ProFrac Holding Corp. - Class A Common Stock (ACDC)
8.0600
+0.00 (0.00%)
ProFrac Holding Corp. is a diversified energy services company primarily involved in providing solutions for the oil and gas industry
The company's focus lies in hydraulic fracturing, which involves injecting high-pressure fluid into underground rock formations to enhance oil and gas extraction processes. ProFrac also offers a range of complementary services and equipment aimed at improving operational efficiency and environmental sustainability for its clients. Through innovative technology and a commitment to safety, ProFrac aims to support its customers in navigating the challenges of energy production while maximizing resource recovery.
JP Morgan analyst reiterated Underweight rating on ProFrac Holding Corp. with $7 price forecast due to weak results and lower pricing offsetting higher activity.
Shares of Skillsoft Corp. (NASDAQ: SKIL) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued FY25 revenue guidance below estimates.
U.S. stocks were higher, with the Dow Jones index gaining over 100 points on Monday. Shares of M&T Bank Corporation (NYSE: MTB) rose sharply during Monday’s session after the company reported first-quarter financial results.
ProFrac stock down 9.49% premarket as company reports lower Q4 FY23 revenue and net loss, expects improved profitability in 2024 due to increased fleet count and cost actions.
Companies Reporting Before The Bell • Sangamo Therapeutics (NASDAQ:SGMO) is likely to report quarterly loss at $0.26 per share on revenue of $8.10 million.
U.S. stocks traded higher this morning, with Dow Jones gaining over 100 points on Tuesday. Following the market opening Tuesday, the Dow traded up 0.32% to 34,173.85 while the NASDAQ rose 0.72% to 13,559.01. The S&P 500, also rose, gaining, 0.49% to 4,360.39.
