Firefly Aerospace
The space technology company experienced a sharp decline, with its stock falling by 10%. This drop followed an incident where one of its rocket boosters exploded during preflight testing at its Texas facility. Firefly Aerospace has assured that no other facilities were impacted and is currently assessing the explosion’s effects.
Wolfspeed
In a remarkable turnaround, Wolfspeed’s stock surged by 18%, just one day after an astonishing increase of nearly 1,700%. The semiconductor components maker announced that it successfully completed a financial restructuring and has emerged from Chapter 11 protection.
Progress Software
Progress Software, known for its AI-powered infrastructure solutions, reported third-quarter adjusted earnings of $1.50 per share on revenue of $250 million. This performance exceeded the LSEG consensus estimate of $1.30 per share on revenue of $240 million. Following this positive news, the company raised its full-year guidance, leading to a 2% increase in its stock price.
Instacart
Shares of the grocery delivery service Instacart fell by 2.5% after BTIG downgraded its rating from buy to neutral. The investment bank cited increased competition in the market as the reason for this adjustment.
United Natural Foods
United Natural Foods saw its stock rise nearly 5% after reporting a fiscal fourth-quarter loss of 11 cents per share, which was better than analysts’ expectations of an 18-cent loss. Additionally, the company’s revenue of $7.7 billion surpassed the consensus estimate of $7.64 billion.
Array Technologies
Array Technologies, a manufacturer of solar tracking systems, gained 2% following Deutsche Bank’s initiation of coverage with a buy rating. The firm indicated that Array’s turnaround story is gaining momentum.
Nextracker
Similarly, Deutsche Bank initiated coverage of Nextracker with a buy rating, labeling it as the “best solar tracker player.” This endorsement led to a 1.2% increase in its stock.
Freeport-McMoRan
Bank of America upgraded Freeport-McMoRan, a copper mining company, from neutral to buy. The bank believes that the key risks surrounding its halted mine in Indonesia are already priced in, and its commodities team remains bullish on copper. As a result, shares rose by 2%.
Celsius Holdings
Celsius Holdings, known for its energy drinks, climbed nearly 4% after Morgan Stanley upgraded its rating from equal weight to overweight. The investment bank anticipates that Celsius’ revenue will accelerate more than the market expects.
EchoStar
EchoStar, a telecommunications company, saw its stock jump by 7% after Bloomberg News reported that it is in discussions to sell some of its wireless spectrum to Verizon. In contrast, Verizon’s shares remained relatively unchanged.
Coty
Coty’s shares rose by 1.2% following the announcement of a strategic review of its consumer beauty business, which could potentially lead to the sale of major brands like CoverGirl, Rimmel, and Sally Hansen.
— CNBC’s Sarah Min, Alex Harring, and Fred Imbert contributed reporting. (Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here.)
