Check out the companies that made the biggest moves midday: SolarEdge Technologies — The solar power stock soared 14% after Jefferies upgraded it from underperform to hold. “We strategically upgrade SEDG to Hold as the escalation of the ME conflict is causing a repeat of the European energy security dynamics that ‘intensified’ SEDG’s operations during the Russia-Ukraine war,” the bank’s analysts wrote. Insperity — Shares of the HR services platform rose nearly 11% this week after Chairman and CEO Paul Salvadi announced he was buying 205,000 shares. OneOK – The oil and gas pipeline company’s stock rose nearly 4%. Jefferies upgraded One OK to buy and raised its price target to $98 per share, predicting an increase of nearly 11% from Thursday’s closing price. Analyst Julien Dumoulin-Smith said the Iran conflict was a catalyst: “The longer the disruption lasts, the more the market will need to reassess structural oil dynamics, which argues for a more constructive outlook for the Bakken.” [a major oilfield in the U.S.]SM Energy – The oil and gas exploration and production company’s stock price soared nearly 9%. JPMorgan gave the stock an overweight rating and set a price target of $40 per share, reflecting an upside of 44%. “Accelerating deleveraging in a high oil price environment opens the door to higher cash returns,” wrote analyst Zach Parham. York Space Systems — The space and defense company posted full-year sales that beat analysts’ expectations, rising 22%. The company had revenue of $386.2 million, compared to analysts polled by FactSet who expected revenue of $383.5 million. The company’s stock price fell more than 26% after U.S. prosecutors charged two employees and a contractor with smuggling Nvidia chips into China. The delivery giant’s third-quarter results rose nearly 2%, with earnings of $5.25 per share, excluding certain items. Analysts polled by LSEG expected earnings per share of $4.09 on revenue of $23.43 billion. U.S.-listed shares in British semiconductor and software design company Arm Holdings rose 4.3% after HSBC announced a $205 hike from the acquisition, suggesting a rise of more than 57% from Thursday’s close, the company said. The company is in the midst of a “revolutionary” transition from a smartphone-dependent IP business to a beneficiary of AI server CPUs, which are undervalued in the market. Planted Labs stock rose 26% following better-than-expected fourth-quarter results. Meanwhile, analysts surveyed by FactSet had expected a first-quarter loss of 5 cents per share. Full-year earnings outlook also beat expectations – After Mizuho upgraded the stock from neutral to outperform, the Wall Street firm said recent management comments were a potential positive and it expected a “reversal in results” – Firefly’s fourth-quarter results beat expectations, rising 2%. Analysts had expected a loss of 49 cents per share on revenue of $52.4 million, according to FactSet. The company’s stock rose 4% after Nexstar Media Group announced it had received approval from the Federal Communications Commission to complete its more than $6 billion acquisition of local news company Tegna Inc. Third-quarter losses were lower than expected. Scholastic had an adjusted loss of 15 cents per share, while analysts surveyed by FactSet had expected a loss of 37 cents per share. CNBC’s Darla Mercado, Elizabeth Napolitano, Yun Li, Sarah Ming and Michelle Fox contributed reporting.
