Gapping down
In reaction to earnings/guidance:
- KC -9.8%, PDD -4.9%, CRIS -3.3% (also files for $100 mln common stock offering; also files for mixed securities shelf offering), CAL -2.6%
Other news:
- PLUG -18.2% (to restate earnings)
- NRG -10.2% (provides financial update on winter storm uri impacts; Winter Storm Uri expected to have a more significant impact on the Company's 2021 results; withdraws FY21 adjusted EBITDA guidance)
- REGI -8.9% (prices offering of 5 mln shares of common stock at $67.00 per share)
- OIS -7.5% (prices offering of $135 mln of its 4.75% convertible senior notes due 2026)
- ARRY -7.4% (stock offering; also provides update)
- SJI -6.6% (to conduct concurrent public offerings of up to $225 mln shares of common stock and 6.0 mln equity units)
- BLDP -5.9% (in sympathy with PLUG on restatement news)
- KODK -5.3% (files for $500 mln mixed securities shelf offering; also files for 44,490,032 share common stock offering by selling shareholders)
- BE -5.2% (in sympathy with PLUG on restatement news)
- FCEL -5.1% (in sympathy with PLUG on restatement news)
- RUBY -5% (upsizes and prices offering of 6,896,552 shares of its common stock at $29.00 per share)
- PAE -4.9% (CEO to reisgn for personal reasons; co reaffitms FY21 guidance)
- CCNC -4.5% (files for $500 mln mixed securities shelf offering)
- BLUE -3.6% (Chief Medical Officer departs)
- BILI -3.2% (launches Hong Kong public offering, which forms part of the global offering of 25,000,000 Class Z ordinary shares)
- CFX -2.5% (prices offering of 14 mln shares of common stock at $46.00 per share)
- UBER -2.3% (will provide drivers in the UK with paid holiday time, an earnings guarantee, and pensions)
- PRIM -2.2% (stock offering)
- LITE -2.1% (Coherent confirms new acquisition proposal from Lumentum (LITE))
- MAX -1.4% (stock offering)
- MU -1.4% (to strengthen its focus on memory and storage technology for data center)
- IMAX -1.4% (prices offering of 0.500% convertible senior notes due 2026)
- STEP -1.3% (stock offering)
Analyst comments:
- MOMO -3.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- MERC -2.5% (downgraded to Neutral from Outperform at Credit Suisse)