Intuitive Surgical, SolarEdge Technologies And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures traded lower this morning on Friday. Here are some big stocks recording losses in today’s pre-market trading session.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares tumbled 24.1% to $86.50 in pre-market trading after the company issued preliminary third-quarter revenue results below estimates and lowered its non-GAAP gross margin forecast. Deutsche Bank downgraded SolarEdge Technologies from Buy to Hold and lowered the price target from $300 to $150, while Roth MKM downgraded the stock from Buy to Neutral and cut the price target from $280 to $100.
Enphase Energy, Inc. (NASDAQ:ENPH) shares fell 14.3% to $99.30 in pre-market trading in sympathy with SolarEdge after the company said its Q3 revenue, gross margin and operating income will be below the low end of its prior guidance range.
SunPower Corporation (NASDAQ:SPWR) shares fell 8.4% to $5.10 in pre-market trading. JP Morgan recently maintained SunPower with an Underweight and lowered the price target from $9 to $6.
Intuitive Surgical, Inc. (NASDAQ:ISRG) shares declined 8.1% to $251.50 in pre-market trading after the company reported mixed third-quarter financial results.
MMTec, Inc. (NASDAQ:MTC) shares fell 7.8% to $1.90 in pre-market trading after jumping 51% on Thursday. MMTEC is scheduled to hold its 2023 annual meeting of shareholders on Nov. 10, 2023.
Sunrun Inc. (NASDAQ:RUN) shares declined 7.8% to $9.75 in pre-market trading. Deutsche Bank downgraded Sunrun from Buy to Hold and lowered the price target from $27 to $15.
Sunnova Energy International Inc. (NYSE:NOVA) shares fell 6.8% to $8.58 in pre-market trading. Deutsche Bank downgraded Sunnova Energy Intl from Buy to Hold and lowered the price target from $23 to $12.5.
Canadian Solar Inc. (NASDAQ:CSIQ) shares fell 5.3% to $20.62 in pre-market trading. Canadian Solar is expected to report third-quarter results on Nov. 14, 2023.
First Solar, Inc. (NASDAQ:FSLR) shares declined 5.2% to $144.00 in pre-market trading.
WD-40 Company (NASDAQ:WDFC) shares fell 4.5% to $194.97 in pre-market trading. WD-40 reported in-line earnings for its fourth quarter, while sales topped estimates. The company, however, issued weak earnings forecast for FY24.