Shares of home energy technology company Enphase (NASDAQ:ENPH)
jumped 13% in the afternoon session after the solar sector received a boost from indications that U.S. lawmakers are considering preserving tax credits for rooftop solar.
Shares of regional bank Provident Financial Services (NYSE:PFS) jumped 5.8% in the afternoon session after Raymond James initiated coverage on the stock with a "Strong Buy" rating and set a $21 price target. The investment firm highlighted Provident as a "well-run franchise" that is poised to increase its market share, thanks to a robust balance sheet and strong liquidity.
Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 5.3% in the afternoon session after reports that Congress may not cut federal tax incentives for residential solar installations. The potential for clean energy tax credits to remain intact, and possibly even be made more generous, has sent a wave of optimism through the solar sector.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 6.2% in the afternoon session on continued positive momentum from the previous session, largely due to the follow-through enthusiasm surrounding the potential passage of the GENIUS Act.
Shares of intelligent lighting and space solutions provider Acuity Brands (NYSE:AYI)
jumped 7.7% in the afternoon session after the company reported impressive fiscal third-quarter results that significantly beat analyst expectations.
Shares of office furniture manufacturer MillerKnoll (NASDAQ:MLKN) jumped 10.7% in the afternoon session after the company reported fourth-quarter 2025 earnings and revenue that surpassed analyst expectations. The company posted adjusted earnings of $0.60 per share on revenue of $961.8 million. This performance comfortably beat Wall Street's consensus estimates, which had predicted earnings of $0.44 per share on $913.8 million in revenue. The strong results were driven by sales growth across all business segments, with consolidated net sales rising 8.2% compared to the same period last year. Investors were also encouraged by an 11.1% increase in orders during the quarter.
Microsoft CEO Satya Nadella believes that while AI is already advancing scientific discoveries, the real breakthroughs will come when quantum computing is combined with AI and high-performance computing.
Nvidia Corp (NASDAQ: NVDA) CEO Jensen Huang has revealed that the company's next major growth opportunity lies in robotics, aside from artificial intelligence (AI).
Bessent urged Congress to act or increase or suspend the debt limit as soon as possible, before its scheduled August recess, to protect the full faith and credit of the United States.
OpenAI and Microsoft are reportedly in a dispute over a contractual clause limiting Microsoft's access to Artificial General Intelligence (AGI), with both companies affirming their ongoing talks and optimism about their partnership's future.
Meta has introduced an AI-powered summaries feature for WhatsApp that generates unread message summaries for users while ensuring privacy by using Private Processing technology.
Climate solutions provider Anew Climate and U.S. forestry-focused carbon removal platform Aurora Sustainable Lands announced a new agreement with Microsoft for the delivery of 4.8 million nature-based carbon removal credits over 10 years.
