Check out the companies making the biggest moves this midday: Energy stocks — Energy stocks fell for a fourth straight day after President Donald Trump said he was nearing a “final decision” on a deal to end the U.S.-Iran war. OneOK led the decline in the S&P 500 energy sector, dropping more than 3%. Chevron and ExxonMobil each fell 0.8%. Occidental Petroleum fell more than 1%. Nextpower — Shares of the solar power business rose 13% after the company announced it had acquired battery storage company Prevalon Energy for about $365 million. NextPower also raised its full-year earnings outlook. Dell Technologies — The laptop maker soared 29% after raising its full-year outlook. Dell expects adjusted earnings per share to be $17.90 and revenue to be in the range of $165 billion to $169 billion. Analysts surveyed by LSEG had expected earnings of $13.09 per share on revenue of $142.5 billion. Friday’s gains put the stock on pace for its second-best day on record. Computer Stocks — Stock prices of other companies involved in computer hardware and services rose on the back of Dell’s earnings. Hewlett Packard Enterprise rose more than 14%. Super microcomputers rose 11.8%, and HP rose 8%. American Eagle Outfitters — The teen apparel retailer’s stock fell 13%. Like-for-like sales for the company’s American Eagle banner fell 2% in the first quarter, while analysts surveyed by Street Account had expected 3.1% growth. Guidance for the second quarter was also disappointing, with the company expecting operating profit of $45 million to $50 million, compared to the FactSet consensus estimate of $65.3 million. GAP — Shares fell more than 17% after the clothing retailer cut its sales outlook for this year and now expects companywide sales to grow between 1% and 2%. Previously, it was expected to be in the 2-3% range. Gap’s first-quarter sales of $3.52 billion also fell short of analysts’ expectations of $3.52 billion, according to LSEG. However, adjusted earnings per share were 38 cents, beating expectations of 37 cents. Space stocks — Stocks of space companies are falling after a Blue Origin rocket exploded on its launch pad during a ground test Thursday night in Florida. AST Space Mobile, which is affiliated with Blue Origin, fell nearly 17%. Echostar fell 3.2% and Rocket Lab fell 6.2%. Okta — Shares rose 25% after the identity management company shared its current quarter earnings outlook along with its full-year revenue outlook. The outlook was higher than expected by analysts surveyed by FactSet. Okta also reported first-quarter non-GAAP earnings, revenue, and operating income that exceeded consensus estimates. NetApp — The data infrastructure stock soared 25% after NetApp released first-quarter and full-year guidance that beat the expectations of analysts surveyed by FactSet. The company also reported higher adjusted earnings and sales for its fiscal fourth quarter. If held, this increase would mark NetApp’s best daily performance since 2002. PagerDuty — Cloud computing stock rose 29% after the company raised its full-year profit outlook. The company now expects adjusted earnings to be in the range of $1.27 to $1.32 per share, beating previous guidance of $1.23 to $1.28 per share and also beating FactSet’s estimate of $1.26 per share. PagerDuty also reported higher adjusted earnings, revenue and adjusted operating income for the quarter. SentinelOne — The cybersecurity stock, which had expected sales of between $289 million and $291 million for the current quarter, fell nearly 9%, below the $292 million in a survey of analysts surveyed by LSEG. The company’s adjusted profit forecast for the same period was also lower than expected. — CNBC’s Darla Mercado, Davis Giangiulio and Lisa Kailai Han contributed reporting.
