Dr. Chris Hughen, CFA

Assoc. Professor of Finance
Daniels College of Business
University of Denver


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Top Performing Colorado Stocks

Data through June 30, 2026

Past 3 Months (Apr 2026 – Jun 2026)

RankCompanyTickerTotal ReturnMarket Cap
1Red Robin Gourmet BurgersRRGB+172.7%$148M
2Quantum Corp.QMCO+131.6%$433M
3Frontier Group Hold Inc.ULCC+124.1%$1.8B
4Riot Platforms Inc.RIOT+121.5%$10.4B
5Digitalocean Holdings Inc.DOCN+83.1%$16.4B
6Myr Group Inc.MYRG+77.2%$7.8B
7Re/Max Holdings Inc.RMAX+71.2%$209M
8Concrete Pumping HoldingsBBCP+68.8%$607M
9Biodesix Inc.BDSX+55.5%$234M
10Pursuit Attrc and Hsptly Inc.PRSU+52.8%$1.5B

Red Robin Gourmet Burgers (RRGB) — Red Robin's advance followed its first-quarter 2026 report in mid-May, when revenue topped Wall Street estimates and management reaffirmed full-year guidance despite softer comparable sales, easing concerns about the chain's finances. Investors also responded to progress on its "First Choice" turnaround plan and a roughly $72.5 million agreement to sell 86 restaurants, refranchising units to reduce debt. As a heavily shorted small-cap, the burger chain saw improved sentiment translate into an outsized move off depressed levels.

Past 6 Months (Jan 2026 – Jun 2026)

RankCompanyTickerTotal ReturnMarket Cap
1Biodesix Inc.BDSX+231.6%$234M
2Enliven Therapeutics Inc.ELVN+229.5%$3.5B
3Digitalocean Holdings Inc.DOCN+226.3%$16.4B
4Lightwave Logic Inc.LWLG+192.0%$1.5B
5Dhi Group Inc.DHX+139.4%$160M
6Myr Group Inc.MYRG+129.0%$7.8B
7Innovage Hold Corp.INNV+128.3%$1.6B
8Riot Platforms Inc.RIOT+116.1%$10.4B
9Red Robin Gourmet BurgersRRGB+97.3%$148M
10Davita Inc.DVA+95.8%$14.3B

Biodesix Inc. (BDSX) — Biodesix, the Boulder, Colorado–based molecular diagnostics company, saw its shares rise substantially over the first half of 2026 as its lung-focused testing business accelerated. In its first-quarter 2026 report, the company posted revenue of $25.6 million, up 42% year over year, with an 84% gross margin. Management also raised full-year 2026 revenue guidance to $108–114 million, implying roughly 25% growth at the midpoint. The stronger top-line trajectory and improving margins appear to have been the primary drivers of the move.

Past 12 Months (Jul 2025 – Jun 2026)

RankCompanyTickerTotal ReturnMarket Cap
1Lightwave Logic Inc.LWLG+662.9%$1.5B
2Digitalocean Holdings Inc.DOCN+449.8%$16.4B
3Echostar Corp.ECHO+266.4%$16.1B
4Innovage Hold Corp.INNV+221.1%$1.6B
5Edgewise Thera Inc.EWTX+209.9%$4.4B
6Palisade Bio Inc.PALI+207.3%$363M
7Advanced Energy Inds Inc.AEIS+181.9%$14.2B
8Myr Group Inc.MYRG+175.8%$7.8B
9Energy Fuels Inc.EFR.+161.8%$5.1B
10Enliven Therapeutics Inc.ELVN+153.0%$3.5B

Lightwave Logic Inc. (LWLG) — Lightwave Logic is a Colorado-based developer of electro-optic polymer materials and photonic devices designed to speed data transmission in optical networks. Its roughly 663% total return over the period most plausibly reflects intense investor enthusiasm for optical-interconnect technology tied to surging AI data-center demand, alongside expectations that the pre-commercial firm was advancing toward foundry partnerships and product qualification. As a small-cap, story-driven name, its shares are highly sensitive to sentiment shifts, and broad optimism around photonics likely amplified the gains during the window.


Methodology: Colorado-headquartered companies from WRDS Compustat (comp.company state = 'CO'). Common stocks only, one security per company (largest issue). Total returns include dividends, computed from Compustat Security Monthly adjusted prices ((prccm/ajexm)*trfm). Screens: market cap >= $100M at the ranking month-end, price >= $1 at the window start, complete monthly return history over the window.

For informational and educational purposes only. Not investment advice. Past performance does not guarantee future results.