After Hours Summary: NVTS +40.7% surging on progress in 800 VDC power architecture for NVDA's AI factory computing platforms; PII +12.6% on planned spin-off of Indian Motorcycle and Q3 guidance; OEC -17.6% under pressure after lowering adjusted EBITDA guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: None.
Companies trading higher in after hours in reaction to news: NVTS +40.7% (progress in 800 VDC power architecture for NVDA's AI factory computing platforms), PII +12.6% (to spin-off Indian Motorcycle; issues Q3 guidance), SATL +7.6% (launches NextGen satellite platform), GERN +3.1% (executive leadership transitions and appointments), IBP +2% (announces acquisitions of Echols Glass & mirror and Vanderkoy Bros), DRS +1.5% (enters into strategic teaming agreement with KNDS), SYRE +1.2% (proposed public offering of common stock), TLRY +1.2% (expansion plans in Panama), GS +0.9% (to acquire Industry Ventures), DNLI +0.1% (FDA review extension of BLA for Tividenofusp Alfa)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OEC -17.6% (guidance),
Companies trading lower in after hours in reaction to news: DHT -1% (statement relating to China Ministry of Transport announcement), AVTR -0.3% (Chairman to step down), FTAI -0.1% (multi-year Perpetual Power Agreement with Finnair)