Mid-Day Market Movers (SNWL, FCEL, XIDE, TOF)

SonicWALL Inc SNWL climbed 25.97% to $11.32 by 11:55 am. SNWL has entered into a definitive acquisition agreement with Thoma Bravo LLC led investor group for approximately $717 million. Tofutti Brands Inc TOF soared 25.22% to $1.44. The Cranford, New Jersey-based company develops, produces and markets nondairy frozen desserts and other food products. FuelCell Energy Inc FCEL jumped 21.60% to $2.59. FCEL has entered into a contract with Pacific Gas and Electric Company (PG&E) to deliver 2.8 MW, while the total value of these contracts stands at approximately $12.6 million. Exide Technologies XIDE shares advanced 21.08% to $5.17. The stored electrical energy company reported a Q1 adjusted profit of $0.49 a share on revenue of $714.7 million, beating the consensus of $0.45 a share of profit on revenue of $697.8 million. Read more from Benzinga's Markets.
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Posted In: EarningsNewsIntraday UpdateMarketsMoversAuto Parts & EquipmentConsumer DiscretionaryConsumer StaplesElectrical Components & EquipmentIndustrialsInformation TechnologyInternet Software & ServicesMid-Day Market MoversPackaged Foods & Meats
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