Shares of Energy Conversion Devices Inc. surged in premarket trading Thursday after the alternative energy company reported its fiscal third-quarter results.
ECD shares were on pace to open at their highest level in almost two years, gaining $8.70, or 25 percent, to $43.51. The stock ended Wednesday trading at $34.81.
Economic indicators looked positive, as Dow futures rose 39 points to 12,875. Standard & Poor's 500 index futures added 5.60 points to 1,400.90, and Nasdaq 100 index futures gained 4.75 points to 1,965.25.
Shares of Wet Seal Inc. rose 15 cents, or 4.2 percent, to $3.75 after the teen apparel maker raised its first-quarter profit forecast. Its sales for the period were slightly better than analysts expected.
Shoe maker Crocs Inc. reported greater-than-expected revenue in the first quarter, and the stock climbed $2.55, or 25.6 percent, to $12.51. Shares ended at $9.96 Wednesday.
But Hansen Natural Corp. shares were headed for an annual low after the drink maker's first-quarter profit fell far short of analyst expectations.
Hansen said the cost of sales grew 34 percent in the first quarter. Sales were also less than Wall Street had anticipated. Shares dropped $6.25, or 17.6 percent, to $29.35 in premarket trading, down from Wednesday's closing price of $35.60. Goldman Sachs analyst Judy Hong downgraded the stock to "Neutral" from "Buy" and cut her price target to $37 per share from $50.
Shares of radiology services company Nighthawk Radiology Holdings Inc. skidded after the company reduced its profit and revenue estimates for the year. The stock gave up 56 cents, or 6.5 percent, to $8 premarket, down from a closing price of $8.56.
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