Why are shares of solar companies trading higher? 64 stocks move in Thursday's midday session

by , editor of Benzinga

July 28, 2022 12:41 p.m. | 8 minute read

Winners Petros Pharmaceuticals, Inc. PTPI gained 231% to $2.63 after news of the company's acquisition by Henry Crown and Company for $3.25 per share. Petros Pharmaceuticals, however, confirmed that a press release regarding an alleged acquisition of the company was fraudulent and had not been issued by the company. Athersys, Inc. ATHX jumped 64.2% to $0.3130 after gaining 10% on Wednesday. Athersys is expected to release its second quarter financial results on Thursday, August 11, 2022. SKYX Platforms Corp. SKYX jumped 43.7% to $6.00. Benchmark initiated coverage on SKYX platforms with a buy rating and announced a price target of $15. Aridis Pharmaceuticals, Inc. ARDS rose 35% to $1.89. JAKKS Pacific, Inc. Shares of JAKK gained 33% to $22.71 after the company reported better-than-expected second-quarter results. Avalon GloboCare Corp. AVCO rose 29% to $0.6213. Avalon Globocare last month requested a mixed shelf of up to $50 million. Better Therapeutics, Inc. BTTX jumped 28.2% to $1.95 after the company completed its clinical trial for BT-001, an experimental digital prescription therapeutic designed to use nCBT to treat type 2 diabetes . Shares of TPI Composites, Inc. TPIC gained 27.3% to $15.43. TPI Composites is expected to report second quarter results after market close on Wednesday, August 3, 2022. Wingstop Inc. WING gained 26.1% to $125.72 after the company reported better-than-expected Q2 EPS results and released FY22 EPS guidance above estimates. ToughBuilt Industries, Inc. TBLT gained 24.4% to $5.69 after the company struck a deal with Ace Hardware USA to sell 35 products in 5,500 stores. Revelation Biosciences, Inc. REVB rose 21.9% to $0.6111. Revelation Biosciences recently announced the price of a $5 million public offering. Performance Shipping Inc. PSHG rose 21.7% to $0.2920 after the company entered into a time charter contract with Teekay Chartering Limited, with a gross charter rate of $23,000 per day for a period of approximately 24 months. Sunnova Energy International Inc. NOVA rose 21.3% to $23.63 after the company reported better-than-expected second-quarter sales results. Plug Power Inc. PLUG gained 21% to $20.78 after Sen. Joe Manchin overturned his opposition to a bill that includes provisions to address climate change. NETGEAR, Inc. NTGR rose 20.4% to $24.43 after the company reported better-than-expected second-quarter sales and EPS results. After the earnings, BWS Financial moved the stock from Neutral to Buy. Q&K International Group Limited QK jumped 19.9% ​​to $1.6904. Sunrun Inc. RUN rose 19.6% to $23.63 alongside Sunnova Energy International after the company reported strong financial results and reaffirmed guidance. Stem, Inc. STEM climbed 18.1% to $10.31. Comera Life Sciences Holdings, Inc. CMRA rose 18% to $3.7799. FTC Solar, Inc. FTCI jumped 18% to $4.8850. Fluence Energy, Inc. FLNC gained 17.7% to $11.78. First Solar, Inc. FSLR jumped 17% to $89.78. Shares of solar companies traded higher in sympathy with Sunnova, which...