An employee of a test company Qiagen holds a test kit in Qiagen’s plant in Hilden on September 8, 2020.
Leon Kuegeler | Reuters
Check out the companies that hit the headlines on Tuesday after the bell:
Qiagen – Qiagen stock rose 4% after the company announced the launch of a New ultra-fast, high-throughput genomic monitoring sequencing solution that reduces turnaround time for researchers identifying Covid-19 variants.
Maxeon Solar Technologies – The solar module maker’s stock fell 9% after the company issued weaker-than-expected sales guidance in the first quarter. Maxeon expects sales of around $ 160 million for the first quarter. Analysts surveyed by FactSet forecast first quarter revenues of $ 232.8 million. The disappointing forecast overshadowed the fourth quarter numbers, which exceeded analysts’ expectations.
Li Auto – The electric vehicle maker’s shares fell 4% after the company announced a $ 750 million senior convertible bond offer. The debt will fall due in 2028.
PG&E – The gas and electricity company’s shares fell slightly after the bell. In regular trading, PG&E shares were down 1.9% after The San Francisco Chronicle reported the Sonoma County attorney charged the company with five crimes and 28 misdemeanors over the 2019 Kincade Fire.
Smart Global Holdings – The company’s shares rose less than 1% after Smart Global posted better-than-expected results in the second quarter. Smart Global had earnings per share of 87 cents on sales of $ 304 million. Analysts polled by FactSet expected earnings per share of 80 cents on sales of 295.6 million US dollars.
Envista Holdings – Envista shares rose 8% on news it would replace Interdigital in the S&P MidCap 400 index.