After Hours Summary: Solar stocks under pressure on Reuters report that Senate GOP seeks to end credits, RUN -27.5%, SEDG -23%, ENPH -15.5%, FSLR -10%; MMYT -10.8% on offering and deal to buy shares from TCOM
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: APPS +10.6%, LEN +3.5%
Companies trading higher in after hours in reaction to news: BLND +1.7% (BLND and ONIT expand partnership), MUSA +0.9% (operations update), FITB +0.6% (authorizes new 100 mln share repurchase program), CNC +0.5% (Senate Republicans issue Medicare/Medicaid proposals), RKLB +0.3% (adds two new missions), HUM +0.2% (Senate Republicans issue Medicare/Medicaid proposals), BA +0.1% (US clears potential $2bln sale of fighter jet parts to Australia, according to Reuters), ANET +0.1% (names former FSLY CEO as its new COO), HIPO +0.1% (to repurchase $14.5 mln in shares from Lennar)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: RUN -27.5% (Senate tax committee proposes full phase-out of solar and wind energy tax credits, according to Reuters), SEDG -23% (Senate tax committee proposes full phase-out of solar and wind energy tax credits, according to Reuters), ENPH -15.5% (Senate tax committee proposes full phase-out of solar and wind energy tax credits, according to Reuters), MMYT -10.8% (files for ordinary share offering; to repurchase MMYT shares from TCOM), FSLR -10% (Senate tax committee proposes full phase-out of solar and wind energy tax credits, according to Reuters), RDW -9.5% (commences $200 mln common stock offering), TCOM -5.4% (to sell MMYT shares to MMYT), CTRI -4.6% (SWX commences 9.5 mln share offering of CTRI common stock), BLDP -2.8% (CEO to step down, names new CEO), TPC -0.9% (awarded $34 mln project), CVS -0.7% (Senate Republicans issue Medicare/Medicaid proposals), ONIT -0.4% (BLND and ONIT expand partnership), KKR -0.3% (to acquire Zenith Energy), AMBC -0.1% (provides timing update on sale of its legacy financial guarantee business), MKL -0.1% (announces new leadership appts as part of a strategic regional realignment), MSFT -0.1% (tensions with OpenAI reach boiling point, according to WSJ), CSTL -0.1% (collaboration and license agreement with SciBase), UNH -0.1% (Senate Republicans issue Medicare/Medicaid proposals)