Why Enphase Energy Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Shares of Enphase Energy, Inc. ENPH rose sharply in today's pre-market trading after the company reported second-quarter financial results.

Enphase Energy reported second-quarter revenue of $303.46 million, missing the consensus estimate of $309.67 million, according to Benzinga Pro. The company reported adjusted earnings of 43 cents per share, missing analyst estimates of 48 cents per share.

Enphase Energy shares gained 6.2% to $110.10 in pre-market trading.

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

Gainers

• Dermata Therapeutics, Inc. DRMA rose 146.2% to $3.20 in pre-market trading after falling over 22% on Tuesday.
• NuZee, Inc.  NUZE gained 87.4% to $1.93 in pre-market trading.
• Regencell Bioscience Holdings Limited RGC shares climbed 65.4% to $24.74 in pre-market trading after jumping 344% on Tuesday.
• Allarity Therapeutics, Inc. ALLR gained 41.1% to $0.2350 in pre-market trading. Allarity Therapeutics revealed on Monday it received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC).
• NewGenIvf Group Limited NIVF shares gained 30.1% to $1.12 in pre-market trading after the company announced steady progress in its due diligence efforts in its proposed reverse merger with COVIRIX Medical and anticipates completion by the end of August 2024.
• Perfect Moment Ltd.  PMNT gained 19% to $2.20 in pre-market trading after gaining around 9% on Tuesday.
• ENGlobal Corporation ENG shares gained 15% to $2.00 in pre-market trading.
• 1847 Holdings LLC EFSH shares gained 14.4% to $2.30 in pre-market trading after falling over 17% on Tuesday. 1847 Holdings recently announced a 1-for-13 reverse split.
• Seagate Technology Holdings plc STX shares surged 5.3% to $110.90 in pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.

Losers

• Azitra, Inc. AZTR shares fell 74.7% to $1.26 in pre-market trading. Azitra announced the pricing of $10.0 million public offering.
• Conn’s, Inc. CONN shares fell 34.9% to $0.33 in pre-market trading as the company announced plans to close 71 locations across 13 states.
• Verastem, Inc. VSTM shares fell 27.6% to $2.60 in pre-market trading after the company reported pricing of $55.0 million public offering of common stock, warrants and pre-funded warrants.
• ATI Physical Therapy, Inc. ATIP shares declined 25.7% to $4.55 in pre-market trading after gaining around 5% on Tuesday.
• Volato Group, Inc. SOAR shares fell 25.2% to $0.4408 in pre-market trading after gaining around 23% on Tuesday.
• Chijet Motor Company, Inc. CJET fell 21.1% to $4.01 in pre-market trading after jumping 55% on Tuesday.
• AtlasClear Holdings, Inc. ATCH shares declined 20.6% to $0.44 in pre-market trading after gaining 11% on Tuesday.
• Wheels Up Experience Inc. UP fell 9.8% to $3.00 in pre-market trading. Wheels Up Experience will release its second quarter financial results on Thursday, Aug. 8.
• SFL Corporation Ltd. SFL shares dipped 9.3% to $12.65 in pre-market trading after the company announced an offering of 8 million common shares.
• Tesla, Inc. TSLA shares fell 7.2% to $228.56 in pre-market trading. Tesla reported weaker-than-expected earnings for its second quarter, while sales topped estimates. The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively.

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