Check out the companies that made the biggest moves midday: SolarEdge Technologies — The solar power stock soared 14% after Jefferies upgraded it from underperform to hold. “We strategically upgrade SEDG to Hold as the escalation of the ME conflict is causing a repeat of the European energy security dynamics that ‘intensified’ SEDG’s operations during the Russia-Ukraine war,” the bank’s analysts wrote. Insperity — Shares of the HR services platform rose nearly 11% this week after Chairman and CEO Paul Salvadi announced he was buying 205,000 shares. OneOK – The oil and gas pipeline company’s stock rose nearly 4%. Jefferies upgraded One OK to buy and raised its price target to $98 per share, predicting an increase of nearly 11% from Thursday’s closing price. Analyst Julien Dumoulin-Smith said the Iran conflict was a catalyst: “The longer the disruption lasts, the more the market will need to reassess structural oil trends, which argues for a more constructive outlook for the Bakken.” SM Energy – The oil and gas exploration and production company’s stock price rose nearly 9%. JPMorgan rates the stock Overweight and sets a price target of $40 per share, reflecting the 44% upside. “Accelerating deleveraging in an environment of high oil prices opens the door to higher cash returns,” analyst Zach Parham said. York Space Systems — The space and defense company posted full-year revenue that beat analysts’ expectations, with a 22% return. The company’s revenue totaled $386.2 million, compared to analysts polled by FactSet who expected sales of $383.5 million. Super Micro Computer — Shares fell more than 26% after U.S. prosecutors charged two employees and a contractor with smuggling Nvidia chips into China. FedEx — The package delivery giant rose nearly 2% after its third-quarter results beat the Street. FedEx earned $5.25 per share, excluding certain items, on revenue of $24 billion. Analyst estimates compiled by LSEG were for sales of $23.43 billion and earnings per share of $4.09. The company also raised its profit outlook for the fiscal year. Arm Holdings — U.S.-listed shares of British semiconductor and software design company Arm Holdings rose 4.3% after HSBC upgraded Arm by two notches from buy to buy, and its $205 price target suggests an upside of more than 57% from Thursday’s closing price. Analyst Frank Lee said the company is in the midst of a “transformative” transition from a smartphone-dependent IP business that is undervalued in the market to a major player benefiting from AI server CPUs. Planet Labs — The satellite imaging company’s stock soared 26% after better-than-expected fourth-quarter results. Planet Labs broke even on an adjusted basis over the same period, compared to analysts polled by FactSet who expected a loss of 5 cents per share. First-quarter and full-year revenue guidance also exceeded expectations. Chipotle Mexican Grill — The burrito chain’s stock rose more than 1% after Mizuho upgraded the stock from neutral to outperform. The Wall Street company said recent management comments could potentially act as a positive catalyst, and it expects “earnings turnaround” to occur in the near term with margin increases. Firefly Aerospace — Space transportation stock rose 2% after better-than-expected fourth-quarter results. Firefly lost 38 cents a share, excluding certain items, on revenue of $57.7 million. Analysts had expected revenue of $52.4 million and a loss of 49 cents a share, according to FactSet. Nexstar Media Group — Shares rose 4% after Nexstar Media Group announced it had completed its $6 billion acquisition of local news company Tegna with approval from the Federal Communications Commission. Scholastic — The educational content publisher and producer rose nearly 9% after the company reported a smaller-than-expected loss in the third quarter. Scholastic had an adjusted loss of 15 cents per share, compared with analyst estimates compiled by FactSet for a loss of 37 cents per share. — CNBC’s Darla Mercado, Elizabeth Napolitano, Yun Li, Sarah Ming and Michelle Fox contributed reporting
