Why Paladin Energy, Alcoa and Zip shares are making headlines on Friday

Paladin Energy, Alcoa, and Zip shares are grabbing ASX investor interest on Friday. But why?

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Paladin Energy Ltd (ASX: PDN), Alcoa Corp (ASX: AAI), and Zip Co Ltd (ASX: ZIP) shares are catching financial headlines today.

In morning trade on Friday, two of the S&P/ASX 200 Index (ASX: XJO) stocks are racing ahead of the 0.5% losses posted by the benchmark index at the time of writing, while one is trailing those losses.

Here's what's catching ASX investor interest.

Surprised child reading all about ASX 200 shares in a newspaper.

Image source: Getty Images

Zip shares rocket on record quarterly earnings

Zip shares are racing higher today, up 11.7% and trading for $2.29 apiece.

This strong performance follows the release of the ASX 200 buy now, pay later (BNPL) stock's third-quarter (Q3 FY 2026) results.

Highlights for the three months included a 22.4% year-on-year increase in total transaction volume (TTV) to $4 billion. And total income was up 20.2% from Q3 FY 2025 to $335.2 million.

Zip shares are also getting a boost with the company reporting record quarterly earnings. Earning before tax, depreciation and amortisation surged 41.5% year on year to $65.1 million.

This led management to upgrade Zip's full-year FY 2026 cash EBTDA guidance to no less than $260 million.

Which brings us to…

Paladin Energy shares lift on production upgrade

Paladin Energy shares are also making news and enjoying a strong run today. Though not quite as strong as Zip shares.

Shares in the ASX 200 uranium stock are changing hands for $14.54 at the time of writing, up 2.7%.

Investors are bidding up Paladin Energy shares after the company released a positive operations and guidance update for its Langer Heinrich Mine (LHM).

Following an efficient ramp-up of LHM to full mining, and with 3.6 million pounds of uranium oxide produced so far in FY 2026, management increased full-year uranium production guidance to between 4.5 million and 4.8 million pounds. That's up from previous guidance of 4.0 million to 4.4 million pounds.

Also likely helping boost Paladin Energy shares today, the company reduced its full-year capital and exploration expenditure guidance.

And finally…

Alcoa shares slide on revenue dip

Joining Paladin and Zip shares in the headlines today, but heading in the other direction, is Alcoa, which produces and sells bauxite, alumina, and aluminium products.

Alcoa shares are down 2.9% at the time of writing, swapping hands for $97.14 apiece.

Investors have been pressuring the ASX 200 stock following the release of its quarterly update.

While adjusted EBITDA, excluding special items, increased 13% quarter on quarter to US$595 million, alumina production fell 5%, impacted in part by Cyclone Narelle.

This led to a 7% quarter-on-quarter decline in revenue to US$3.2 billion.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Broker written in white with a man drawing a yellow underline.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A boy bounds after a big colourful bouncing ball in a grassy field.
Share Market News

ASX 200 energy shares lead and market finally cracks 8-day losing streak

The ASX 200's painful 8-day slide finally ended on Friday.

Read more »

Business people discussing project on digital tablet.
Broker Notes

Buy, hold, sell: Mesoblast, Mineral Resources, and Woolworths shares

Analysts have given their verdict on these shares. Let's see what they are saying.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Broker Notes

These top ASX 200 shares could rise 30% to 40%

Analysts are predicting big things from these shares. Let's find out why.

Read more »

Stacks of coins in a row with each higher than the last, and a person standing on top of each one watching them grow.
Dividend Investing

How I'd invest $2,000 in high-yield ASX 300 shares

I rate these businesses as strong buys for the long-term.

Read more »

A rueful woman tucks into a sweet pie as she contemplates a decision with regret.
Share Fallers

The worst 4 ASX 200 stocks to buy and hold in April unmasked

Investors sent these four ASX 200 stocks tumbling 21% to 44% in April.

Read more »

A man sitting at a computer is blown away by what he's seeing on the screen, hair and tie whooshing back as he screams argh in panic.
Share Fallers

Why these top ASX shares sank 10%+ in April

It was a tough month for these popular shares.

Read more »

A man in his office leans back in his chair with his hands behind his head looking out his window at the city, sitting back and relaxed, confident in his ASX share investments for the long term.
Broker Notes

Buy, hold, sell: Netwealth, PLS, and Reliance shares

Morgans has given its verdict on these shares. Let's see what the broker is saying.

Read more »