In company news, Bloom Energy (BE) tumbled 12%, erasing a nearly 1% gain earlier Thursday that followed the solid-oxide fuel cell company saying it has closed on a new supply agreement with natural gas producer EQT (EQT) for certified, responsibly sourced natural gas over the next two years. Financial terms were not disclosed. EQT shares were 6% lower in late trade.
Daqo New Energy (DQ) was sinking 12% this afternoon, reversing an early 7.5% gain that followed the polysilicon supplier saying it earned $6.99 per American depositary share during its Q1 ended March 31, up from $1.08 a year earlier and beating the single-analyst estimate expecting a $6.29 per ADS profit.
Civitas Resources (CIVI) was 3% lower in late trade, reversing a midday gain, that followed the energy supplier disclosed plans to redeem all $100 million of its outstanding 7.50% senior notes due 2026 on May 1.
Liberty Oilfield Services (LBRT) was near flat after late Wednesday saying it narrowed its Q1 net loss by 86% compared with year-ago levels, with the $0.03 per share loss beating Wall Street estimates by $0.13 per share, while revenue grew to $792.8 million, topping forecasts looking for $739.4 million. CEO Chris Wright also said the company is expecting 10% sequential revenue growth, indicating around $872 million in Q2 revenue compared with the Capital IQ consensus looking for $815.4 million.
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