Broker firm BTIG initiated coverage on fintech stocks. SoFi, Upstart, PayPal, Opurton Financial, and Jack Henry & Associates stocks are surging after the rating, while those of Affirm, Block, Marqeta, Open Lending, and Green Dot are falling.
Shares of companies in the utilities sector were under pressure in early trading on Friday.
The next phase for U.S. utilities has begun, with many companies becoming “decarbonization enablers” and their models could “drive value from several clear mega-themes,” according to Goldman Sachs.