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$PN

4 stories mentioning PNUpdated 1d ago

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Wire

Top Midday Decliners

The Trade Desk (TTD) stock was down 22% amid heavy trading as multiple analyst downgrades followed the company's downbeat Q2 adjusted earnings and revenue.More than 107.0 million shares of the company traded intraday compared with a daily average of about 18.8 million.PN Smart Energy (PN) said Friday it priced a registered direct offering with an institutional investor for the sale of up to 1.43 million Class A shares and pre-funded warrants to raise gross proceeds of $5 million.Shares sank 60%, with intraday trading volume rising to over 2.22 million from a daily average of roughly 686,000.CVRx (CVRX) shares sank 59% amid heavy trading after the company posted Q2 financial results late Thursday. Piper Sandler downgraded the company to neutral from overweight while adjusting its price target to $4 from $12.Over 10.7 million shares of CVRx traded intraday, versus a daily average of roughly 315,000.Price: $13.82, Change: $-3.86, Percent Change: -21.82%

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Wire

PN Smart Energy Prices $5 Million Registered Direct Offering; Shares Fall

PN Smart Energy (PN) said Friday it priced a registered direct offering with an institutional investor for the sale of up to 1.43 million class A shares and pre-funded warrants to raise gross proceeds of $5 million.The securities were priced at $3.50 per share or $3.498 per pre-funded warrant, the company said.Net proceeds from the offering, which is expected to close on Monday, will be used for general working capital purposes, PN Smart Energy said.PN Smart Energy shares were 67% lower in Friday trading.Price: $2.72, Change: $-5.57, Percent Change: -67.19%

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Wire

Top Midday Gainers

PN Smart Energy (PN) has completed its acquisition of the remaining 56.0% interest in Nanjing Cesun Power, advancing its transition toward becoming an independent power producer, the company said Thursday.Shares soared 67% amid a surge in intraday trading volume to over 6.5 million from a daily average of about 1.9 million.Columbus McKinnon (CMCO) delivered Q1 net sales growth of 125%, driven by the acquisition of Kito Crosby, the company said Thursday. It also increased its fiscal 2027 guidance.Shares advanced 42% amid a rise in intraday trading volume to over 1.6 million from a daily average of roughly 569,000.Digital Currency X Technology (DCX) signed a non-binding memorandum of understanding with Whales AI to bring STEM education robotics platform to the US and CanadaShares jumped 14%, with intraday trading volume rising to more than 6.3 million, versus a daily average of about 758,000.Price: $17.75, Change: $+7.03, Percent Change: +65.58%

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Commodities

Solar Provider Skycorp Diversifies Portfolio with 100% Stake in Nanjing Cesun

China's Skycorp Solar (PN) said Friday that it is acquiring the remaining 56% of Nanjing Cesun for $20.2 million and raising $3 million via a private placement to accelerate its expansion into inverters and energy management.The company signed a Share Acquisition Agreement on April 30, 2026 for the purchase, it said in a statement.The all-stock deal, coupled with a $3 million private placement, integrates inverter production and energy management systems into Skycorp's renewable energy portfolio.Skycorp will settle the consideration by issuing 7,983,000 new ordinary shares priced at $2.52 per share. To ensure long-term alignment, the shares are subject to strict lock-up periods, it said.Parallel to the acquisition, Skycorp entered into Securities Purchase Agreements with three independent institutional investors to raise $3 million.

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