Penguin Solutions Posts Upbeat Q2 Results, Joins Globalstar, Kosmos Energy And Other Big Stocks Moving Higher On Thursday

U.S. stocks were mostly flat, with the Dow Jones index falling around 0.1% on Thursday.

Shares of Penguin Solutions Inc (NASDAQ:PENG) rose sharply during Thursday's session after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.

Net sales were $343 million, down 6% year over year but above the $337.938 million estimate. Adjusted EPS was 52 cents, beating the 42-cent estimate, while GAAP diluted EPS rose to 58 cents from 9 cents.

Also, Needham maintained its Buy rating on the stock and raised its price target from $25 to $27.

Penguin Solutions shares jumped 14.7% to $20.94 on Thursday.

Here are some other big stocks recording gains in today’s session.

• Braiin Ltd (NASDAQ:BRAI) gained 11.6% to $23.00. Braiin and Home announced exclusive strategic partnership to pioneer “LiveTech” and build AI-native living infrastructure platform.
• Highpeak Energy Inc (NASDAQ:HPK) gained 7.1% to $6.75.
• Globalstar, Inc. (NASDAQ:GSAT) rose 7% to $73.22 following reports suggesting that Amazon is in discussions to acquire the company.
• Purecycle Technologies Inc (NASDAQ:PCT) gained 4.8% to $5.36.
• Kosmos Energy Ltd (NYSE:KOS) gained 4.8% to $2.82. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
• W&T Offshore, Inc. (NYSE:WTI) gained 4.2% to $3.14. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
• Par Pacific Holdings Inc (NYSE:PARR) rose 4.1% to $64.20.
• SandRidge Energy Inc (NYSE:SD) gained 2.6% to $15.54.

Photo via Shutterstock