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The Largest Premarket Swings in Stocks

See which businesses are trading most aggressively in premarket trading:

Technology firm SolarEdge — Following the company’s post-market Thursday revision to its third-quarter guidance, the solar stock fell by about 29%. Significant and unforeseen cancellations were one of the factors mentioned by SolarEdge CEO Zvi Lando for the reduction. In light of waning demand, Deutsche Bank downgraded SolarEdge, Sunrun, and Sunnova to hold from buy on Friday. Enphase Energy declined 15.7%, Sunrun and Sunnova both fell by about 9%. Invesco Solar ETF’s loss was 5.2%.

Regions Financial — The regional bank’s stock dropped 4.7% after it reported third-quarter earnings per share of 49 cents, which fell short of the 58 cents analysts surveyed by StreetAccount had predicted. Additionally, net interest missed expectations, coming in at $1.29 billion vs $1.32 billion.

Intuitive Surgical – Following Thursday’s closing, the business reported a revenue miss, and shares fell by almost 6.6%. Revenue came up at $1.74 billion as opposed to the $1.77 billion analysts surveyed by LSEG had predicted. Although analysts had predicted $1.41 in adjusted earnings per share, the actual figure was $1.46.

Schmalberger — After reporting third-quarter sales of $8.31 billion, below projections of $8.33 billion from LSEG, the oil and gas company’s stock fell 1.8%. However, its earnings per share of 78 cents exceeded expectations of 77 cents.

Quick, Knight Following Knight-Swift’s third-quarter report, which exceeded expectations on both the top and bottom lines, shares of the transport business rose 12.4%. On $2.02 billion in sales, the company posted adjusted earnings of 41 cents per share. According to LSEG’s survey of analysts, 36 cents per share and $1.89 billion in sales were anticipated. Over the previous year, total revenue increased more than 6%. According to a news statement from the CEO, the market for less-than-truckload shipments is demonstrating relative strength.

Source (CNBC)

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