After-hours movers: SolarEdge plunges on Q3 warning, takes other solar stocks with it

After-Hours Stock Movers:

American Well Corp (NYSE:) 23% HIGHER; Amwell and Leidos (LDOS) was recently awarded a next-generation contract to provide a hybrid care technology platform designed to power the Digital First transformation of the Military Health System (MHS).

SolarEdge Technologies (NASDAQ:) 20% LOWER; Third quarter revenue is now expected to be in the range of $720 million to $730M, compared to the previous expectation of $880M to $920M.

Enphase Energy, Inc. (NASDAQ:) 14% LOWER; falls following SolarEdge’s Q3 warning

Knight Transportation (NYSE:) 14% HIGHER; Q3 EPS of $0.41, $0.05 better than the analyst estimate of $0.36. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $1.9B.

Arcutis Biotherapeutics, Inc. (NASDAQ:) 9% LOWER; announced the commencement of an underwritten public offering of $100.0M of shares of its common stock.

Intuitive Surgical (NASDAQ:) 8% LOWER; Q3 EPS of $1.46, $0.04 better than the analyst estimate of $1.42. Revenue for the quarter came in at $1.74B versus the consensus estimate of $1.77B.

Sunnova Energy International Inc (NYSE:) 7% LOWER; falls following SolarEdge’s Q3 warning.

Sunrun Inc (NASDAQ:) 7% LOWER; falls following SolarEdge’s Q3 warning.

SunPower Corporation (NASDAQ:) 6% LOWER; falls following SolarEdge’s Q3 warning

First Solar, Inc. (NASDAQ:) 5% LOWER; falls following SolarEdge’s Q3 warning

Hewlett Packard Enterprise (NYSE:) 4% LOWER; sees FY24 non-GAAP diluted net EPS of between $1.82 and $2.02, versus the consensus of $2.14