Penguin Solutions Posts Upbeat Q2 Results, Joins Globalstar, Kosmos Energy And Other Big Stocks Moving Higher On Thursday

Braiin Limited -1.13%
Globalstar, Inc. +0.04%
HighPeak Energy Inc +0.63%
Kosmos Energy Ltd. +0.78%
Par Pacific Holdings Inc +5.57%

Braiin Limited

BRAI

20.17

-1.13%

Globalstar, Inc.

GSAT

73.16

+0.04%

HighPeak Energy Inc

HPK

6.34

+0.63%

Kosmos Energy Ltd.

KOS

2.57

+0.78%

Par Pacific Holdings Inc

PARR

62.77

+5.57%

U.S. stocks were mostly flat, with the Dow Jones index falling around 0.1% on Thursday.

Shares of Penguin Solutions Inc (NASDAQ:PENG) rose sharply during Thursday's session after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.

Net sales were $343 million, down 6% year over year but above the $337.938 million estimate. Adjusted EPS was 52 cents, beating the 42-cent estimate, while GAAP diluted EPS rose to 58 cents from 9 cents.

Also, Needham maintained its Buy rating on the stock and raised its price target from $25 to $27.

Penguin Solutions shares jumped 14.7% to $20.94 on Thursday.

Here are some other big stocks recording gains in today’s session.

  • Braiin Ltd (NASDAQ:BRAI) gained 11.6% to $23.00. Braiin and Home announced exclusive strategic partnership to pioneer “LiveTech” and build AI-native living infrastructure platform.
  • Highpeak Energy Inc (NASDAQ:HPK) gained 7.1% to $6.75.
  • Globalstar, Inc. (NASDAQ:GSAT) rose 7% to $73.22 following reports suggesting that Amazon is in discussions to acquire the company.
  • Purecycle Technologies Inc (NASDAQ:PCT) gained 4.8% to $5.36.
  • Kosmos Energy Ltd (NYSE:KOS) gained 4.8% to $2.82. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
  • W&T Offshore, Inc. (NYSE:WTI) gained 4.2% to $3.14. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
  • Par Pacific Holdings Inc (NYSE:PARR) rose 4.1% to $64.20.
  • SandRidge Energy Inc (NYSE:SD) gained 2.6% to $15.54.

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