12 Industrials Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several industrial stocks showed significant movement. NeoVolta, Powell Industries, Agrify, Surf Air Mobility, Plug Power, and Sidus Space were among the gainers, with NeoVolta leading at a 34.5% increase. Conversely, Nuvve Holding, American Superconductor, Polar Power, Ault Alliance, Robert Half, and Rockwell Automation experienced declines, with Nuvve Holding dropping the most at 31.1%. Notably, Powell Industries, Robert Half, and Rockwell Automation had recent earnings reports that may have influenced their stock movements.
January 31, 2024 | 1:05 pm
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POSITIVE IMPACT
Agrify shares increased by 8.89% to $0.72, with a market value of $4.9 million.
The pre-market rise could indicate a short-term bullish trend, but the low market value suggests limited impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NeoVolta shares rose 34.5% to $1.95, with a market value of $64.8 million.
The significant pre-market gain suggests positive investor sentiment, which could lead to continued short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Plug Power shares rose by 6.7% to $3.98, with a market cap of $2.4 billion.
The pre-market increase may continue into the regular session, reflecting positive investor sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Powell Industries shares increased by 16.43% to $95.0 following their Q1 earnings report.
The post-earnings surge indicates a favorable response to the Q1 earnings report, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Sidus Space shares moved up by 6.59% to $5.17, with a market value of $5.6 million.
The stock's pre-market performance indicates a positive trend, but the small market value may limit the overall impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Surf Air Mobility stock rose by 7.07% to $1.21, with a market value of $89.0 million.
The increase suggests positive sentiment, potentially leading to short-term gains, but the impact may be moderate due to market value.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
American Superconductor shares fell by 14.22% to $11.53, with a market cap of $354.3 million.
The decline indicates a negative outlook from investors, which could persist in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ault Alliance stock fell 9.66% to $0.5, with a market cap of $1.4 million.
The drop suggests negative sentiment, potentially leading to further short-term price declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Nuvve Holding shares plummeted 31.1% to $2.3, with a market cap of $2.8 million.
The substantial pre-market drop suggests negative investor sentiment, likely leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Polar Power shares declined by 9.78% to $0.36, with a market cap of $6.3 million.
The pre-market decline could reflect a bearish trend, but the small market cap may mean limited broader market impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Robert Half stock decreased by 7.88% to $75.0 following their Q4 earnings report.
The post-earnings decline suggests the market's negative reaction to the Q4 report, which may affect the stock in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Rockwell Automation stock declined by 7.56% to $284.0 after their Q1 earnings release.
The negative movement post-earnings indicates a bearish investor response, likely impacting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90