Check out the companies making the biggest moves premarket: Intel – The chipmaker fell slightly after upsizing a common stock offering to $20 billion from $15 billion. The proceeds, Intel said, would be used for ” general corporate purposes .” Hims & Hers Health – Shares fell 6% after the telehealth company trimmed the upper end of its full-year EBITDA outlook. Hims & Hers also posted a net loss of 37 cents per share for Q2, compared with a profit of 17 cents per share in the prior year. Riot Platforms – The crypto miner rallied nearly 20% after its second-quarter revenue topped analyst expectations. Riot’s top line clocked in at $174.2 million, while analysts polled by FactSet expected revenue of $154.3 million. The company also announced a 191-megawatt data center lease deal with “a Leading Frontier AI Lab.” Plug Power – Shares rallied 13% after the electrical equipment manufacturing company reported a smaller-than-expected loss for the second quarter. First Solar – The solar panel maker popped more than 3% after Baird upgraded the stock to outperform from neutral. The firm also hiked its price target on shares to $318, signaling more than 30% upside. Among the reasons for the upgrade, Baird cited “upcoming benefits from a strong utility-scale market at both fundamental and stock level.” Cardinal Health – The drug and medical equipment distributor moved nearly 2% higher following its mixed fiscal fourth-quarter results . Cardinal Health reported adjusted earnings of $2.60 per share, topping the $2.42 a share expected from analysts polled by FactSet. Its revenue of $63.67 billion, however, fell short of the $65.15 billion consensus estimate. The company’s full-year EPS guidance also beat expectations. On Holding — Shares for the Switzerland-based company dropped over 16% on mixed second-quarter results. The company, which focuses on the athletic sports accessories industry, also reduced its full year revenue guidance. — CNBC’s Michelle Fox and Ananya Chetia contributed reporting.
Stocks making the biggest moves premarket: RIOT, HIMS, INTC
