Here are the stocks that made headlines on Wall Street before the market opened on Tuesday. SolarEdge Technologies – The green energy stock fell greater than 17% after announcing a brand new bond offering. SolarEdge said it’s going to offer $300 million in convertible bonds due 2029. Pool Corp – Shares fell 12.4% after the pool supplies wholesaler upgraded its full-year earnings forecast in after-hours trading Monday. Pool now expects full-year earnings per share to be between $11.04 and $11.44, down from its previous forecast of $13.19 to $14.19 and below the FactSet consensus estimate of $13.05. Rival Leslie’s Inc. fell greater than 4% in sympathy. Sea Limited – The Singapore-based web consumer company’s U.S. shares fell 3.9% after JPMorgan downgraded its rating to neutral from obese. JPMorgan said the stock may very well be hurt by increasing competition. Penn Entertainment – Shares of the casino operator and online gambling platform fell 2% after Raymond James downgraded the stock to market perform from outperform, saying the “current valuation is appropriate” after recent gains. The stock has fallen 25% this 12 months but has rebounded greater than 10% this month. Walt Disney – Goldman Sachs initiated coverage on the media stock with a buy, citing its sports rights portfolio and theme parks as positive aspects for the corporate. Disney shares rose lower than 1%. Microsoft – The Xbox owner’s shares fell lower than 1% after the European Union accused it of violating antitrust laws with its bundled software products. Enerpac Tool Group – The industrial supplies maker’s stock fell greater than 9% after it reported a year-over-year decline in revenue in its fiscal third quarter. The company also cut its net sales forecast for the 12 months to $585 million from $590 million. The previous forecast was between $590 million and $605 million. Airbus – The aerospace maker’s shares fell 11% in France after the corporate cut its 2024 financial targets. – CNBC’s Alex Harring, Michelle Fox Theobald and Sarah Min contributed.
