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Aspen Aerogels Issues Business Update, Joins Plug Power, SunPower And Other Big Stocks Moving Lower On Thursday

Benzinga ·  Jan 11 23:32

U.S. stocks traded lower, with the Dow Jones index falling over 150 points on Thursday.

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) fell sharply during Thursday's session after the company issued a business update.

Aspen Aerogels clocked preliminary fourth-quarter revenue of $84 million. The company sees FY24 baseline revenue of $350 million with upside potential as EV production accelerates.

Aspen Aerogels shares dipped 12.2% to $12.61 on Thursday.

Here are some other big stocks recording losses in today's session.

  • Office Properties Income Trust (NASDAQ:OPI) shares tumbled 36% to $3.9650 after the company reduced its quarterly dividend to $0.01 per share.

  • Richardson Electronics, Ltd. (NASDAQ:RELL) dipped 20.7% to $9.91 after the company posted weaker-than-expected results for its second quarter.

  • Sana Biotechnology, Inc. (NASDAQ:SANA) declined 15.8% to $6.04.

  • GigaCloud Technology Inc. (NASDAQ:GCT) fell 15.7% to $18.29.

  • Applied Optoelectronics, Inc. (NASDAQ:AAOI) fell 15.2% to $18.32.

  • E2open Parent Holdings, Inc. (NYSE:ETWO) dropped 14.8% to $3.55.

  • MoneyLion Inc. (NYSE:ML) fell 12.8% to $51.76.

  • Pacific Biosciences of California, Inc. (NASDAQ:PACB) fell 9.5% to $7.20. PacBio recently announced preliminary Q4 and FY23 revenue results.

  • Roadzen, Inc. (NASDAQ:RDZN) shares declined 9.1% to $4.52 after jumping 9% on Wednesday. Roadzen recently appointed Jean-Noël Gallardo as CFO.

  • Plug Power Inc. (NASDAQ:PLUG) fell 8.4% to $3.69. Susquehanna analyst Biju Perincheril downgraded Plug Power from Positive to Neutral.

  • SunPower Corporation (NASDAQ:SPWR) dipped 8.3% to $3.5650. Susquehanna analyst Biju Perincheril downgraded SunPower from Positive to Neutral and announced a $4 price target.

  • Amarin Corporation plc (NASDAQ:AMRN) fell 8.1% to $1.1850.

  • Upstart Holdings, Inc. (NASDAQ:UPST) declined 7.2% to $33.00. Upstart CFO Sanjay Datta sold a total of 1,000 shares at an average price of $34.14.

  • Weibo Corporation (NASDAQ:WB) fell 7.2% to $8.86. B of A Securities analyst Miranda Zhuang downgraded Weibo from Buy to Underperform and announced a $10 price target.

  • Cytokinetics, Incorporated (NASDAQ:CYTK) declined 6.7% to $94.83.

  • C3.ai, Inc. (NYSE:AI) fell 6.2% to $26.76.

  • Hertz Global Holdings, Inc. (NYSE:HTZ) fell 6.1% to $8.78.

  • Unity Software Inc. (NYSE:U) fell 6% to $34.90.

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