guidance above estimates.
- Redwire Corp (NYSE:RDW) gained 17.2% to $12.08.
- Wolfspeed Inc (NYSE:WOLF) gained 16.8% to $28.86. Wolfspeed announced the appointment of Yasuhisa Harita as regional president for Asia Pacific.
- FuelCell Energy Inc (NASDAQ:FCEL) rose 16.8% to $11.10.
- Navitas Semiconductor Corp (NASDAQ:NVTS) gained 13.7% to $17.43.
- USA Rare Earth Inc (NASDAQ:USAR) gained 12.2% to $25.65.
- Masco Corp (NYSE:MAS) gained 10.6% to $73.82 after the company reported better-than-expected quarterly financial results.
- Avis Budget Group Inc (NASDAQ:CAR) rose 10.4% to $788.18.
- Intuitive Machines Inc (NASDAQ:LUNR) jumped 10.3% to $30.70.
- AXT Inc (NASDAQ:AXTI) rose 9.7% to $82.30.
- Rogers Communications Inc (NYSE:RCI) gained 9.3% to $36.07 after the company reported better-than-expected first-quarter financial results.
- Boston Scientific Corp (NYSE:BSX) gained 8.1% to $64.31 after the company reported better-than-expected quarterly financial results.
- Manhattan Associates Inc (NASDAQ:MANH) gained 7.8% to $145.53 after the company reported better-than-expected first-quarter financial results and raised its FY26 guidance above estimates.
- Oklo Inc (NYSE:OKLO) gained 7.7% to $67.43.
- Intuitive Surgical Inc (NASDAQ:ISRG) gained 7% to $482.86 following upbeat quarterly earnings.
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