Why Nextpower Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket

Shares of Nextpower Inc(NASDAQ:NXT) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and raised its FY27 sales guidance. The company announced it will acquire assets of Zigor Corporation's power conversion business and its U.S.-based subsidiary, Apex Power.

Nextpower reported quarterly adjusted earnings of $1.05 per share, which beat the Street estimate of 92 cents, according to Benzinga Pro data. Quarterly revenue came in at $881 million, which exceeded the consensus estimate of $827 million.

Nextpower shares jumped 12.5% to $141.00 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

Fitness Champs Holdings Ltd (NASDAQ:FCHL) gained 38.4% to $1.84 in pre-market trading after dipping 16% on Tuesday. The after-hours rally comes despite a class action lawsuit filed by New York-based law firm Pomerantz LLP. The lawsuit alleges that FCHL was used in a coordinated pump-and-dump scheme, a form of securities fraud in which a stock’s price is artificially inflated through false or misleading statements. Dreamland Ltd (NASDAQ:TDIC) gained 33.1% to $3.14 in pre-market trading after jumping 127% on Tuesday. Arteris Inc (NASDAQ:AIP) gained 29.7% to $42.05 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates. Also, the company raised its FY26 sales guidance with its midpoint above estimates. Wolfspeed Inc (NYSE:WOLF) gained 27.6% to $68.56 in pre-market trading after jumping around 7% on Tuesday. Velo3D Inc (NASDAQ:VELO) rose 23.1% to $17.31 in pre-market trading after the company reported better-than-expected first-quarter financial results. Oriental Culture Holding Ltd (NASDAQ:OCG) rose 22% to $2.27 in pre-market trading after jumping 10% on Tuesday. Penguin Solutions Inc (NASDAQ:PENG) rose 19.3% to $52.63 in pre-market trading as the company's Advanced Micro Devices (NASDAQ:AMD)-backed high-performance computing expansion and fresh Securities and Exchange Commission insider filings drew investor attention. Sellas Life Sciences Group Inc (NASDAQ:SLS) rose 17.6% to $6.15 in pre-market trading after the company reported better-than-expected first-quarter EPS results. Destiny Tech100 Inc (NYSE:DXYZ) gained 13.7% to $60.80 in pre-market trading after falling 25% on Tuesday.

Losers

Work Medical Technology Group Ltd (NASDAQ:WOK) declined 60.5% to $2.63 in pre-market trading after the Hangzhou-based medical device supplier disclosed a strategic cooperation agreement with Shanghai Novabioplus Biotechnology Co., Ltd., a provider of biological reagent products and solutions. System1 Inc(NYSE:SST) fell 26.3% to $3.28 in pre-market trading after the company reported a wider quarterly loss and a sharp decline in revenue. Society Pass Inc(NASDAQ:SOPA) tumbled 20.1% to $0.28 in pre-market trading. Sunshine Biopharma Inc(NASDAQ:SBFM) fell 19.2% to $0.85 in pre-market trading. Ambow Education Holding Ltd(NYSE:AMBO) fell 18.7% to $1.86 in pre-market trading. Ambow Education recently reported a year-over-year increase in first-quarter financial results. Ring Energy Inc(NYSE:REI) fell 18.4% to $1.45 in pre-market trading after the company announced pricing of public offering of common stock. U-BX Technology Ltd(NASDAQ:UBXG) shares dipped 14.3% to $0.18 in pre-market trading after falling around 30% on Tuesday. Red Cat Holdings Inc(NASDAQ:RCAT) dipped 10.8% to $9.84 in pre-market trading after the company announced pricing of public offering of common stock. Evotec SE(NYSE:EVO) dipped 8.7% to $2.74 in pre-market trading. Evotec successfully placed €116.1 million convertible bonds. Wix.com Ltd.(NASDAQ:WIX) fell 7% to $70.60 in pre-market trading following weak quarterly results.

Story Continues

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This article Why Nextpower Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket originally appeared on Benzinga.com

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