Stock futures were mixed Wednesday premarket ahead of key consumer inflation data, while oil prices edged higher despite reports of a historic International Energy Agency emergency reserves release.
Here are some of Wednesday’s biggest stock movers:
Biggest stock gainers
- Oracle (ORCL) +11% – Shares jumped after the company reported FQ3 results and guidance that topped Wall Street expectations. Revenue rose 22% Y/Y, driven by strong cloud demand, with cloud revenue up 44%, infrastructure revenue surging 84%, and Fusion Cloud ERP revenue rising 17%. For Q4 FY2026, Oracle expects revenue growth of 18%–20% in constant currency (19%–21% in U.S. dollars), implying $18.93B–$19.24B, around the $19.11B consensus, while adjusted EPS is projected at $1.92–$1.96, slightly above the $1.93 estimate. The company also raised its long-term outlook, saying it now expects FY2027 revenue to reach about $90B, reflecting continued momentum in its cloud business.
- Ballard Power Systems (BLDP) +7% – Shares rose after the company announced a commercial agreement with New Flyer, part of NFI Group, to supply 500 FCmove-HD+ fuel cell engines totaling 50 MW. The order marks the largest commitment from New Flyer since the partnership began, with deliveries starting in 2026 to power Xcelsior CHARGE FC hydrogen fuel cell buses across North America. Ballard said the deal strengthens its long-standing partnership with New Flyer and supports the expansion of zero-emission public transit fleets in the region.
Biggest stock losers
- Kosmos Energy (KOS) -16% – Shares plunged after the company announced a public offering of 97.5M common shares priced at $1.90 each, expected to generate gross proceeds of about $185.25M. The offering, set to close on March 12, 2026, also grants underwriters a 30-day option to purchase an additional 14.63M shares at the same price. Kosmos said it plans to use the net proceeds primarily to repay borrowings under its commercial debt facility and reduce other outstanding debt, a move aimed at strengthening its balance sheet.
- AeroVironment (AVAV) -10% – Shares declined after the company reported quarterly results that missed Wall Street expectations and lowered its full-year outlook. The company posted a Q3 operating loss of $179M, compared with a $3.1M loss a year earlier, largely due to a $151.3M goodwill impairment in its space division tied to a stop-work order on the U.S. Space Force’s SCAR program. Gross margin for the quarter declined to 24% from 38%, reflecting a higher mix of service revenue following the BlueHalo deal, along with higher amortization and purchase-accounting charges. CEO Wahid Nawabi said demand remains strong despite revenue timing issues. For FY2026, AeroVironment now expects revenue of $1.85B–$1.95B, down from $1.95B–$2.0B previously and the consensus of $1.95B, and projects a net loss of $218M–$201M, adjusted EBITDA of $265M–$285M, and adjusted EPS of $2.75–$3.10, much below the consensus of $3.24.