The stocks that make the biggest moves after the bell: Qiagen, Li Auto and more

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An employee of a Qiagen testing company holds a test kit at the Qiagen facility in Hilden, Germany, September 8, 2020.

Leon Kuegeler | Reuters

Find out which companies are hitting the headlines after Tuesday’s bell:

Qiagen – Shares of Qiagen rose 4% after the company announced the launch of a new ultra-fast sequencing solution for high throughput genomic surveillance that shortens the turnaround time for researchers identifying Covid-19 variants.

Maxeon Solar Technologies – Shares of the solar panel maker fell 9% after the company released weaker-than-expected revenue guidance for the first quarter. Maxeon said he expects first quarter revenue to be around $ 160 million. Analysts polled by FactSet are forecasting first-quarter revenue of $ 232.8 million. The disappointing forecast overshadowed the fourth quarter numbers which exceeded analysts’ expectations.

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Li Auto – Shares of the electric vehicle maker fell 4% after the company announced a $ 750 million convertible senior note offering. The debt will be due in 2028.

PG&E – Shares of the gas and power company slipped slightly after the bell. In regular trading, shares of PG&E slipped 1.9% after the San Francisco Chronicle reported that the Sonoma County prosecutor charged the company with five felonies and 28 misdemeanors for the 2019 Kincade fire.

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Smart Global Holdings – The company’s shares rose less than 1% after Smart Global posted better-than-expected tax results for the second quarter. Smart Global posted earnings per share of 87 cents on revenue of $ 304 million. Analysts polled by FactSet were forecasting earnings per share of 80 cents on revenue of $ 295.6 million.

Envista Holdings – Shares of Envista jumped 8% following news that the company will replace Interdigital in the S&P MidCap 400 index.

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