XPeng Posts Strong Results, Joins Larimar Therapeutics, Transcat And Other Big Stocks Moving Higher On Tuesday

U.S. stocks were mostly higher, with the Dow Jones index gaining around 50 points on Tuesday.

Shares of XPeng Inc. XPEV rose sharply during Tuesday's session after the company reported better-than-expected first-quarter results and issued second-quarter guidance.

XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, to 6.55 billion Chinese Yuan ($0.91 billion), beating the analyst consensus estimate of 6.17 billion Chinese Yuan ($0.87 billion). Total revenues declined 49.8% sequentially. Adjusted net loss per ADS of $0.21 beat the analyst consensus loss estimate of $0.27, according to data from Benzinga Pro.

XPeng shares jumped 10% to $9.12 on Tuesday.

Here are some other big stocks recording gains in today's session.

Waldencast plc WALD shares climbed 15% to $5.00 following first-quarter results.
Larimar Therapeutics, Inc.. LRMR gained 12.3% to $8.16 after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.
Nukkleus Inc. NUKK surged 11.4% to $1.0299
Transcat, Inc. TRNS climbed 10.1% to $136.63 following better-than-expected quarterly earnings.
Bloom Energy Corporation BE gained 9.7% to $14.18.
Tandem Diabetes Care, Inc. TNDM climbed 8.6% to $51.28.
Mesoblast Limited MESO gained 8.1% to $7.90.
Iris Energy Limited IREN rose 8% to $6.87.
Nikola Corporation NKLA climbed 6.2% to $0.56. The company announced that AiLO Logistics, a significant drayage carrier operating in the Ports of Los Angeles and Long Beach, has placed a 100-truck order of Nikola hydrogen fuel cell electric vehicles from Tom's Truck Centers, a member of the Nikola sales and service dealer network..
Lotus Technology Inc. LOT gained 6.1% to $9.06.
Dollar General Corporation DG rose 4.4% to $143.88