EVgo Inc. reported better-than-expected first-quarter sales. Investors are relieved. Tuesday, the electric-vehicle-charging company announced an adjusted operating loss of $5.9 million on sales of $75.3 million. Wall Street was looking for a $6.6 million loss on sales of $71.5 million, according to FactSet.
Revenue jumped 36% year over year. The operating loss shrank by about $1.3 million. Network throughput -- the amount of energy EV drivers got from EVgo charging stations -- hit 83 gigawatt-hours, up 60% year over year. Total charging stalls in operation ended the quarter at 4,240, up 32% year over year. Shares of EVgo soared nearly 33% on Tuesday.
More: EVgo Stock Is Soaring. Sales and Guidance Were Strong
$SolarEdge Technologies stock jumped 17.34% after the company which produces technology for solar-panel installations, beat earnings expectations early Tuesday and said its margins would only be affected by two percentage points in the current quarter.
More: SolarEdge Reveals Its Tariff Hit. But Stock Jumps as Earnings Report Beats Expectations
Shares of Lemonade, Inc. surged 6.47% on Tuesday following the release of the company's impressive first-quarter 2025 financial results. The AI-powered insurance provider outperformed analyst expectations, showcasing robust growth and improved financial performance.
More: Lemonade Soars on Strong Q1 2025 Earnings Beat
Ferrari’s U.S.-listed shares rose 2%. Core earnings rose 15% in the first quarter at teh luxury sports-car maker on a richer product line-up and demand for personalisations, the company said on Tuesday, although it reiterated U.S. tariffs could hit profitability this year.
More: Ferrari Earnings up 15% in First Quarter, but Confirms Risks from U.S Tariffs
Upwork Inc. saw its stock price surge 19% following the release of its first-quarter 2025 financial results, which exceeded analyst expectations and prompted the company to raise its full-year earnings guidance.
More: Upwork Shares Climb After Outlook Raised
Specialty chemicals maker Celanese beat analysts' estimates for first-quarter profit on Monday, as cost-cutting measures helped offset lower sales, and announced plans to spin off its electronics segment. Shares of the company were up 9.8%.
The chemical industry has been taking cost-cutting measures as it has been struggling with higher energy costs as well as weak demand and prices, especially in European markets.
World's largest dialysis specialist Fresenius Medical Care reported first-quarter results above analysts' expectations on Tuesday, as revenue grew organically in all its segments, it said. Fresenius Medical Care shares jumped 6.7%.
Telehealth company Hims & Hers reported first-quarter results late Monday that beat Wall Street estimates. But parts of the company's forecast came in below estimates, and looming worries about the company's growth as the era of cheap, legal knockoff weight loss drugs comes to an end had the stock bouncing around on Tuesday.
The stock was down as much as 7.5% in premarket trading, but rebounded as the market opened. Shares are up 7.9% to $45.19 in Tuesday morning trading.
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