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FINWIRES

Top Premarket Decliners

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-- Erasca (ERAS) shares were down 48% in Tuesday premarket activity, continuing Monday's loss.

Greenland Energy (GLND) stock was 37% lower after the company said late Monday it priced a $70 million offering of 17.5 million shares at $4 apiece.

High-Trend International (HTCO) shares were down 24%, shaving gains from the previous session.

Rambus (RMBS) shares were 18% lower after Baird downgraded the company to neutral from outperform.

NOV (NOV) stock was down 2% after the company posted overnight lower Q1 net income and revenue.

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Australia

Sportradar Names Sameer Deen COO

Sportradar (SRAD) said Tuesday it has appointed Sameer Deen as chief operating officer, starting May 18.Deen was most recently the chief commercial officer and president at Entain, an international sports betting and gaming entertainment company, Sportradar said.Price: $12.80, Change: $-1.14, Percent Change: -8.18%

$SRAD
Research

Research Alert: Strong Execution, Softer Outlook: Record Margins Amid Mixed Signals

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Itron's Q1 2026 results beat consensus with revenue of $587M (vs. $572M estimate) despite a 3% decline and non-GAAP EPS of $1.49 (vs. $1.24 estimate), though down $0.03 Y/Y. Record adjusted gross margin expanded 490 bps to 40.7%, fueled by strong execution and projects ahead of schedule. We view these results as validating the business mix evolution, with Outcomes growing 22% to $96M and service revenues surging 30% across all segments, while the new Resiliency Solutions segment contributed $16M. Q2 guidance of $560M-$570M revenue and $1.25-$1.35 EPS came well below consensus of $606M/$1.46, requiring management clarity on project timing explanations. We believe the declining backlog (down 6% to $4.4B) coupled with Networked Solutions revenue declines represent a worrisome double headwind worth monitoring. However, our long-term thesis remains intact as we see the revenue shift toward AI-powered grid analytics as positive, supported by robust $79M free cash flow and accelerating demand in the Outcomes segment.

$ITRI