Huntsman's stock price soared 6.26% during intraday trading on Friday.
The surge was driven by the company's better-than-expected first-quarter financial results. Huntsman reported Q1 revenue of $1.42 billion, surpassing analyst estimates, with adjusted EBITDA of $73 million also coming in significantly above consensus expectations. While the company reported a net loss, management highlighted successful price increases to counter cost volatility.
Investor sentiment was further bolstered by the company's positive outlook for the second quarter, anticipating improved profitability from volume growth and margin expansion. The simultaneous announcement of a $0.0875 per share cash dividend and a price target increase from Mizuho Securities provided additional support for the bullish move.