Penguin Solutions Posts Upbeat Q2 Results, Joins Globalstar, Kosmos Energy And Other Big Stocks Moving Higher On Thursday
Benzinga·04/02/2026 15:01:18
Listen to the news
U.S. stocks were mostly flat, with the Dow Jones index falling around 0.1% on Thursday.
Shares of Penguin Solutions Inc (NASDAQ:PENG) rose sharply during Thursday's session after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.
Net sales were $343 million, down 6% year over year but above the $337.938 million estimate. Adjusted EPS was 52 cents, beating the 42-cent estimate, while GAAP diluted EPS rose to 58 cents from 9 cents.
Also, Needham maintained its Buy rating on the stock and raised its price target from $25 to $27.
Penguin Solutions shares jumped 14.7% to $20.94 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Braiin Ltd (NASDAQ:BRAI) gained 11.6% to $23.00. Braiin and Home announced exclusive strategic partnership to pioneer “LiveTech” and build AI-native living infrastructure platform.
- Highpeak Energy Inc (NASDAQ:HPK) gained 7.1% to $6.75.
- Globalstar, Inc. (NASDAQ:GSAT) rose 7% to $73.22 following reports suggesting that Amazon is in discussions to acquire the company.
- Purecycle Technologies Inc (NASDAQ:PCT) gained 4.8% to $5.36.
- Kosmos Energy Ltd (NYSE:KOS) gained 4.8% to $2.82. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
- W&T Offshore, Inc. (NYSE:WTI) gained 4.2% to $3.14. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
- Par Pacific Holdings Inc (NYSE:PARR) rose 4.1% to $64.20.
- SandRidge Energy Inc (NYSE:SD) gained 2.6% to $15.54.
Photo via Shutterstock
Contact Us
Contact Number :+852 3852 8500Monday 7:00 AM - Saturday 9:00 AM (HKT)
Service Email :service@webull.hkOnline Support: Monday - Friday: 9:00 - 16:00; 22:30 - 5:00 (HKT)
Business Cooperation :marketinghk@webull.hkRisk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
Language
English
©2026 Webull Securities Limited. All rights reserved.