Activist hedge fund Jana Partners is urging theme-park operator Six Flags Entertainment to explore a potential sale of the company, according to a Wall Street Journal report citing people familiar with the matter. Jana Partners, which holds approximately a 9% economic stake in Six Flags valued at around $200 million, sent a letter to the company's board expressing frustration with its strategic direction and financial performance, particularly following disappointing second-quarter results. The fund is calling on the board to immediately engage an investment bank to pursue a sale as the most viable path to restoring shareholder value. Shares of Six Flags rose more than 5% in after-hours trading following the report and carried gains into the next session. Meanwhile, Spanish energy company Repsol saw its stock rise modestly as the company reported revenue reaching EUR 18.33 billion, with shares trading up 0.53% on European markets. The company's financial performance reflects ongoing dynamics in the energy sector as global markets adjust to evolving supply and demand conditions. In Asia, South Korean solar firms Hanwha Solutions and OCI Holdings jumped more than 8% as U.S. restrictions on Chinese solar products remain firmly in place ahead of high-level trade discussions. Analysts indicate that the U.S. is unlikely to ease these trade barriers due to solar energy's growing strategic importance to national security. The trade policies benefit companies like Hanwha by supporting non-Chinese solar manufacturing in global supply chains, highlighting the intersection of energy policy, trade, and national security considerations in the renewable energy sector.

Discover why NextEnergy Solar Fund put itself up for sale, addressing ongoing share price discounts and investor reactions.

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Despite weakness persisting in the market due to the uncertainty prevailing, the green pack continued to find support as most stocks gained or gave up limited