- Ultralife shares surged more than 144% premarket after EnerSys agreed to buy the battery maker for $16 a share in cash, valuing it at about $320 million. EnerSys shares rose 2%.
- Vertiv rallied 16% after its third-quarter results and guidance topped expectations. Adjusted earnings of $2.21 a share beat the $1.82 FactSet consensus, and revenue of $4.31 billion was about 15% above the $3.75 billion estimate (Lumida calculation).
- Enphase Energy tumbled more than 18% after quarterly revenue fell to $293.3 million from $410.4 million a year earlier, a decline of roughly 29% (Lumida calculation).
- PPG rose 6% after record adjusted earnings of $2.25 a share and a higher midpoint for full-year guidance, while Logitech dropped more than 11% despite adjusted earnings of $1.51 beating the $1.30 consensus, as operating income of $200.6 million missed expectations.
What Happened?
CNBC’s premarket roundup on Wednesday showed earnings and deals driving the biggest single-stock moves ahead of the Fed decision. Ultralife announced its merger agreement with EnerSys after the close on Tuesday. Vertiv, a supplier of power and cooling equipment for data centers, issued stronger-than-expected guidance for both the current quarter and the full year. GE Vernova also rose more than 1% premarket after agreeing to buy Trench Group for about $9 billion and raising its full-year revenue forecast.
Why It Matters?
The moves show where the AI capex cycle is still paying off: Vertiv’s beat and GE Vernova’s guidance raise underline how strong demand remains for data-center power and grid equipment. Enphase’s revenue drop shows how unevenly the energy transition is playing out, with residential solar demand weak even as utility and data-center power spending booms. Ultralife’s deal value highlights continued consolidation in specialty batteries and power systems.
What’s Next?
Investors will watch whether Vertiv’s guidance raise holds up as Microsoft and Alphabet update capex plans after the bell, since hyperscaler spending drives its orders. For Enphase, the focus will be on its outlook and any sign of a bottom in residential solar demand. The Ultralife deal still requires closing conditions, and EnerSys investors will look for details on financing and synergies.
Affected Tickers and Coins: ULBI, ENS, VRT, ENPH, PPG, LOGI
Source: CNBC
