Check out the companies making headlines in the midday deal: Plug Power – Hydrogen fuel cell developers jumped 24% after signing a contract to issue secure corporate bonds of up to $525 million. The company also issued first-quarter guidance of $130 million to $134 million, compared to the LSEG consensus of $131.6 million. NIO – After City added 30 days of catalyst monitoring to the name, Chinese electric vehicle stocks have been popped by 5%. Analyst Jeff Chong said he hopes NIO will launch a new model much sooner than the consensus expected. ADMA Biologics – Biotechnology inventory rose 10% after receiving Food and Drug Administration approval for an innovative yield enhanced production process in the United States. Chipmakers have flowed more than 3% after the NVIDIA – Wall Street Journal reported that Huawei Technologies will soon test its latest artificial intelligence processors. Peloton – Increases 5% behind Truist upgrades and buys from holds. Truist said the company should be cleaning up “BS” and gradually recovering from improvements to the basics. Boeing – The plane maker’s shares won around 2% after Bernstein upgraded its stocks to outperform the market’s performance. Analyst Douglas Harned said Boeing is “should go on a much harder path than 2023” and the company is making progress from scrutiny and supply chain concerns. Boeing is recovering from the 2024 Alaska Airlines controversy, with the two biggest Boeing 737 planes crashing earlier, analysts said. Progressive – Insurance stock rose 1% after an upgrade to buy from Bank of America’s Neutral. Progressive has been upside down after a recent decline in stock prices and strong March outcomes, said the investment company is upwards as it overturned the downgrade earlier this month by the same analysts. Holdings – Swiss Athletic Shoes Company stock has rushed over 2% behind City upgrades to buy from Neutral. The company said it is one of the best places to navigate tariff uncertainties. Cognex – Machine Vision Systems manufacturers have added over 2% following an upgrade to purchase from Hold on TD Cowen. ZSCALER – The stock has gone down to 1% after BNP Paribas upgraded its cloud security stock from neutral to an outperform rating. BankUnited – Regional bank stocks fell 2%. BankUnited disappoints its expectations for net interest by reporting $233.1 million compared to $239.9 million predicted by analysts voted by Factset. The 2.81% net interest margin fell below the 2.86% consensus estimate, reflecting “the effect of lower interest rates on conservative asset-sensitive balance sheets,” the company said. Meanwhile, earnings of 78 cents per share exceeded 75 cents per share. – CNBC’s Alex Hurling, Hakyung Kim, Sarah Min, Jesse Pound and Pia Shin reported.
