After Hours Summary: SEDG -20.6% down sharply on weak Q3 guidance, drags down ENPH -14.5% and other solar names; ISRG -7.1% lower on earnings; HPE -3.7% on weak guidance; KNX +14.4% higher on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KNX +14.4%, OZK +4.6%, WAL +3%, GBCI +0.1%
Companies trading higher in after hours in reaction to news: BOWL +10.8% (BOWL completes sale-leaseback transaction with VICI), PACW +2.3% (BANC receives final regulatory approval for merger with PACW), TM +1.2% (TM reaches deal with TSLA to adopt NACs on its BEVs in North America), DNA +1% (collaboration with Serbia), WE +1% (COO to depart), STLD +0.8% (US and EU stall on steel according to Bloomberg), AEON +0.5% (topline results from Phase 2 trial of ABP-450), BANC +0.2% (BANC receives final regulatory approval for merger with PACW), DISH +0.2% (DISH amends previously disclosed spectrum purchase with TMUS), DOOR +0.1% (acquires Fleetwood Aluminum for $285 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SEDG -20.6% (slashes Q3 revenue outlook), ISRG -7.1%, WDFC -5.5%, AMTB -4.5%, HPE -3.7% (issues downside FY24 EPS guidance), ASB -2.4%, CSX -1%
Companies trading lower in after hours in reaction to news: ENPH -14.5% (in sympathy with weak SEDG guidance), ARQT -8.9% (commences $100 mln stock offering), RUN -7.4% (in sympathy with weak SEDG guidance), BLFS -6.2% (CEO to retire; names new CEO; provides guidance), SPWR -5.4% (in sympathy with weak SEDG guidance), FSLR -4.9% (in sympathy with weak SEDG guidance), JKS -4.3% (in sympathy with weak SEDG guidance), MAXN -3.8% (in sympathy with weak SEDG guidance), CSIQ -3.3% (in sympathy with weak SEDG guidance), NUE -2.1% (US and EU stall on steel according to Bloomberg), TSLA -1% (TM reaches deal with TSLA to adopt NACs on its BEVs in North America), LDOS -0.7% (awarded $180 mln Defense Health Agency task order), TMUS -0.5% (DISH amends previously disclosed spectrum purchase with TMUS), X -0.4% (US and EU stall on steel according to Bloomberg), MCB -0.2% (reaches settlement with the Federal Reserve), KVUE -0.1% (CVS voluntarily pulling some cold medicines from KVUE from store shelves according to CNBC), LLY -0.1% (files complaint with ITC to stop cos from distributing tirzepatide)