Biggest stock movers today: CRWD, PLUG, HE, and more

Following a rotation seen earlier in the week, U.S. stock futures were under some mild pressure in premarket trade on Friday.

Biggest stock gainers

• Hawaiian Electric (NYSE:HE) soared 38% following a Bloomberg report that stated the utility was among the companies that had tentatively agreed to pay more than $4B to resolve hundreds of lawsuits over last year’s Maui wildfires.

Biggest stock losers

• A major worldwide tech outage from CrowdStrike (NASDAQ:CRWD) saw the stock drop 13% in early trading. The problem led to the “blue screen of death” on Microsoft (NASDAQ:MSFT) systems worldwide, impacting airports, banks, health providers and many consumers. As CrowdStrike plunges, shares of some rival cybersecurity stocks are heading higher.

• Plug Power (NASDAQ:PLUG) is down nearly 10% after announcing the commencement of a $200M public offering of its common stock. It’s the latest slide for the hydrogen fuel cell player. The stock is down 77% over the past year.

More on related stocks

• CrowdStrike, Palo Alto Networks slide on back of Redburn downgrades
• Cybersecurity firms see lower estimates as gen-AI absorbs IT budgets: survey
• Hawaiian Electric Industries May Be Seeing The Light At The End Of The Tunnel
• Plug Power: Avoid It
• Plug Power: Still Big Holes To Plug