Net Power (NPWR) reported a full-year 2024 loss of $0.67 per share, while three analysts polled by FactSet expected a loss of $0.65.
Shares slumped 63% following a surge in intraday trading volume to over 9.11 million from a daily average of about 560,000.
MicroStrategy (MSTR) unveiled Monday plans to sell 8% series A perpetual strike preferred stock with an aggregate offering price of up to $21 billion.
Shares slid over 16% as intraday trading volume rose to over 19.9 million from the stock's daily average of about 19.7 million.
UBS cut Tesla's (TSLA) price target to $225 from $259 while reiterating the electric automaker's sell rating amid concern that softer demand will hit delivery volumes.
Tesla's shares were also hit, alongside the other Magnificient-7 stocks, as speculation mounted of a recession in the US.
Shares retreated 14% as intraday trading volume surged to more than 129.7 million from a daily average of roughly 86 million.
Price: 2.53, Change: -4.40, Percent Change: -63.49
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