Why Maxeon Solar Technologies Are Trading Lower By Around 32%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Several stocks experienced significant price movements in Friday's mid-day session. Amyris, Inc. (AMRS) and Proterra Inc. (PTRA) both filed for Chapter 11 bankruptcy, causing their shares to jump 179.1% and 37% respectively. Rigetti Computing, Inc. (RGTI), Telesat Corporation (TSAT), Ouster, Inc. (OUST), Evolv Technologies Holdings, Inc. (EVLV), Innodata Inc. (INOD), Apyx Medical Corporation (APYX), IonQ, Inc. (IONQ), 2U, Inc. (TWOU), Groupon, Inc. (GRPN), Bitdeer Technologies Group (BTDR), MicroCloud Hologram Inc. (HOLO), Tango Therapeutics, Inc. (TNGX), Eton Pharmaceuticals, Inc. (ETON), ModivCare Inc. (MODV), WeWork Inc. (WE), Arco Platform Limited (ARCE), Semler Scientific, Inc. (SMLR), Soho House & Co Inc. (SHCO), CleanSpark, Inc. (CLSK), Consolidated Water Co. Ltd. (CWCO), Apellis Pharmaceuticals, Inc. (APLS), Pagaya Technologies Ltd. (PGY), Erasca, Inc. (ERAS), NextNav Inc. (NN), and Holley Inc. (HLLY) all reported better-than-expected results, causing their shares to rise. Cano Health, Inc. (CANO) reported worse-than-expected results and is pursuing a sale process, causing its shares to dip 70.7%. Yield10 Bioscience, Inc. (YTEN) announced pricing of a $3.7 million public offering, causing its shares to fall 58.1%. Maxeon Solar Technologies, Ltd. (MAXN) reported mixed results and issued FY23 revenue guidance below estimates, causing its shares to fall 32%.
August 11, 2023 | 5:47 pm
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NEGATIVE IMPACT
Cano Health, Inc. reported worse-than-expected results and is pursuing a sale process, causing its shares to dip 70.7%.
The worse-than-expected results and the announcement of a sale process led to a significant decrease in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Maxeon Solar Technologies, Ltd. reported mixed results and issued FY23 revenue guidance below estimates, causing its shares to fall 32%.
The mixed results and the issuance of FY23 revenue guidance below estimates led to a significant decrease in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Yield10 Bioscience, Inc. announced pricing of a $3.7 million public offering, causing its shares to fall 58.1%.
The announcement of a $3.7 million public offering led to a significant decrease in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Amyris, Inc. filed for Chapter 11 bankruptcy, causing its shares to jump 179.1%.
The filing for Chapter 11 bankruptcy led to a significant increase in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Proterra Inc. filed for Chapter 11 bankruptcy, causing its shares to jump 37%.
The filing for Chapter 11 bankruptcy led to a significant increase in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100