What Happened?

A number of stocks jumped in the afternoon session after the US president announced a framework for a future deal with Greenland. Wall Street saw a broad-based rally, with the S&P 500 gaining 1.2% as investor concerns over global trade tensions eased. The positive sentiment followed an announcement that reversed course on plans to impose tariffs linked to Greenland, which had caused steep market losses earlier in the week. This recovery reflected renewed optimism in the market, as the threat of a widening trade conflict appeared to subside, encouraging investors to move back into equities.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Renewable Energy company Array (NASDAQ: ARRY) jumped 6.4%. Is now the time to buy Array? Access our full analysis report here, it’s free.
• Waste Management company Quest Resource (NASDAQ: QRHC) jumped 15.8%. Is now the time to buy Quest Resource? Access our full analysis report here, it’s free.
• Home Construction Materials company Gibraltar (NASDAQ: ROCK) jumped 7.3%. Is now the time to buy Gibraltar? Access our full analysis report here, it’s free.
• Energy Products and Services company FTAI Infrastructure (NASDAQ: FIP) jumped 5.1%. Is now the time to buy FTAI Infrastructure? Access our full analysis report here, it’s free.
• Renewable Energy company Sunrun (NASDAQ: RUN) jumped 9.1%. Is now the time to buy Sunrun? Access our full analysis report here, it’s free.

Zooming In On Quest Resource (QRHC)

Quest Resource’s shares are extremely volatile and have had 60 moves greater than 5% over the last year. But moves this big are rare even for Quest Resource and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was 11 months ago when the stock dropped 32.2% on the news that the company reported weak fourth-quarter results as revenue barely grew, missing expectations, and EBITDA declined significantly. The real story was the sharp drop in profitability, with adjusted EBITDA falling by more than half compared to the previous year, weighed down by higher costs, client attrition, and weaker demand in industrial end markets. With earnings pressure mounting, the company announced a 15% workforce reduction and an annualized $3 million cut in operating expenses. The company also named Perry Moss as CEO, signaling a shift in leadership. Overall, this was a disappointing quarter with little revenue growth and weaker earnings.

Quest Resource is up 13.4% since the beginning of the year, but at $2.25 per share, it is still trading 62.3% below its 52-week high of $5.96 from January 2025. Investors who bought $1,000 worth of Quest Resource’s shares 5 years ago would now be looking at an investment worth $787.72.

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