Modine Manufacturing Up; Virgin Galactic Down: Upside, Downside Movers in A.M.
Upside
– $MRLN +40% (Q3 revenue rose 80% year over year, while new U.S. special-operations and autonomous-CASEVAC awards strengthened the defense pipeline)
– $MOD +38% (Samsung reportedly in talks to acquire the data-center cooling supplier, with a potential deal possible within weeks)
– $SLSN +32% (Q3 revenue grew 38% and the company swung to record net income)
– $VTSI +31% (Q3 bookings jumped 87% sequentially, backlog reached $27.6M and a new CBP contract carries up to $14M of value)
– $LFTO +27% (Q3 came well above prior guidance as revenue grew 32% and adjusted EBITDA margin expanded to 61%)
– $NMAX +20% (record underlying revenue and a second consecutive quarter of positive adjusted EBITDA)
– $HAWK +12% (revenue surged 84%, backlog reached $300M and FY revenue and EBITDA guidance was raised)
– $CBRS +11% (Q3 beat, 2026 outlook raised and a new Microsoft partnership announced)
– $SLS +5.8% (Q3 update says the Phase 3 REGAL AML primary-endpoint readout is due this month while Phase 2 SLS009 enrollment reached 40 patients)
– NU +4.7% (record profit, customer growth and improved efficiency outweighed a modest revenue miss)
– $ENVX +3.0% (record gross margin, debt retirement and a 2027 revenue outlook implying 75%–128% growth)
– $PANW +2.6% (KeyBanc upgrades to Overweight, citing accelerating security budgets through 2027)
– $NVDA +1.6% (rebounds as investors reassess the leadership fallout and reports show growing support for Huang to return)
– $TSLA +1.0% (reportedly advancing merger talks with SpaceX, with a potential deal targeted by December)
Downside
– $NPCE -41% (Q3 revenue missed and FY revenue guidance was cut to $91M–$92M from $99.5M–$101.5M)
– $CADL -32% (wider Q3 loss, prostate-cancer BLA timing pushed toward mid-2027 and a new $50M ATM programme)
– $VIR -15% ($150M public offering priced at $10 per share)
– $YSS -12% (Q3 sales missed and fell 7% as the adjusted EBITDA loss widened and a large goodwill impairment hit results)
– $FLO -8.0% (Q3 missed on earnings and revenue and full-year guidance was lowered)
– $SPCE -7.6% (new $250M ATM programme announced alongside the Q3 update)
– $KEP -7.0% (Q3 operating profit fell 71% and missed consensus sharply as fuel and purchased-power costs surged)
– $CSCO -3.4% (quarter beat and FY guidance rose, but sharp product-margin compression and elevated expectations drove a sell-the-news reversal)
– $COIN -2.6%, $MSTR -2.2%, $IREN -1.2% (crypto-linked stocks fall as Bitcoin slides nearly 5%)
– $AMD -2.4%, $AVGO -2.1% (chip rivals give back part of Thursday’s Nvidia-succession rally as investors reassess durable market-share benefits)
– $MSFT -1.2% (global Microsoft 365 outage continues to disrupt Outlook, Teams and Copilot)
