Riot Platforms rallies on revenue beat and AI data center deal

EarningsCorporate ActionAnalyst
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Summary · why it matters

Several stocks made notable premarket moves on Thursday. Riot Platforms surged nearly 20% after second-quarter revenue of $174.2 million exceeded the $154.3 million FactSet consensus, and the crypto miner announced a 191-megawatt data center lease deal with a Leading Frontier AI Lab. Hims & Hers Health fell 6% after trimming the upper end of its full-year EBITDA outlook and posting a net loss of 37 cents per share for Q2, versus a profit of 17 cents a year earlier. Intel edged lower after upsizing a common stock offering to $20 billion from $15 billion for general corporate purposes. Plug Power rallied 13% on a smaller-than-expected second-quarter loss, while First Solar gained more than 3% after Baird upgraded the stock to outperform and raised its price target to $318, citing a strong utility-scale market. Cardinal Health moved nearly 2% higher as adjusted earnings of $2.60 per share beat the $2.42 estimate, though revenue of $63.67 billion missed the $65.15 billion consensus, and full-year EPS guidance topped expectations.

Impact on stocks 6

Energy Transition & Power Demand▲ · 2 stocks
First Solar Inc
FSLR
▲ PositiveCapitalrelevance

Baird upgraded to outperform and raised price target to $318.

Health Care± Mixed · 2 stocks
Hims Hers Health Inc
HIMS
▼ NegativeCapitalrelevance

Trimmed full-year EBITDA outlook and posted a net loss vs. year-ago profit.

Cardinal Health Inc
CAH
▲ PositiveCapitalrelevance

Adjusted EPS beat and raised full-year guidance, though revenue missed.

Digital Finance & Tokenization▲ · 1 stocks
Artificial Intelligence▼ · 1 stocks
Intel Corporation
INTC
▼ NegativeCapitalrelevance

Upsized common stock offering to $20 billion for general corporate purposes.

Theme Impact 5

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