Check out the companies that made the biggest moves in premarket trading: SolarEdge Technologies – Solar stocks plunged nearly 29% after the company cut its third-quarter forecast in after-market trading on Thursday. Zvi Lando, CEO of SolarEdge, cited significant and unexpected cancellations as the reasons for the cut. On Friday, Deutsche Bank downgraded SolarEdge, Sunrun and Sunnova to “hold” from “buy” due to declining demand. Sunrun and Sunnova both fell around 9%, while Enphase Energy fell 15.7%. The Invesco Solar ETF lost 5.2%. Schlumberger – The oil and gas company fell 1.8% after reporting third-quarter revenue of $8.31 billion, missing estimates of $8.33 billion, per LSEG. However, earnings per share of 78 cents beat estimates of 77 cents. Intuitive Surgical – Shares fell nearly 6.6% after the company reported a decline in sales after Thursday’s close. Revenue came in at $1.74 billion, compared with the $1.77 billion expected by analysts surveyed by LSEG. However, adjusted earnings per share came in at $1.46, beating expectations of $1.41. Regions Financial – Shares of the regional bank fell 4.7% after it reported third-quarter earnings per share of 49 cents, less than the 58 cents expected by analysts surveyed by StreetAccount. Net interest also fell short of the expected $1.32 billion at $1.29 billion. Knight-Swift – Shares of the transportation company rose 12.4% after Knight-Swift beat estimates on revenue and profit in its third-quarter report. The company reported adjusted earnings per share of 41 cents on revenue of $2.02 billion. Analysts polled by LSEG expected 36 cents per share and revenue of $1.89 billion. Total sales rose more than 6% year-over-year. CEO David Jackson said in a news release that the subcompact truckload market is showing relative strength. American Express – Shares were little changed after the credit card company reported third-quarter results. American Express earned $3.30 per share on revenue of $15.38 billion. Analysts polled by LSEG expected earnings of $2.94 per share on revenue of $15.36 billion. —CNBC’s Jesse Pound contributed reporting.
