After-Hours Stock Movers 10/27: (SRRK) (CYH) (FSLR) Higher; (SUM) (BGFV) (CHRW) Lower (more...)
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Scholar Rock Holding Corp. (SRRK) Prices 2.949M Share Common Offering at $39/Sh; Prices 2.18M Prefunded Warrants at $38.99/Warrant
October 29, 2020 5:59 AM EDTScholar Rock Holding Corporation (NASDAQ: SRRK), a clinical-stage biopharmaceutical company focused on the treatment of serious diseases in which protein growth factors play a fundamental role, today announced the pricing of an underwritten public offering of 2,948,718 shares of its common stock at a public offering price of $39.00 per share. In addition, in lieu of common stock to certain investors, Scholar Rock is offering pre-funded warrants... More
SunPower (SPWR) Tops Q3 EPS by 1c, Revenues Beat; Raises FY20 Revenue Outlook, Provides 4Q Revenue Guidance
October 28, 2020 4:27 PM EDTSunPower (NASDAQ: SPWR) reported Q3 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $274.8 million versus the consensus estimate of $235.64 million.
Third Quarter 2020 Results
"Our solid third quarter results reflect the strong demand for our industry-leading solutions in both our residential and commercial markets," said Tom Werner, SunPower CEO and chairman of the board.
"Overall, we executed well as MW recognized grew 20% sequentially, we further expanded our gross margin, generated positive cash flow and added to our significant backlog. Additionally, we are pleased with the... More
Enphase Energy (ENPH) PT Raised to $118 at Needham & Company
October 28, 2020 6:39 AM EDTNeedham & Company analyst James Ricchiuti raised the price target on Enphase Energy (NASDAQ: ENPH) to $118.00 (from $77.00) while maintaining a Buy rating.
The analyst commented, "ENPH delivered on high investor expectations coming into the quarter, reporting a solid Q3'20 earnings result with all... More
